6-Unit Mixed-Use
124 S CHARLES RICHARD BEALL Blvd, Debary, FL 32713
For Sale
$825,000
B-4 zoning and a detached commercial building support a range of retail and office applications.
Property Size3,162 SF
Lot Size1.05 Acres
Days on Market98
Property Features for 124 S CHARLES RICHARD BEALL Blvd
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Corner Location
Highway Access
Road Access
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Tenancy
Listing Agency:
WATSON REALTY CORP
Listed By:
"Bill" Herlihy · License FL #3364839
(954) 478-3190
Source:
Elliman
Added: Aug 8
Changed: Nov 1
Last Checked: Nov 12 at 9:03AM
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 WATSON REALTY CORP
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Investment Insights
Based on property information with market context.
Located at 124 S. Charles Richard Beall Blvd in DeBary, this mixed-use property combines six units on a 1.05-acre corner lot with a separate commercial building. The detached structure is suited to retail or office use, while the overall property carries B-4 zoning with a Village Overlay. Four units are leased and two are vacant. The property was built in 1952 and can be delivered vacant or leased.
The site fronts US Hwy 17-92 and is minutes from I-4. It is also near the planned DeBary Main Street and SunRail TOD redevelopment, a 50+ acre mixed-use urban core planned to include retail, dining, housing, and public amenities.
The site fronts US Hwy 17-92 and is minutes from I-4. It is also near the planned DeBary Main Street and SunRail TOD redevelopment, a 50+ acre mixed-use urban core planned to include retail, dining, housing, and public amenities.
Key Highlights
- Six‑unit mixed‑use property on a 1.05‑acre corner lot
- Detached commercial building for retail or office use
- B‑4 General Commercial zoning with Village Overlay
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,383
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$947,660
$947.7K
Cap Rate 7%
$676,900
$676.9K
Cap Rate 9%
$526,478
$526.5K
Market Conditions
NOI Build-Up for 3,162 SF
Gross rent
$68.3K $21.60/SF
− Vacancy
−$5.1K −$1.62/SF
EGI
$63.2K $19.98/SF
− OpEx
−$15.8K −$5.00/SF
NOI
$47.4K $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%
$947,660
Cap Rate 7%
$676,900
Cap Rate 9%
$526,478
Alternative Uses
Best Use
Office B
$676.9K
$592.3K – $789.7K
NOI $47,383 @ 7.0% cap · market cap 5.74%
Second Best
Mixed Use
$558.0K
$488.2K – $651.0K
NOI $39,059 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$932.3K
$815.8K – $1.09M
NOI $65,264 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
432
Businesses Nearby
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Business Placement
Demographics for 32713, FL
22,438
Population
10,013
Households
2.2
Avg Household Size
50
Median Age
31%
College-Educated
95%
High-School Grad
19.1 sq mi
ZIP Area
1,175
Density / Sq Mi
$87,354
Median Household Income
$51,733
Median Earnings
$1,479
Median Rent
$306,800
Median Home Value
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Market
Average Price Trend$/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 - B-4 zoning and a detached commercial building support a range of retail and office applications.
Where is this mixed-use property located?
The property is located at 124 S CHARLES RICHARD BEALL Blvd Debary, FL.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Six‑unit mixed‑use property on a 1.05‑acre corner lot; Detached commercial building for retail or office use; B‑4 General Commercial zoning with Village Overlay
