Office Building with Private
For Sale
$345,000
555 Ballough Road, Daytona Beach, FL 32114
COMMERCIAL - Daytona Beach, FL
Property Size1,721 SF
Lot Size0.11 Acres
Price / SF$200.46
Days on Market224
Property Features for 555 Ballough Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Off Street
Subdivision
Orange Island
Directions
North on US 1 Turn East on Fairview to North on Ballough. The building is on the right hand side before Anita Ave.
Standard status
Active
APN
5338-18-03-0210
Size
1,721 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
38-15-33 LOT 21 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 4260 PG 2684 PER OR 5836 PG 1218 PER OR 6730 PGS 1738-1739 PER OR 8125 PG 4357 PER OR 8404 PG 2762 PER OR 8665 PG 3829
Tax Annual Amount
2151
Legal Description
38-15-33 LOT 21 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 4260 PG 2684 PER OR 5836 PG 1218 PER OR 6730 PGS 1738-1739 PER OR 8125 PG 4357 PER OR 8404 PG 2762 PER OR 8665 PG 3829
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1964
Flooring type
Carpet, Tile
Building materials
Block
Roof type
Shingle
Listing Agency:
Coldwell Banker Coast Realty · Coldwell Banker Real Estate
(386) 275-1000
Listed By:
Tom S Grasberger · License #3323835
(386) 843-4346
Added: Jan 5
Changed: Aug 4
Last Checked: Aug 17 at 12:06PM
MLS# 1221351
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.
Investment Insights
Based on property information with market context.
This 1,721-square-foot office building occupies a 0.11-acre site and was built in 1964 with solid block construction. The layout can accommodate up to five private offices and includes a reception area, full bathroom, kitchen, stackable washer and dryer, and tankless water heater. Recent improvements include a newer shingle roof, updated windows, and updated HVAC. Carpet and tile flooring, central heating, central air, public water, and public sewer are also in place, with off-street parking at the rear.
The property is located at 555 Ballough Road in Daytona Beach, within the Ballough Redevelopment Zone, and sits 2/10 mile from I-400 North. Nearby context includes a new 6-story residential community, Brown & Brown's headquarters, and the Riverfront Esplanade. The site is also close to three bridges, Main Street, International Speedway Boulevard, and Seabreeze, with access to both beachside and mainland areas. An adjacent building is currently for sale and may be acquired alongside this property.
The property is located at 555 Ballough Road in Daytona Beach, within the Ballough Redevelopment Zone, and sits 2/10 mile from I-400 North. Nearby context includes a new 6-story residential community, Brown & Brown's headquarters, and the Riverfront Esplanade. The site is also close to three bridges, Main Street, International Speedway Boulevard, and Seabreeze, with access to both beachside and mainland areas. An adjacent building is currently for sale and may be acquired alongside this property.
Key Highlights
- 1,721‑square‑foot office building on a 0.11‑acre site
- Layout supports up to five private offices plus reception area
- Updated roof, windows, and HVAC
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
$25,789
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
7.48%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
911
Businesses Nearby
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Updated block construction property with flexible professional-office layout, reception area, kitchen, bathroom, and rear parking.
Where is this office building located?
The property is located at 555 Ballough Road 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: 1,721‑square‑foot office building on a 0.11‑acre site; Layout supports up to five private offices plus reception area; Updated roof, windows, and HVAC
