405 Charles St ,Industrial for Sale & Rent

405 Charles St for Sale & Rent

Price $4,100,000.00

• Lot size 150265
• Year Build
• Waterfront
• Zip 32114
• Style
• Parking Description
• Pool Yes
• Status Active

Description

Value-add multi-bay industrial asset in the heart of Daytona Beach. This 37,125 SF warehouse sits on a 3.45-acre lot with direct frontage along George W Engram Blvd/Fairview Ave, offering excellent access to key commercial corridors. The property features five bays, nine grade-level loading doors, 16’ clear heights, and approximately 10% office buildout. Currently 82% occupied with four tenants, the asset generates approximately $221,000 in NOI with significant upside potential. Multiple tenants are below market rents, with three leases rolling within 12 months, creating a clear path to increase income. Projected stabilization at ~$11.50/SF NNN supports a 10.59% cap rate, offering strong returns in a high-demand industrial market.

Value-add multi-bay industrial asset in the heart of Daytona Beach. This 37,125 SF warehouse sits on a 3.45-acre lot with direct frontage along George W Engram Blvd/Fairview Ave, offering excellent access to key commercial corridors. The property features five bays, nine grade-level loading doors, 16’ clear heights, and approximately 10% office buildout. Currently 82% occupied with four tenants, the asset generates approximately $221,000 in NOI with significant upside potential. Multiple tenants are below market rents, with three leases rolling within 12 months, creating a clear path to increase income. Projected stabilization at ~$11.50/SF NNN supports a 10.59% cap rate, offering strong returns in a high-demand industrial market.

City:Daytona,List A O R:A-Miami Association of REALTORS,Latitude:29.2175639,List Price:4100000,Listing Id:A12008277,Longitude:-81.0295962,Mls Status:Active,Postal Code:32114,Street Name:Charles St,Coordinates:1:29.2175639,Photos Count:16,Business Type:1:Warehouse Space,Days On Market:40,Lot Size Units:Square Feet,M I A M I R E_ Area:5940 Florida Other,On Market Date:2026-04-27,Parcel Number:5338-20-03-0171,Property Type:Commercial Sale,Street Number:405,Public Remarks:Value-add multi-bay industrial asset in the heart of Daytona Beach. This 37,125 SF warehouse sits on a 3.45-acre lot with direct frontage along George W Engram Blvd/Fairview Ave, offering excellent access to key commercial corridors. The property features five bays, nine grade-level loading doors, 16’ clear heights, and approximately 10% office buildout. Currently 82% occupied with four tenants, the asset generates approximately $221,000 in NOI with significant upside potential. Multiple tenants are below market rents, with three leases rolling within 12 months, creating a clear path to increase income. Projected stabilization at ~$11.50/SF NNN supports a 10.59% cap rate, offering strong returns in a high-demand industrial market.,County Or Parish:Volusia County,Expiration Date:2026-07-29,List Office Name:APEX Capital Realty LLC,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Property Sub Type:Industrial,State Or Province:FL,Street Dir Prefix:N,Unparsed Address:405 N Charles St, Daytona FL 32114,Listing Agreement:Exclusive Agency,Building Area Total:37125,Building Area Units:Square Feet,Leasable Area Units:Square Feet,Lot Size Square Feet:150265,Original List Price:4100000,Public Survey Range:38,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Syndication Remarks:Value-add multi-bay industrial asset in the heart of Daytona Beach. This 37,125 SF warehouse sits on a 3.45-acre lot with direct frontage along George W Engram Blvd/Fairview Ave, offering excellent access to key commercial corridors. The property features five bays, nine grade-level loading doors, 16’ clear heights, and approximately 10% office buildout. Currently 82% occupied with four tenants, the asset generates approximately $221,000 in NOI with significant upside potential. Multiple tenants are below market rents, with three leases rolling within 12 months, creating a clear path to increase income. Projected stabilization at ~$11.50/SF NNN supports a 10.59% cap rate, offering strong returns in a high-demand industrial market.,Listing Contract Date:2026-04-27,Originating System I D:miamire,Public Survey Section:20,Street Number Numeric:405,M I A M I R E_ Current Price:4100000,Public Survey Township:38,M I A M I R E_ Municipal Code:53,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Internet Remarks:37,125 SF industrial asset on 3.45 acres, 82% occupied with value-add upside, $221K NOI, and projected 10.59% cap rate.,M I A M I R E_ Parcel Number M L X:0171,M I A M I R E_ Street View Param:1$29.217073412684048$-81.03004936903626$42.74$13.33$1.00$j7yWmNa2f4MRA-_wzDkXFg,M I A M I R E_ Supplement Count:1,Contract Status Change Date:2026-04-27,Internet Address Display Y N:1,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Subdivision Number:3,M I A M I R E_ Agent Alternate Phone:561-542-3704,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:405 N Charles St,