Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1331-1339 Saxon Dr New Smyrna Beach, FL

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $30 SF/Yr

    Retail space in Publix-anchored center near the beach.

    Type:RETAIL
    Property size:
    1,400 SF
    Lot size:
    1.20 Acres
    Added:
    Aug 20, 2025
    Days on Market:
    225
    Last Refresh:
    Mar 29 at 8:56 pm

    Property Features for 1331-1339 Saxon Dr

    General Information

    Standard status
    Active
    Size
    1,400 SF
    Lot size
    1.20 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 1331-1339 Saxon Dr Contact us

    We can help!

    Listing Contact
    Tracy Worrell

    Listing agent Tracy Worrell

    Listing office Crossman & Company - Corporate

    Listing date Aug 20, 2025

    Source Moodyscre

    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 Crossman & Company - Corporate

    Overview

    Retail Space Near Beach

    This retail space is located in a Publix-anchored shopping center. The property benefits from a prime beach side location and features eight points of entry. The location benefits from a combined traffic count of 38,000 vehicles per day. The property is 1,400 square feet in size and is suitable for retail, restaurant, and other shopping center uses.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Indian River Village — 709 E 3rd Ave, New Smyrna Beach, FL 32169

    Location Insight

    • Map
    • Local Demand
    City
    New Smyrna Beach
    County
    Volusia
    State
    Florida
    Longitude
    -80.8954
    Latitude
    29.0271

    Nearby Similar for Lease

    • Contact for pricing

      Downtown New Smyrna Beach Commercial Space

      Prime commercial space in a desirable, active downtown location.
      114 LIVE OAK STREET, NEW SMYRNA BEACH, FL 32168
      View Details
    • $136,800/mo

      Downtown Space in New Smyrna Beach

      Prime commercial space in the heart of New Smyrna Beach.
      400 CANAL STREET, NEW SMYRNA BEACH, FL 32168
      View Details
    • $32/mo

      Renovated Retail Space on Canal

      Completely renovated 3120 SF retail space on historic Canal Street.
      419 CANAL STREET, NEW SMYRNA BEACH, FL 32168
      View Details
    • Contact for pricing

      Commercial Space in New Smyrna Beach

      Commercial space with garage, outdoor area, and office.
      210 MAGNOLIA STREET, NEW SMYRNA BEACH, FL 32168
      View Details
    • Contact for pricing

      New Smyrna Beach Office Space

      Well-maintained office space in high-visibility New Smyrna Beach location.
      701 E 3RD AVENUE, NEW SMYRNA BEACH, FL 32169
      View Details
    • Contact for pricing

      Downtown New Smyrna Beach Commercial Space

      Versatile commercial spaces in a high-visibility, high-traffic downtown location.
      418 Canal Street, New Smyrna Beach, FL 32168
      View Details
    • $99,840/mo

      Renovated Commercial Building on Canal

      Completely renovated 3120 SF commercial building in New Smyrna Beach.
      419 CANAL St, New Smyrna Beach, FL 32168
      View Details
    • Contact for pricing

      Flagler Avenue Multi-Use Opportunity

      Rare multi-building property in vibrant beachside business district.
      411 Flagler Ave, New Smyrna Beach, FL 32169
      View Details
    • $1,876,547/mo

      Retail

      3950 FL-44, New Smyrna Beach, FL 32168
      View Details
    • $25/mo

      Retail Space in Publix-Anchored Center

      Retail space available in a Publix-anchored shopping center.
      761 E 3rd Ave, New Smyrna Beach, FL
      View Details
    • Contact for pricing

      Restaurant Space in New Smyrna Beach

      Restaurant space for rent in a prime location.
      401 FLAGLER AVENUE, NEW SMYRNA BEACH, FL 32169
      View Details
    • Contact for pricing

      Versatile Commercial Units for Rent

      Spacious units suitable for various business and storage needs.
      1311 N Dixie Fwy, New Smyrna Beach, FL 32168
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space in Publix-anchored center near the beach.
    Where is this shopping center located?
    The property is located at 1331-1339 Saxon Dr New Smyrna Beach, FL.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: Publix‑anchored center for consistent customer draw.; Prime beach side location.; Excellent tenant mix with strong popular restaurants.
    (407) 423-5400
    We can help!
    Listing Contact
    Tracy Worrell
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!