Mixed-Use Property with Highway
104 FRAN DRIVE, New Smyrna Beach, FL 32168
For Sale
$325,000
B4 zoning and connections between Highway 44 and Fran Drive shape the property's commercial access.
Property Size1,064 SF
Price / SF$305.45
Days on Market11
Property Features for 104 FRAN DRIVE
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Road Access
Property Use
Building Details
Year Built
Listing Agency:
THE KEYES COMPANY
(386) 428-5723
Listed By:
Andrea Lux · License FL #3275439
(386) 795-2526
Source:
Dennisrealty
Added: Oct 30
Changed: Nov 8
Last Checked: Nov 8 at 6:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of THE KEYES COMPANY
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Investment Insights
Based on property information with market context.
At 104 Fran Drive, this 1,064-square-foot mixed-use property was built in 1956 and is zoned B4. A side yard adds outdoor area, while a sidewalk runs along Highway 44. The property has access linking Highway 44 with Fran Drive.
The site is across from NSB Regional Shopping Center in New Smyrna Beach and approximately 2 miles from I-95. Its highway frontage and two-road access are key elements of the property's configuration.
The site is across from NSB Regional Shopping Center in New Smyrna Beach and approximately 2 miles from I-95. Its highway frontage and two-road access are key elements of the property's configuration.
Key Highlights
- 1,064‑square‑foot mixed‑use property built in 1956
- B4 zoning in Volusia County and New Smyrna Beach
- 82 feet of frontage on Highway 44
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,944
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$318,880
$318.9K
Cap Rate 7%
$227,771
$227.8K
Cap Rate 9%
$177,156
$177.2K
Market Conditions
NOI Build-Up for 1,064 SF
Gross rent
$23.0K $21.60/SF
− Vacancy
−$1.7K −$1.62/SF
EGI
$21.3K $19.98/SF
− OpEx
−$5.3K −$5.00/SF
NOI
$15.9K $14.99/SF
Area
Volusia County, FL
Vacancy
7.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$318,880
Cap Rate 7%
$227,771
Cap Rate 9%
$177,156
Alternative Uses
Best Use
Office B
$227.8K
$199.3K – $265.7K
NOI $15,944 @ 7.0% cap · market cap 4.91%
Second Best
Mixed Use
$187.8K
$164.3K – $219.1K
NOI $13,143 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$313.7K
$274.5K – $366.0K
NOI $21,961 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
414
Businesses Nearby
Explore this area
Business Placement
Demographics for 32168, FL
30,058
Population
16,439
Households
1.8
Avg Household Size
54
Median Age
31%
College-Educated
93%
High-School Grad
153.9 sq mi
ZIP Area
195
Density / Sq Mi
$72,967
Median Household Income
$41,076
Median Earnings
$1,608
Median Rent
$310,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Volusia County, FL
Properties on Market for Mixed-use properties in Volusia County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - B4 zoning and connections between Highway 44 and Fran Drive shape the property's commercial access.
Where is this mixed-use property located?
The property is located at 104 FRAN DRIVE New Smyrna Beach, FL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1,064‑square‑foot mixed‑use property built in 1956; B4 zoning in Volusia County and New Smyrna Beach; 82 feet of frontage on Highway 44
