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    Turn-Key Drive-Through Restaurant Facility Title is generated by Realmo AI

    1518 S DIXIE FREEWAY, New Smyrna Beach, FL 32168

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    For Sale
    $789,000

    COMMERCIAL - New Smyrna Beach, FL

    Property size:
    1,944 SF
    Lot size:
    10,500.00 Acres
    Price / SF:
    $405/SF
    Added:
    Jun 1, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 4 at 6:06 pm

    Property Features for 1518 S DIXIE FREEWAY

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    744904030180
    Size
    1,944 SF
    Lot size
    10,500.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    PLEASE SEE CONTRACT ADDENDUM #1 ATTACHED IN SUPPLEMENTS
    Tax Annual Amount
    6612

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1963
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    Block
    Roof type
    Membrane

    We can help!

    Listing Contact
    Pete Klironomos
    Pete Klironomos

    Listing agent Pete Klironomos License #BK3410351

    Listing office Salty City Realty 600 N Ridgewood Ave Ste c, New Smyrna Beach, FL

    Listing date Jun 1, 2026

    MLS# 1227158

    Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Restaurant/quick‑service facility with drive‑thru capability; includes interior furnishings and affixed equipment in place
    • Total area with outdoor patio ~2,488 SF, including ~1,944 SF HVAC'd interior space
    • Built in 1963 with block construction and concrete flooring; roof is membrane
    • Central heating and central air conditioning
    • Utilities: public water and public sewer
    • On‑site parking lot plus ~28,500 AADT traffic count

    Overview

    This property is a drive-through restaurant/food service facility offered as a turn-key package. The sale includes the real estate and the entire operating facility, along with affixed equipment in place and interior furnishings within the bar/dining area. The total area with the outdoor patio is approximately 2,488 square feet, including approximately 1,944 square feet of HVAC’d interior space, supporting both dine-in and quick-service use.

    The facility is located at 1518 S Dixie Freeway in New Smyrna Beach, Florida. Public remarks indicate an estimated 28,500 AADT. The property is currently under use by the present owner, and showings are appointment only with a minimum of 24 hours’ notice.

    This setup is positioned for restaurant and general quick service concepts seeking drive-thru capability, or for uses such as an ice cream/dessert cafe, based on the described operating framework. For access and scheduling, appointments must be coordinated through the listing agent, and a cash/“POF” letter is required in advance of any showing, with no exceptions. Please do not approach the site or staff for information.
    Property Profile Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    New Smyrna Beach
    County
    Volusia
    State
    Florida
    Longitude
    -80.918656
    Latitude
    29.006886

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    FAQs

    What type of property is this?
    Drive through restaurant - Fully equipped restaurant with drive-thru service and patio seating, including interior furnishings and affixed equipment.
    Where is this drive through restaurant located?
    The property is located at 1518 S DIXIE FREEWAY New Smyrna Beach, FL.
    What is the asking price?
    The asking price for this property is $789,000.
    What are key features of this property?
    This property features: Restaurant/quick‑service facility with drive‑thru capability; includes interior furnishings and affixed equipment in place; Total area with outdoor patio ~2,488 SF, including ~1,944 SF HVAC'd interior space; Built in 1963 with block construction and concrete flooring; roof is membrane
    (386) 295-9299
    We can help!
    Listing Contact
    Pete Klironomos
    Pete Klironomos
    Real Estate License ID: BK3410351
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    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.

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    1518 S DIXIE FREEWAY, New Smyrna Beach, FL 32168
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