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    Versatile Mixed-Use Property in Smyrna Title is generated by Realmo AI

    607 N Dixie, New Smyrna Beach, FL 32168

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    For Sale
    $389,000

    COMMERCIAL - New Smyrna Beach, FL

    Property size:
    988 SF
    Lot size:
    0.13 Acres
    Price / SF:
    $393/SF
    Added:
    Jul 3, 2025
    Days on Market:
    312
    Last Refresh:
    May 10 at 3:06 pm

    Property Features for 607 N Dixie

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    1
    Rooms
    Bathroom 1
    Parking features
    Garage, Off Street, Carport
    Standard status
    Active
    APN
    7441-02-00-0820
    Size
    988 SF
    Lot size
    0.13 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    N 25 FT OF LOT 82 & S 25 FT OF LOT 83 EXC RD RWY HAMMONDSNEW PER OR 5182 PG 2650 PER OR 6848 PG 2799 PER OR 7523 PG 4593
    Tax Annual Amount
    1386

    Building Details

    Year built
    1952
    Floors in Building
    1

    We can help!

    Listing Contact
    Roger Kincaid

    Listing agent Roger Kincaid License #3027673

    Listing office Kincaid Realty 141 Canal Street, New Smyrna Beach, FL

    Listing date Jul 3, 2025

    MLS# 1215246

    Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location in the New Smyrna Historic District with US‑1/Dixie Freeway frontage and backstreet access.
    • Multi‑use property suitable for residential, commercial, or live/work purposes.
    • Includes a 2‑bedroom, 1‑bath home, a 672 sq ft workshop/warehouse with 1/2 bath and laundry, and a 24x28 detached garage with 1/2 bath and 2 private offices.
    • Only 2.3 miles to the beach.
    • Detached garage includes two private offices.
    • New energy‑efficient HVAC (2022) with heat pump.

    Overview

    This mixed-use property is located in the New Smyrna Historic District. It features a 2-bedroom, 1-bath home, a 672 square feet commercial-grade workshop with a 1/2 bath and laundry, and a 24x28 detached garage with a 1/2 bath and 2 private offices. The property offers frontage on US-1/Dixie Freeway and backstreet entrance for easy access. It is located approximately 2.3 miles from the beach. The property includes a new energy-efficient HVAC (2022) with heat pump. The property is situated on a 0.13-acre lot. The total property size is 988 square feet. This property is suitable for a home-based business, investment, or a live/work solution.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    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
    -80.9288795
    Latitude
    29.0314477

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    FAQs

    What type of property is this?
    Mixed-use property - Multi-use property in historic district, ideal for live/work.
    Where is this mixed-use property located?
    The property is located at 607 N Dixie New Smyrna Beach, FL.
    What is the asking price?
    The asking price for this property is $389,000.
    What are key features of this property?
    This property features: Prime location in the New Smyrna Historic District with US‑1/Dixie Freeway frontage and backstreet access.; Multi‑use property suitable for residential, commercial, or live/work purposes.; Includes a 2‑bedroom, 1‑bath home, a 672 sq ft workshop/warehouse with 1/2 bath and laundry, and a 24x28 detached garage with 1/2 bath and 2 private offices.
    (386) 428-7800
    We can help!
    Listing Contact
    Roger Kincaid
    Real Estate License ID: 3027673
    Learn More
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    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.

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