Updated Office Building in
For Sale
$345,000
555 Ballough Rd, Daytona Beach, FL 32114
Turnkey office building in a high-demand, redeveloping area.
Property Size1,721 SF
Price / SF$200.46
Days on Market190
Property Features for 555 Ballough Rd
General Information
Standard status
Active
Size
1,721 SF
Building Details
Year Built
1964
Listing Agency:
COLDWELL BANKER COAST REALTY
Listed By:
Tom Grasberger · License #3323835
(386) 843-4346
Source:
Livewelltampabay
Added: Apr 24
Changed: Oct 26
Last Checked: Oct 7 at 1:08PM
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 COAST REALTY
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,721 square foot commercial building is suitable for a small business or professional office. The solid block construction features a newer roof, updated windows, and HVAC. The interior includes up to five private offices, a reception area, a full bathroom, a kitchen, a stackable washer and dryer, and a tankless water heater. Rear parking is available. Located in a central, high-demand area within the Ballough Redevelopment Zone, the property qualifies for business incentives such as grants, zero-interest loans, tenant build-out and lease subsidies, and up to $50,000 in forgivable loans for commercial upgrades. The site is located 2/10 mile from I-400 North and is surrounded by major redevelopment, including a new 6-story residential community with apartments and amenities, Brown & Brown's headquarters, and the Riverfront Esplanade. It is near three bridges, Main Street, International Speedway Boulevard, and Seabreeze, providing access to beachside and mainland areas. The adjacent building is also for sale, creating an opportunity for expansion or a multi-building business campus in a rapidly evolving corridor. The property has a bike score of 62, a walk score of 64, and a transit score of 43.
Key Highlights
- Located in the Ballough Redevelopment Zone, qualifying for significant business incentives.
- Updated with newer roof, windows, and HVAC for efficiency and peace of mind.
- Turnkey functionality with five private offices, reception area, full bathroom, kitchen, and laundry.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,789
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$515,780
$515.8K
Cap Rate 7%
$368,414
$368.4K
Cap Rate 9%
$286,544
$286.5K
Market Conditions
NOI Build-Up for 1,721 SF
Gross rent
$37.2K $21.60/SF
− Vacancy
−$2.8K −$1.62/SF
EGI
$34.4K $19.98/SF
− OpEx
−$8.6K −$5.00/SF
NOI
$25.8K $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 Rate 5%
$515,780
Cap Rate 7%
$368,414
Cap Rate 9%
$286,544
Alternative Uses
Best Use
Office B
$368.4K
$322.4K – $429.8K
NOI $25,789 @ 7.0% cap · market cap 7.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$507.4K
$444.0K – $592.0K
NOI $35,521 @ 7.0% cap · market cap 10.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
911
Businesses Nearby
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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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Turnkey office building in a high-demand, redeveloping area.
Where is this office unit located?
The property is located at 555 Ballough Rd Daytona Beach, FL.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Located in the Ballough Redevelopment Zone, qualifying for significant business incentives.; Updated with newer roof, windows, and HVAC for efficiency and peace of mind.; Turnkey functionality with five private offices, reception area, full bathroom, kitchen, and laundry.
