Add Listing
    For Sale
    • 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

    Enterprise Ave New Smyrna Beach, FL 32168

    View on Map
    Sponsored
    For Sale
    Contact for pricing

    Land, Other - NEW SMYRNA BEACH, FL

    Lot size:
    0.11 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 28 at 4:06 am

    Property Features for Enterprise Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    7418-03-03-0302
    Lot size
    0.11 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Marina Owens
    Marina Owens

    Engel & Völkers New Smyrna Beach

    Listing agent Marina Owens

    Listing date Mar 27, 2026

    MLS# NS1087138 Listing URL

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

    Learn more

    Property Insight Report

    Overview

    Vacant Lot in New Smyrna Beach

    This 48' x 104' vacant lot is located within the city limits of New Smyrna Beach. The property offers a backdrop view of a pond owned and maintained by the City of New Smyrna Beach. The location provides convenient access to local dining, shopping, beaches, and I-95. This property presents an opportunity for building a home or exploring investment possibilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    New Smyrna Beach
    County
    Volusia
    State
    Florida
    Longitude
    -80.934315
    Latitude
    29.02719

    Nearby Similar for Sale

    • $399,000
      988 SF

      New Smyrna Beach Multi-Use Property

      Versatile property in New Smyrna Historic District with residential and commercial features.
      607 N Dixie Fwy, New Smyrna Beach, FL 32168
      View Details
    • New
      $1,399,999
      6,700 SF

      New Smyrna Beach Mixed-Use Property

      Versatile commercial property on US-1 in New Smyrna Beach, FL.
      225 S Dixie Fwy, New Smyrna Beach, FL 32168
      View Details
    • $789,000
      1,944 SF

      High-Visibility Commercial Building, Volusia County

      Standalone commercial building in a high-traffic Volusia County location.
      1518 S Dixie Fwy, New Smyrna Beach, FL 32168
      View Details
    • $2,800,000
      5,400 SF

      Downtown Corner Location Opportunity

      Prime commercial space in the heart of New Smyrna Beach.
      400 Canal St, New Smyrna Beach, FL 32168
      View Details
    • $1,190,000
      3,260 SF

      New Smyrna Beach Mixed-Use Property

      Prime commercial property in historic New Smyrna Beach, Florida.
      401 Mary Ave, New Smyrna Beach, FL 32168
      View Details
    • $965,000
      Pending

      Retail Space Near Beach

      Prime retail space in New Smyrna Beach tourist district.
      415 Flagler Ave, New Smyrna Beach, FL 32169
      View Details
    • $1,200,000
      1,758 SF

      Downtown New Smyrna Beach Opportunity

      Versatile commercial property in high-traffic downtown location with potential drive-thru.
      109 Causeway Dr N, New Smyrna Beach, FL 32169
      View Details
    • $1,299,000
      3,196 SF

      Historic Building in New Smyrna Beach

      Unique 1934 building suitable for wine bar, deli, or restaurant.
      208 Magnolia St, New Smyrna Beach, FL 32168
      View Details
    • $949,000
      2,571 SF

      Restaurant on Canal Street, Florida

      Unique restaurant opportunity on Canal Street in New Smyrna Beach.
      1001 Canal St, New Smyrna Beach, FL 32168
      View Details
    • New
      $999,900
      1,459 SF

      Beachside Restaurant/Commercial Building For Sale

      Turn-key restaurant/commercial building near the beach in New Smyrna Beach.
      819 Sr A1A Hwy, New Smyrna Beach, FL 32169
      View Details
    • $1,625,000
      6,102 SF

      Downtown New Smyrna Beach Office

      Multi-purpose commercial office building in the heart of downtown.
      205 Magnolia St, New Smyrna Beach, FL 32168
      View Details
    • $924,900
      Pending

      Historic Mixed-Use Canal Street Property

      Three-story mixed-use property in New Smyrna Beach's historic district.
      204 Magnolia St, New Smyrna Beach, FL 32168
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Affordable vacant lot ready for building in New Smyrna Beach.
    Where is this residential land & home lot located?
    The property is located at Enterprise Ave New Smyrna Beach, FL.
    What is the asking price?
    The asking price for this property is $18,000.
    What are key features of this property?
    This property features: - Vacant lot within New Smyrna Beach city limits, build your custom home; - Exceptional value at $18,000; - Pond backdrop maintained by the City of New Smyrna Beach, providing a peaceful view without upkeep
    (386) 409-1316
    Request Owner's contact information
    Enterprise Ave New Smyrna Beach, FL 32168
    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.
    Enterprise Ave
    New Smyrna Beach, FL 32168
    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
    Enterprise Ave New Smyrna Beach, FL 32168
    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

    We can help!
    Listing Contact
    Marina Owens
    Marina Owens
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!