Freestanding Flex Space with M-1
For Sale
$395,000
535 Ballough Road, Daytona Beach, FL 32114
Commercial Sale, Daytona Beach, FL
Property Size1,500 SF
Lot Size0.15 Acres
Price / SF$263.33
Days on Market96
Property Features for 535 Ballough Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking features
Parking Lot
Fencing
Chain Link
Lot features
Zero Lot Line
Directions
From US Highway 1, head east on Fairview Road to Ballough Road. Then, go north on Ballough Road to 535 Ballough on the east side of the road.
Subdivision
34 - Daytona ISB to Mason, E of 95
Standard status
Active
APN
5338-18-03-0100
Size
1,500 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
38-15-33 LOT 10 BLK 3 ORANGE ISLAND PARK DAYTONA MB 5 PG 20 MB 22 PG 41 OF COLEMANS DAYTONA MB 1 PG 155 MB 12 PG 33 PER OR 2674 PG 1916
Tax Annual Amount
1189
Legal Description
38-15-33 LOT 10 BLK 3 ORANGE ISLAND PARK DAYTONA MB 5 PG 20 MB 22 PG 41 OF COLEMANS DAYTONA MB 1 PG 155 MB 12 PG 33 PER OR 2674 PG 1916
Building Details
Year built
1972
Floors in Building
1
Flooring type
Vinyl
Building materials
Steel Siding
Listing Agency:
Adams, Cameron & Co., Realtors
(386) 258-5500
Listed By:
Richard McNerney
(386) 679-5037
Added: Jul 27
Changed: Oct 2
Last Checked: Oct 30 at 12:06PM
MLS# 1229095
Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This freestanding flex space contains approximately 1,500 square feet in a 1972 steel-sided building with vinyl flooring, a bathroom, chain-link fencing, and a paved parking lot. The property is configured for adaptable commercial use rather than a single specialized format.
M-1 zoning supports contractor, service, marine, automotive, office, research and development, and light industrial applications. The site lies within the Ballough Road Redevelopment District, between Downtown Daytona Beach and the Halifax River, providing a central Daytona Beach setting with access to an area designated for commercial and industrial reinvestment.
M-1 zoning supports contractor, service, marine, automotive, office, research and development, and light industrial applications. The site lies within the Ballough Road Redevelopment District, between Downtown Daytona Beach and the Halifax River, providing a central Daytona Beach setting with access to an area designated for commercial and industrial reinvestment.
Key Highlights
- Approximately 1,500 square feet of freestanding commercial building area
- 0.15‑acre site in the Ballough Road Redevelopment District
- M‑1 zoning supports contractor, service, marine, automotive, office, R&D, and light industrial uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,915
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,047
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Freestanding commercial space with paved parking, steel siding, and flexible M-1 zoning for varied business 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: Approximately 1,500 square feet of freestanding commercial building area; 0.15‑acre site in the Ballough Road Redevelopment District; M‑1 zoning supports contractor, service, marine, automotive, office, R&D, and light industrial uses
