Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    616 N Dixie Fwy New Smyrna Beach, FL 32168

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Renovated historic building on a high-traffic commercial corridor.

    Property size:
    1,006 SF
    Lot size:
    0.09 Acres

    Property Features for 616 N Dixie Fwy

    General Information

    Standard status
    Active
    Size
    1,006 SF
    Lot size
    0.09 Acres

    Building Details

    Year built
    1925

    We can help!

    Listing Contact
    Amy Geller
    Source: Corcoran

    Listing Agency: MG REAL ESTATE GROUP Listing Agent: Amy Geller

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Historic Building on North Dixie

    Located on North Dixie Freeway, this highly visible building features a historic architectural style. The property, formerly a home, has been rezoned for commercial use and recently renovated. Updates include electric, plumbing, a new metal roof, windows, HVAC, insulation, refinished original hardwood flooring, and fresh interior and exterior paint. A recent termite treatment bond is in place. The building is tenant-occupied under a 5-year n/n/n lease. The property size is 1,006 square feet.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Law Firm Real Estate Agency Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Pharmacy Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Smyrna Beach
    County
    Volusia
    State
    Florida
    Longitude
    -80.929617
    Latitude
    29.0316432

    Nearby Similar for Sale

    • $1,200,000
      1,758 SF

      Downtown New Smyrna Beach Opportunity

      Versatile commercial property in high-traffic downtown location with potential drive-thru.
      109 Causeway Dr N, New Smyrna Beach, FL 32169
      View Details
    • New
      $1,190,000
      3,260 SF

      New Smyrna Beach Mixed-Use Property

      Prime commercial property in historic New Smyrna Beach, Florida.
      401 Mary Ave, New Smyrna Beach, FL 32168
      View Details
    • $965,000
      1,216 SF

      Retail Space Near Beach

      Prime retail space in New Smyrna Beach tourist district.
      415 Flagler Ave, New Smyrna Beach, FL 32169
      View Details
    • $399,000
      988 SF

      New Smyrna Beach Multi-Use Property

      Versatile property in New Smyrna Historic District with residential and commercial features.
      607 N Dixie Fwy, New Smyrna Beach, FL 32168
      View Details
    • $1,625,000
      6,102 SF

      Downtown New Smyrna Beach Office

      Multi-purpose commercial office building in the heart of downtown.
      205 Magnolia St, New Smyrna Beach, FL 32168
      View Details
    • $2,800,000
      5,400 SF

      Downtown Corner Location Opportunity

      Prime commercial space in the heart of New Smyrna Beach.
      400 Canal St, New Smyrna Beach, FL 32168
      View Details
    • $1,299,000
      3,196 SF

      Historic Building in New Smyrna Beach

      Unique 1934 building suitable for wine bar, deli, or restaurant.
      208 Magnolia St, New Smyrna Beach, FL 32168
      View Details
    • $726,530
      2,070 SF

      Equestrian Estate Near the Coast

      10-acre equestrian property near New Smyrna Beach.
      3834 Pioneer Trl, New Smyrna Beach, FL 32168
      View Details
    • $1,200,000
      0.64 Acres

      Downtown Commercial Property with Drive-Thru

      Versatile commercial property in downtown New Smyrna Beach.
      109 Causeway Dr N, New Smyrna Beach, FL 32169
      View Details
    • $849,000
      2,268 SF

      Mixed-Use Historic Property Near Canal Street

      Versatile property near Canal Street with commercial/residential zoning.
      200 Live Oak St, New Smyrna Beach, FL 32168
      View Details
    • $1,299,000
      0.22 Acres

      Historic Building in Thriving Community

      Unique 1934 building suitable for various businesses near Canal Street.
      208 Magnolia St, New Smyrna Beach, FL 32168
      View Details
    • New
      $429,000
      2,062 SF

      Versatile Duplex Near Canal Street

      Move-in ready duplex on a triple lot with rental income potential.
      714 Downing St, New Smyrna Beach, FL 32168
      View Details

    FAQs

    What type of property is this?
    Storefront property - Renovated historic building on a high-traffic commercial corridor.
    Where is this storefront property located?
    The property is located at 616 N Dixie Fwy New Smyrna Beach, FL.
    What are key features of this property?
    This property features: - Rezoned as commercial property, offering business opportunities.; - Located on highly trafficked North Dixie Freeway, providing high visibility.; - Recently renovated with updated electric, plumbing, new metal roof, windows, HVAC, insulation, and fresh paint.
    (386) 314-9502
    Request Owner's contact information
    616 N Dixie Fwy New Smyrna Beach, FL 32168
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    616 N Dixie Fwy
    New Smyrna Beach, FL 32168
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    616 N Dixie Fwy New Smyrna Beach, FL 32168
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Amy Geller
    (386) 314-9502
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!