6-Unit Mixed-Use
New
For Sale
$825,000
124 S CHARLES RICHARD BEALL Blvd, Debary, FL 32713
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 Market4
Property Features for 124 S CHARLES RICHARD BEALL Blvd
General Information
Standard status
Active
Size
3,162 SF
Lot size
1.05 Acres
Property subtype
Commercial
Zoning
B-4
Site & Location
Corner Location
Yes
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$4,067
Building Details
Building Size
3,162 SF
Year Built
1952
Buildings
2
Stories
1
Tenancy
Multi
Listing Agency:
WATSON REALTY CORP
(954) 478-3190
Listed By:
"Bill" Herlihy · License #3364839
(954) 478-3190
Source:
Elliman
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 10 at 8:36AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$47,383
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
241
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
