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1018 Cutters Way

8,331 SF Flex Building Daytona Beach, FL 32119 $1,111,056 CAD ($133 CAD/SF) 11.49% Cap Rate

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 (CAD) Annual Per SF (CAD)
Gross Rental Income $135,014 $16.21
Other Income - -
Vacancy Loss - -
Effective Gross Income $135,014 $16.21
Taxes - -
Operating Expenses - -
Total Expenses $7,595 $0.91
Net Operating Income $127,420 $15.29

Financial Summary (Actual - 2023)

Gross Rental Income (CAD)
Annual $135,014
Annual Per SF $16.21
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $135,014
Annual Per SF $16.21
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $7,595
Annual Per SF $0.91
Net Operating Income (CAD)
Annual $127,420
Annual Per SF $15.29

Property Facts

Price $1,111,056 CAD
Price Per SF $133 CAD
Sale Type Investment or Owner User
Cap Rate 11.49%
Property Type Flex
Property Subtype
Light Manufacturing
  • Industrial Warehouse
  • Industrial Service
  • Office Office Live Work Unit
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

Utilities

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5344-16-00-1385
Land Assessment
$45,188 CAD (2024)
Improvements Assessment
$378,971 CAD (2024)
Total Assessment
$424,159 CAD (2024)

zoning

Zoning Code BHC (BHC - Business Heavy Commercial. Storage Facility, Auto Shop, Offices, Cabinet Shop...See attachments for complete list of uses)
BHC (BHC - Business Heavy Commercial. Storage Facility, Auto Shop, Offices, Cabinet Shop...See attachments for complete list of uses)
  • Listing ID: 32896450

  • Date on Market: 2024-08-20

  • Last Updated:

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

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