Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    114 LIVE OAK STREET New Smyrna Beach, FL 32168

    View on Map
    For Lease
    $4,000 /Mo

    Office - NEW SMYRNA BEACH, FL

    Type:Office
    Property size:
    1,205 SF
    Lot size:
    0.18 Acres
    Added:
    Feb 2, 2026
    Days on Market:
    58
    Last Refresh:
    Apr 1 at 3:06 pm

    Property Features for 114 LIVE OAK STREET

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Zoning
    10B1
    Standard status
    Active
    APN
    7441-38-14-1720
    Size
    1,205 SF
    Lot size
    0.18 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxAnnualAmount
    10395

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1920
    Building materials
    Frame
    Architectural style
    Other

    We can help!

    Listing Contact
    Chris Schwarz
    Chris Schwarz

    Listing agent Chris Schwarz License #3216401

    Listing office WHITE WHALE REAL ESTATE 509 CANAL ST SUITE A, New Smyrna Beach, FL

    Listing date Feb 2, 2026

    MLS# NS1087237 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown New Smyrna Beach Commercial Space

    This ground-floor commercial space is available for lease in downtown New Smyrna Beach. The unit offers approximately 950 square feet of space in a central location near Canal Street. The location benefits from proximity to restaurants, retail establishments, offices, and year-round activity. The space is equipped with a grease trap, making it suitable for restaurant, café, food service, or other culinary concepts. It also remains flexible for retail, office, or service-based users. The layout includes 1.5 bathrooms, providing convenience for staff and customers. This space is suited for operators seeking a high-profile presence in one of New Smyrna Beach’s most active commercial corridors. The property is zoned 10B1 and sits on a lot of approximately 0.18 acres. The tenant is responsible for verifying permitted uses and zoning with the City of New Smyrna Beach.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Real Estate Agency Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Pharmacy Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Smyrna Beach
    County
    Volusia
    State
    Florida
    Longitude
    -80.92325
    Latitude
    29.0241488

    Nearby Similar for Lease

    • $136,800/mo

      Downtown Space in New Smyrna Beach

      Prime commercial space in the heart of New Smyrna Beach.
      400 CANAL STREET, NEW SMYRNA BEACH, FL 32168
      View Details
    • $32/mo

      Renovated Retail Space on Canal

      Completely renovated 3120 SF retail space on historic Canal Street.
      419 CANAL STREET, NEW SMYRNA BEACH, FL 32168
      View Details
    • Contact for pricing

      Commercial Space in New Smyrna Beach

      Commercial space with garage, outdoor area, and office.
      210 MAGNOLIA STREET, NEW SMYRNA BEACH, FL 32168
      View Details
    • Contact for pricing

      New Smyrna Beach Office Space

      Well-maintained office space in high-visibility New Smyrna Beach location.
      701 E 3RD AVENUE, NEW SMYRNA BEACH, FL 32169
      View Details
    • Contact for pricing

      Downtown New Smyrna Beach Commercial Space

      Versatile commercial spaces in a high-visibility, high-traffic downtown location.
      418 Canal Street, New Smyrna Beach, FL 32168
      View Details
    • $99,840/mo

      Renovated Commercial Building on Canal

      Completely renovated 3120 SF commercial building in New Smyrna Beach.
      419 CANAL St, New Smyrna Beach, FL 32168
      View Details
    • Contact for pricing

      Flagler Avenue Multi-Use Opportunity

      Rare multi-building property in vibrant beachside business district.
      411 Flagler Ave, New Smyrna Beach, FL 32169
      View Details
    • $1,876,547/mo

      Retail

      3950 FL-44, New Smyrna Beach, FL 32168
      View Details
    • $25/mo

      Retail Space in Publix-Anchored Center

      Retail space available in a Publix-anchored shopping center.
      761 E 3rd Ave, New Smyrna Beach, FL
      View Details
    • Contact for pricing

      Restaurant Space in New Smyrna Beach

      Restaurant space for rent in a prime location.
      401 FLAGLER AVENUE, NEW SMYRNA BEACH, FL 32169
      View Details
    • $30/mo

      Retail Space Near Beach

      Retail space in Publix-anchored center near the beach.
      1331-1339 Saxon Dr, New Smyrna Beach, FL
      View Details
    • Contact for pricing

      Versatile Commercial Units for Rent

      Spacious units suitable for various business and storage needs.
      1311 N Dixie Fwy, New Smyrna Beach, FL 32168
      View Details

    FAQs

    What type of property is this?
    Retail space - Prime commercial space in a desirable, active downtown location.
    Where is this retail space located?
    The property is located at 114 LIVE OAK STREET New Smyrna Beach, FL.
    What is the lease rate?
    The lease rate is $4,000 /Mo.
    What are key features of this property?
    This property features: Prime ground‑floor commercial space in the heart of Downtown New Smyrna Beach.; Highly desirable central location near Canal Street's restaurants, retail, and offices.; Equipped with a grease trap, ideal for restaurant, café, or food service concepts.
    (386) 689-5171
    We can help!
    Listing Contact
    Chris Schwarz
    Chris Schwarz
    Real Estate License ID: 3216401
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!