Corner-Lot Mixed-Use
121 EDDIE ROAD, New Smyrna Beach, FL 32168
For Sale
$339,000
A sidewalk along the corner parcel provides pedestrian access for a range of commercial and residential uses.
Property Size1,085 SF
Price / SF$312.44
Days on Market52
Property Features for 121 EDDIE ROAD
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Corner Location
Amenities
sidewalk
Building Details
Year Built
Listing Agency:
THE BARNETT GROUP, INC.
(386) 426-7234
Listed By:
Heather Otero · License FL #3665594
(386) 547-9978
Source:
Endlesssummerrealty
Added: Sep 22
Changed: Nov 12
Last Checked: Nov 12 at 7:49AM
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 BARNETT GROUP, INC.
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Investment Insights
Based on property information with market context.
This mixed-use property at 121 Eddie Road in New Smyrna Beach was built in 1954. Its stated 1200 - STORE/OFF/RES designation supports a mix of store, office, and residential uses.
The property occupies a corner lot with a sidewalk. The described use possibilities include live-work space, retail, professional offices, a cafe, and personal services.
The property occupies a corner lot with a sidewalk. The described use possibilities include live-work space, retail, professional offices, a cafe, and personal services.
Key Highlights
- 1200 - STORE/OFF/RES designation
- Corner lot with a sidewalk
- Built in 1954
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,259
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$325,180
$325.2K
Cap Rate 7%
$232,271
$232.3K
Cap Rate 9%
$180,656
$180.7K
Market Conditions
NOI Build-Up for 1,085 SF
Gross rent
$23.4K $21.60/SF
− Vacancy
−$1.8K −$1.62/SF
EGI
$21.7K $19.98/SF
− OpEx
−$5.4K −$5.00/SF
NOI
$16.3K $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%
$325,180
Cap Rate 7%
$232,271
Cap Rate 9%
$180,656
Alternative Uses
Best Use
Office B
$232.3K
$203.2K – $271.0K
NOI $16,259 @ 7.0% cap · market cap 4.80%
Second Best
Mixed Use
$191.5K
$167.5K – $223.4K
NOI $13,402 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$319.9K
$279.9K – $373.2K
NOI $22,394 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
414
Businesses Nearby
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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
$310,200
Median Home Value
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Market
Average Price Trend$/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 - A sidewalk along the corner parcel provides pedestrian access for a range of commercial and residential uses.
Where is this mixed-use property located?
The property is located at 121 EDDIE ROAD New Smyrna Beach, FL.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: 1200 - STORE/OFF/RES designation; Corner lot with a sidewalk; Built in 1954
