New Smyrna Beach Commercial
For Sale
$1,399,999
225 S DIXIE FREEWAY, New Smyrna Beach, FL 32168
Versatile commercial property on US-1 in New Smyrna Beach.
Property Size6,700 SF
Lot Size0.26 Acres
Price / SF$208.96
Days on Market140
Property Features for 225 S DIXIE FREEWAY
General Information
Standard status
Active
Size
6,700 SF
Lot size
0.26 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,400
Amenities
Central air
Pool
Public Pool
Central Air Cooling
Building Details
Year Built
1957
Listing Agency:
COMPASS FLORIDA LLC
(407) 203-9441
Listed By:
NATE INGRAM · License #3456806
Source:
Corcoran
Added: Mar 23
Changed: Aug 8
Last Checked: Aug 8 at 6:49AM
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 COMPASS FLORIDA LLC
Investment Insights
Based on property information with market context.
Located along the heavily traveled US-1 corridor in New Smyrna Beach, this commercial property offers a 6,700± SF flex/showroom building on approximately 0.25 acres. The single-story structure, originally built in 1957 and renovated in 1981, features flexible interior space suitable for showroom, retail, office, warehouse, or light industrial operations. The two story building features a leased space on the first floor and available residential unit on the second floor. The property is zoned Mixed Use (MU), allowing for a broad range of permitted uses and redevelopment potential. Positioned along US-1 / South Dixie Freeway, the property benefits from strong daily traffic counts and connectivity to surrounding business districts, downtown New Smyrna Beach, and regional highways. Utilities including gas, water, sewer, and electric are in place. The property is located minutes from the beach, I-95, and the growing commercial corridor. The building has 5,500± SF of commercial flex/showroom space and benefits from strong road frontage. Funding for exterior renovations is available through the local CRA through a matching grant.
Key Highlights
- Prime location on heavily traveled US‑1 in New Smyrna Beach with excellent visibility and accessibility.
- Versatile 6,700± SF flex/showroom building suitable for showroom, retail, office, warehouse, or light industrial operations.
- Mixed‑Use (MU) zoning allowing for a broad range of permitted uses and redevelopment potential.
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
$100,400
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
7.17%
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%
$2,008,000
$2.0M
Cap Rate 7%
$1,434,286
$1.4M
Cap Rate 9%
$1,115,556
$1.1M
Market Conditions
NOI Build-Up for 6,700 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
$144.7K $21.60/SF
− Vacancy
−$10.9K −$1.62/SF
EGI
$133.9K $19.98/SF
− OpEx
−$33.5K −$5.00/SF
NOI
$100.4K $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%
$2,008,000
Cap Rate 7%
$1,434,286
Cap Rate 9%
$1,115,556
Alternative Uses
Best Use
Office B
$1.43M
$1.26M – $1.67M
NOI $100,400 @ 7.0% cap · market cap 7.17%
Second Best
Mixed Use
$1.18M
$1.03M – $1.38M
NOI $82,762 @ 7.0% cap · market cap 5.91%
Theoretical Best
Office A
$1.98M
$1.73M – $2.30M
NOI $138,288 @ 7.0% cap · market cap 9.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,327
Businesses Nearby
Explore this area
Business Placement
Demographics for 32168, FL
30,058
Population
16,439
Households
1.8
Avg Household Size
54
Median Age
31%
College-Educated
93%
High-School Grad
153.9 sq mi
ZIP Area
195
Density / Sq Mi
$72,967
Median Household Income
$41,076
Median Earnings
$1,608
Median Rent
$310,200
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 - Versatile commercial property on US-1 in New Smyrna Beach.
Where is this mixed-use property located?
The property is located at 225 S DIXIE FREEWAY New Smyrna Beach, FL.
What is the asking price?
The asking price for this property is $1,399,999.
What are key features of this property?
This property features: Prime location on heavily traveled US‑1 in New Smyrna Beach with **excellent visibility and accessibility**.; Versatile 6,700± SF flex/showroom building suitable for showroom, retail, office, warehouse, or light industrial operations.; Mixed‑Use (MU) zoning allowing for a broad range of permitted uses and redevelopment potential.
