• Broker Ray Joy 3864011000
Ray Joy Realty LLC

1018 Cutters Way 8,331 SF Flex Building Daytona Beach, FL 32119 $1,096,757 CAD ($131.65 CAD/SF) 11.49% Cap Rate

View Photo

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 $133,005 $15.97
Other Income - -
Vacancy Loss - -
Effective Gross Income $133,005 $15.97
Taxes - -
Operating Expenses - -
Total Expenses $7,482 $0.90
Net Operating Income $125,524 $15.07

PROPERTY FACTS

Price $1,096,757 CAD
Price Per SF $131.65 CAD
Sale Type Investment or Owner User
Cap Rate 11.49%
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

LINKS

PROPERTY TAXES

Parcel Number 5344-16-00-1385 Improvements Assessment $384,834 CAD (2025)
Land Assessment $44,555 CAD (2025) Total Assessment $429,389 CAD (2025)

MAP

ADDITIONAL PHOTOS

View Photo 1018 back
View Photo 1018 Cutters way survey
View Photo Sec. 5.4. - Application of district regulations. _ Land Development Code _ South Daytona, FL _ Municode Library
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View Photo IMG_20240818_165750123_HDR
View Photo IMG_20240818_165824692_HDR
View Photo IMG_20240818_165831264_HDR
View Photo IMG_20240818_165845795_HDR

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