Freestanding Flex Space
For Sale
Contact for pricing
535 Ballough Road, Daytona Beach, FL 32114
M-1 zoning supports service, office, marine, automotive, and light industrial uses.
Property Size1,500 SF
Price / SF$263.33
Days on Market19
Property Features for 535 Ballough Road
General Information
Standard status
Active
Size
1,500 SF
Total Parking Spaces
4
Property subtype
Retail, Industrial, Mixed Use
Zoning
M-1
Investment Type
Owner/User
Additional Details
Asking Price
$395,000
Building Details
Year Built
1972
Buildings
1
Tenancy
Single
Building Size
1,500 SF
Listing Agency:
Adams Cameron & Co Daytona Beach
Listed By:
Dick McNerney · License #BK3264881
Source:
Crexi
Added: Jul 27
Changed: Aug 10
Last Checked: Aug 13 at 3:52PM
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 Adams Cameron & Co Daytona Beach
Investment Insights
Based on property information with market context.
This freestanding flex space building contains approximately 1,500 SF and dates to 1972. The property includes paved parking and is configured for adaptable commercial use. M-1 zoning supports contractor, service, marine, automotive, office, research and development, and light industrial activities.
The building is located within the Ballough Road Redevelopment District, a City-supported revitalization corridor focused on reinvestment, adaptive reuse, and expanded commercial activity. Its setting places the property minutes from Downtown Daytona and the Halifax River, with the district accommodating a range of commercial, industrial, marine, and service uses.
The building is located within the Ballough Road Redevelopment District, a City-supported revitalization corridor focused on reinvestment, adaptive reuse, and expanded commercial activity. Its setting places the property minutes from Downtown Daytona and the Halifax River, with the district accommodating a range of commercial, industrial, marine, and service uses.
Key Highlights
- Freestanding ±1,500 SF commercial building
- M‑1 zoning permits contractor, service, marine, automotive, office, R&D, and light industrial uses
- 1972 construction
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
$16,915
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
4.28%
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%
$338,300
$338.3K
Cap Rate 7%
$241,643
$241.6K
Cap Rate 9%
$187,944
$187.9K
Market Conditions
NOI Build-Up for 1,500 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
$28.4K $18.96/SF
− Vacancy
−$2.4K −$1.61/SF
EGI
$26.0K $17.35/SF
− OpEx
−$9.1K −$6.07/SF
NOI
$16.9K $11.28/SF
Area
Volusia County, FL
Vacancy
8.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
35.00%
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%
$338,300
Cap Rate 7%
$241,643
Cap Rate 9%
$187,944
Alternative Uses
Best Use
Flex RnD
$241.6K
$211.4K – $281.9K
NOI $16,915 @ 7.0% cap · market cap 4.28%
Second Best
Industrial
$127.6K
$111.6K – $148.8K
NOI $8,930 @ 7.0% cap · market cap 2.26%
Theoretical Best
Office A
$442.3K
$387.0K – $516.0K
NOI $30,960 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
911
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32114, FL
34,943
Population
17,118
Households
2
Avg Household Size
33
Median Age
19%
College-Educated
89%
High-School Grad
16.0 sq mi
ZIP Area
2,184
Density / Sq Mi
$39,906
Median Household Income
$31,220
Median Earnings
$1,171
Median Rent
$174,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - M-1 zoning supports service, office, marine, automotive, and light industrial uses.
Where is this flex space located?
The property is located at 535 Ballough Road Daytona Beach, FL.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Freestanding ±1,500 SF commercial building; M‑1 zoning permits contractor, service, marine, automotive, office, R&D, and light industrial uses; 1972 construction
