Multi-Tenant Mixed-Use
For Sale
Contact for pricing
156 S Charles Richard Beall Blvd, Debary, FL 32713
Five tenants occupy a mixed-story plaza with access from both the front and rear.
Property Size3,535 SF
Lot Size0.52 Acres
Price / SF$159.83
Days on Market26
Property Features for 156 S Charles Richard Beall Blvd
General Information
Standard status
Active
Size
3,535 SF
Total Parking Spaces
12
Lot size
0.52 Acres
Property subtype
Retail, Office, Mixed Use
Zoning
GC, City of Debary
Occupancy
100%
Site & Location
Corner Location
Yes
Traffic Count
25,500 vehicles/day
Road Access
Yes
Building Details
Year Renovated
2013
Buildings
1
Units
5
Tenancy
Multi
Listing Agency:
The Bywater Company
Listed By:
Sallie Jane Bywater · License #SL3660614
Source:
Crexi
Added: Aug 6
Changed: Aug 29
Last Checked: Aug 29 at 8:38PM
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 The Bywater Company
Investment Insights
Based on property information with market context.
This 3,535 SF mixed-use plaza contains five tenant spaces across a mixed-story layout. The property occupies 0.52 acres and is currently 100% occupied, providing an established multi-tenant configuration. Existing leases run through October 31, 2026.
Positioned at a corner with front and rear access, the property records an average daily traffic count of 25,500 cars. Zoning is GC under the City of Debary. The existing tenant arrangement may support repositioning or an owner-occupant strategy, subject to the applicable lease and zoning requirements.
Positioned at a corner with front and rear access, the property records an average daily traffic count of 25,500 cars. Zoning is GC under the City of Debary. The existing tenant arrangement may support repositioning or an owner-occupant strategy, subject to the applicable lease and zoning requirements.
Key Highlights
- 3,535 SF mixed‑use plaza on 0.52 acres
- 100% occupied with five tenants
- Mixed‑story layout with front and rear access
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
$43,666
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
7.73%
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%
$873,320
$873.3K
Cap Rate 7%
$623,800
$623.8K
Cap Rate 9%
$485,178
$485.2K
Market Conditions
NOI Build-Up for 3,535 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
$76.4K $21.60/SF
− Vacancy
−$6.5K −$1.84/SF
EGI
$69.9K $19.76/SF
− OpEx
−$26.2K −$7.41/SF
NOI
$43.7K $12.35/SF
Area
Volusia County, FL
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$873,320
Cap Rate 7%
$623,800
Cap Rate 9%
$485,178
Alternative Uses
Best Use
Mixed Use
$623.8K
$545.8K – $727.8K
NOI $43,666 @ 7.0% cap · market cap 7.73%
Second Best
Retail
$475.6K
$416.2K – $554.9K
NOI $33,294 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$1.04M
$912.0K – $1.22M
NOI $72,962 @ 7.0% cap · market cap 12.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
25,500 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
411
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Five tenants occupy a mixed-story plaza with access from both the front and rear.
Where is this mixed-use property located?
The property is located at 156 S Charles Richard Beall Blvd Debary, FL.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: 3,535 SF mixed‑use plaza on 0.52 acres; 100% occupied with five tenants; Mixed‑story layout with front and rear access
