Mixed-Use Property with Motel
For Sale
Contact for pricing
2520 North Dixie Freeway, New Smyrna Beach, FL 32168
Two freestanding masonry buildings combine a bar venue, seven occupied motel units, storage, and a quota liquor license.
Property Size6,140 SF
Lot Size0.39 Acres
Price / SF$405.54
Days on Market9
Property Features for 2520 North Dixie Freeway
General Information
Standard status
Active
Size
6,140 SF
Lot size
0.39 Acres
Property subtype
Retail, Hospitality, Mixed Use
Additional Details
Pylon Signage
Yes
Liquor License
Yes
Building Details
Buildings
2
Construction
concrete/masonry
Listing Agency:
Coldwell Banker/BR
Listed By:
Irene Marshall · License #3007173
Source:
Crexi
Added: Sep 5
Changed: Sep 9
Last Checked: Sep 12 at 5:46AM
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/BR
Investment Insights
Based on property information with market context.
This mixed-use property consists of two freestanding concrete and masonry buildings totaling 6,140 square feet on a 16,900-square-foot commercial lot, or 0.39 acres. The 3,336-square-foot bar and tavern building includes a 2,904-square-foot primary business area and an open floor plan. A separate 2,804-square-foot structure contains seven occupied motel units and storage space. Extensive asphalt parking and a highway pole sign are also included.
The property is located at 2520 North Dixie Freeway in New Smyrna Beach, directly along the US-1 corridor, also identified as N Dixie Freeway. The package includes a Volusia County 4COP quota liquor license permitting on-premise pouring and package retail operations. The bar, multi-unit motel, and pole sign are described as having grandfathered non-conforming status under recent local zoning changes.
The property is located at 2520 North Dixie Freeway in New Smyrna Beach, directly along the US-1 corridor, also identified as N Dixie Freeway. The package includes a Volusia County 4COP quota liquor license permitting on-premise pouring and package retail operations. The bar, multi-unit motel, and pole sign are described as having grandfathered non-conforming status under recent local zoning changes.
Key Highlights
- 6,140 total building square feet across two freestanding concrete and masonry structures
- 7 occupied motel units plus storage in a separate 2,804‑square‑foot building
- 3,336‑square‑foot bar and tavern building with a 2,904‑square‑foot primary business area
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
$93,238
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
3.74%
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%
$1,864,760
$1.9M
Cap Rate 7%
$1,331,971
$1.3M
Cap Rate 9%
$1,035,978
$1.0M
Market Conditions
NOI Build-Up for 6,140 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
$134.8K $21.96/SF
− Vacancy
−$10.5K −$1.71/SF
EGI
$124.3K $20.25/SF
− OpEx
−$31.1K −$5.06/SF
NOI
$93.2K $15.19/SF
Area
Volusia County, FL
Vacancy
7.80%
Lease Rate
$21.96 /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%
$1,864,760
Cap Rate 7%
$1,331,971
Cap Rate 9%
$1,035,978
Alternative Uses
Best Use
Specialty Retail
$1.33M
$1.17M – $1.55M
NOI $93,238 @ 7.0% cap · market cap 3.74%
Second Best
Mixed Use
$1.08M
$948.1K – $1.26M
NOI $75,844 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$1.81M
$1.58M – $2.11M
NOI $126,730 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
108
Businesses Nearby
9k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 87%
Dining 13%
Mobil
Shops & Services
5,736 visits/mo
0.1 miles
Enterprise Rent-A-Car
Shops & Services
2,011 visits/mo
0.1 miles
Valentino's
Dining
1,149 visits/mo
0.1 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail 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 - Two freestanding masonry buildings combine a bar venue, seven occupied motel units, storage, and a quota liquor license.
Where is this mixed-use property located?
The property is located at 2520 North Dixie Freeway New Smyrna Beach, FL.
What is the asking price?
The asking price for this property is $2,490,000.
What are key features of this property?
This property features: 6,140 total building square feet across two freestanding concrete and masonry structures; 7 occupied motel units plus storage in a separate 2,804‑square‑foot building; 3,336‑square‑foot bar and tavern building with a 2,904‑square‑foot primary business area
