400 CANAL STREET New Smyrna Beach, FL 32168
Commercial Sale, Other - NEW SMYRNA BEACH, FL
Property Features for 400 CANAL STREET
General Information
- Property type
- Commercial Sale
- Property subtype
- Mixed Use
- Interior features
- Elevator
- Accessibility
- Accessible Elevator Installed
- Standard status
- Active
- APN
- 7441-38-20-2410
- Size
- 5,400 SF
- Lot size
- 0.07 Acres
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1918
- Floors in Building
- 2
- Roof type
- Membrane
- Architectural style
- Other
Listing agent Garat Oates (321) 271-0042
Listing office Engel & Völkers New Smyrna Beach 101 Canal St, New Smyrna Beach, FL (386) 213-6899
Listing date Feb 2, 2026
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The building is situated as a corner location at Canal & Palmetto in downtown New Smyrna Beach, positioned within the active restaurant and retail scene.
The space is being marketed for sale or lease, and the owner indicates interest in a restaurant/bar concept for the premises, while remaining open to other options.
Key Highlights
- Prime corner location in the heart of downtown New Smyrna Beach.
- Substantial square footage: 5,600 Sq. Ft. with an additional 2,800 Sq. Ft. rooftop.
- Solid block construction with high ceilings and elevator.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $118.6k | $21.96 |
| − Vacancy | −$9.2k | −$1.71 |
| EGI | $109.3k | $20.25 |
| − OpEx | −$27.3k | −$5.06 |
| NOI | $82.0k | $15.19 |
Alternative Uses
Property Analytics
Current Use by Public Records
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