1038 Reed Canal RdDaytona Beach, FL 32119

Property Details for 1038 Reed Canal Rd

Year built

1971

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.52 AC

Property size (Sq ft)

9,060 SF

Property type

Retail properties

Property subtype

Retail space

APN

5344-16-00-1381

APU

534416001381

Description

This exceptional 9,000 square foot industrial property, located at 1038 Reed Canal Road, presents a unique investment opportunity. Situated on a 1.52-acre lot, this single-tenant building boasts a versatile layout ideal for a variety of uses. Previously occupied by a national paint retailer, the space features approximately 1,500 square feet of retail space and 3,000 square feet of warehouse space, currently leased at $12.00 per square foot gross rent. The property's adaptability allows for potential subdivision, catering to diverse business needs. Access is enhanced by one dock-high bay and two on-grade garage doors, ensuring efficient loading and unloading. High visibility is guaranteed with a dedicated pylon sign on the busy Reed Canal Road. The building is a single-story structure with a total of one suite, identified by APN 5344-16-00-1381. This property is classified as Industrial, Retail, Office, and Land, with subtypes including Warehouse, Traditional Office, Manufacturing, Commercial, Automotive Parts, Construction/Contractor, and Storefront. The property's prime location and flexible design make it an attractive option for a wide range of businesses seeking a well-positioned and functional space.

• CAP approach

  CAP return

  Valuation

  6%

  $2,798,266

  6.5%

  $2,583,014

  7%

  $2,398,514

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,372,288

  Geo Method

  $2,548,647

• Alternative Use

  Use

  Valuation

  Residential

  $2,178,870

  Hospitality

  $1,995,833

  Educational

  $1,660,509

  Medical

  $1,717,617

  Retail

  $2,583,014

Location Insight

City

Daytona Beach

County

Volusia

State

Florida

Latitude

29.1542

Longitude

-81.0211

CBSA code

19660

CBSA name

DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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