Share This Listing

Message

962 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

1018 Cutters Way 8,331 SF Flex Building Daytona Beach, FL 32119 $790,000 ($94.83/SF) 11% Cap Rate

Save this listing!

Favorite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • 16 UNITS
  • Cabinet Shop
  • 2 APARTMENTS

EXECUTIVE SUMMARY

Storage Facility. {16 units} with 2 apartments 1 efficiency, 1 - 3 bedroom. Fully remodeled , Granite, New appliances , New AC, New Water Heaters, Metal Roof, New Bathrooms (exterior) and a Cabinet Making Shop. Owner will finance. Permanent tenant. ZONING BHC Business Heavy Commercial.
$7650 + / month income at full capacity.
***TURN KEY OPERATION WITH OWNER FINANCING!***

FINANCIAL SUMMARY (ACTUAL - 2023)

ANNUAL ANNUAL PER SF
Gross Rental Income $96,000 $11.52
Other Income - -
Vacancy Loss - -
Effective Gross Income $96,000 $11.52
Taxes - -
Operating Expenses - -
Total Expenses $5,400 $0.65
Net Operating Income $90,600 $10.88

FINANCIAL SUMMARY (ACTUAL - 2023)

Gross Rental Income
Annual $96,000
Annual Per SF $11.52
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $96,000
Annual Per SF $11.52
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $5,400
Annual Per SF $0.65
Net Operating Income
Annual $90,600
Annual Per SF $10.88

PROPERTY FACTS

Price $790,000
Price Per SF $94.83
Sale Type Investment
Cap Rate 11%
Property Type Flex
Property Subtype
Light Manufacturing
  • Industrial Warehouse
  • Industrial Service
Building Class C
Lot Size 0.23 AC
Rentable Building Area 8,331 SF
No. Stories 2
Year Built 1977
Tenancy Single
Parking Ratio 2.4/1,000 SF
No. Drive In / Grade-Level Doors 14
Zoning BHC - BHC - Business Heavy Commercial. Storage Facility, Auto Shop, Offices, Cabinet Shop...See attachments for complete list of uses

UTILITIES

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5344-16-00-1385
Land Assessment
$32,130 (2025)
Improvements Assessment
$277,518 (2025)
Total Assessment
$309,648 (2025)
  • Listing ID: 32896450

  • Date on Market: 8/20/2024

  • Last Updated:

  • Address: 1018 Cutters Way, Daytona Beach, FL 32119

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}