Updated Office Building in
555 BALLOUGH Rd Daytona Beach, FL 32114
555 BALLOUGH Rd, Daytona Beach, FL, 32114
$345,000
For Sale
$345,000
Turnkey office building in a high-demand, redeveloping area.
Property Size1,721 SF
Price / SF$200.46
Days on Market85
Property Features for 555 BALLOUGH Rd
General Information
- Standard status
- Active
- Size
- 1,721 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1964
Listing Agency
COLDWELL BANKER COAST REALTY
(386) 843-4346
Listed by
Tom Grasberger · License #3323835
(386) 843-4346
Source
Elliman
Added: Apr 24 Checked: Jul 17 at 3:31 am
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 COLDWELL BANKER COAST REALTY
Investment Insights
Based on property information with market context.
This 1,721 square foot commercial building is suitable for a small business or professional office. The solid block construction features a newer roof, updated windows, and HVAC. The interior includes up to five private offices, a reception area, a full bathroom, a kitchen, a stackable washer and dryer, and a tankless water heater. Rear parking is available. Located in a central, high-demand area within the Ballough Redevelopment Zone, the property qualifies for business incentives such as grants, zero-interest loans, tenant build-out and lease subsidies, and up to $50,000 in forgivable loans for commercial upgrades. The site is located 2/10 mile from I-400 North and is surrounded by major redevelopment, including a new 6-story residential community with apartments and amenities, Brown & Brown's headquarters, and the Riverfront Esplanade. It is near three bridges, Main Street, International Speedway Boulevard, and Seabreeze, providing access to beachside and mainland areas. The adjacent building is also for sale, creating an opportunity for expansion or a multi-building business campus in a rapidly evolving corridor. The property has a bike score of 62, a walk score of 64, and a transit score of 43.
Key Highlights
- Located in the Ballough Redevelopment Zone, qualifying for significant business incentives.
- Updated with newer roof, windows, and HVAC for efficiency and peace of mind.
- Turnkey functionality with five private offices, reception area, full bathroom, kitchen, and laundry.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.2k | $21.60 |
| − Vacancy | −$2.8k | −$1.62 |
| EGI | $34.4k | $19.98 |
| − OpEx | −$8.6k | −$5.00 |
| NOI | $25.8k | $14.99 |
1,721 SF · lease $21.60/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$368.4K
$322.4K – $429.8K
NOI $25,789 @ 7.0% cap · market cap 7.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$507.4K
$444.0K – $592.0K
NOI $35,521 @ 7.0% cap · market cap 10.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Law Office of Rick ...
Law Firm
Volusia Family Law
Law Firm
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FAQs
What type of property is this?
Office units - Turnkey office building in a high-demand, redeveloping area.
Where is this office units located?
The property is located at 555 BALLOUGH Rd Daytona Beach, FL.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Located in the Ballough Redevelopment Zone, qualifying for significant business incentives.; Updated with newer roof, windows, and HVAC for efficiency and peace of mind.; Turnkey functionality with five private offices, reception area, full bathroom, kitchen, and laundry.
