Remodeled Mixed-Use Income
For Sale
Contact for pricing
801 Canal Street, New Smyrna Beach, FL 32168
Remodeled mixed-use asset with independent units and current short-term rental income, positioned between US-1 and the Intracoastal.
Property Size2,942 SF
Lot Size0.79 Acres
Price / SF$338.21
Days on Market63
Property Features for 801 Canal Street
General Information
Standard status
Active
Size
2,942 SF
Lot size
0.79 Acres
Property subtype
Mixed Use, Hospitality, Office, Retail, Land
Additional Details
Business Included
Yes
Building Details
Year Built
1948
Listing Agency:
Collado Real Estate
(386) 401-8008
Listed By:
Ignacio Barsottelli · License #269505057
Source:
Crexi
Added: Jun 6
Changed: Jul 10
Last Checked: Aug 6 at 12:28PM
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 Collado Real Estate
Investment Insights
Based on property information with market context.
This fully remodeled mixed-use property offers flexible, independent unit configurations designed for a range of operations. The interior includes turnkey functionality and high-end finishes with attractive décor throughout, supporting uses such as boutique bed & breakfast, executive offices, medical or wellness practice, short-term rentals, an art gallery, café, retail showroom, co-working concept, or professional headquarters. The generous layout also supports multiple private-use areas, offering a practical blend of residential-style comfort and commercial-ready space.
Set on approximately 0.79 acres between US-1 and the Intracoastal Waterway, the property benefits from a highly visible, accessible site with walkable proximity to Historic Canal Street, Flagler Avenue, and Riverside Drive. It is also close to shopping, dining, and marinas, with only minutes to the beach.
For buyers and operators, the current setup can support an income-producing short-term rental program while providing an alternative path for live/work or hospitality concepts, retail, office, or wellness use depending on your business plan. The owner indicates the property is currently generating over $130,000 annually in short-term rental income. Owner financing is available, and offers are encouraged.
Set on approximately 0.79 acres between US-1 and the Intracoastal Waterway, the property benefits from a highly visible, accessible site with walkable proximity to Historic Canal Street, Flagler Avenue, and Riverside Drive. It is also close to shopping, dining, and marinas, with only minutes to the beach.
For buyers and operators, the current setup can support an income-producing short-term rental program while providing an alternative path for live/work or hospitality concepts, retail, office, or wellness use depending on your business plan. The owner indicates the property is currently generating over $130,000 annually in short-term rental income. Owner financing is available, and offers are encouraged.
Key Highlights
- Remodeled mixed‑use property built in 1948 on approx. 0.79 acres in New Smyrna Beach.
- Between US‑1 and the Intracoastal Waterway, offering residential and commercial flexibility on one site.
- Currently generates over $130,000 annually in short‑term rental income.
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
$44,086
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
4.43%
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%
$881,720
$881.7K
Cap Rate 7%
$629,800
$629.8K
Cap Rate 9%
$489,844
$489.8K
Market Conditions
NOI Build-Up for 2,942 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
$63.5K $21.60/SF
− Vacancy
−$4.8K −$1.62/SF
EGI
$58.8K $19.98/SF
− OpEx
−$14.7K −$5.00/SF
NOI
$44.1K $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%
$881,720
Cap Rate 7%
$629,800
Cap Rate 9%
$489,844
Alternative Uses
Best Use
Office B
$629.8K
$551.1K – $734.8K
NOI $44,086 @ 7.0% cap · market cap 4.43%
Second Best
Apartment 5plus
$320.3K
$280.2K – $373.6K
NOI $22,418 @ 7.0% cap · market cap 2.25%
Theoretical Best
Office A
$867.5K
$759.0K – $1.01M
NOI $60,723 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,526
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32168, FL
30,058
Population
16,439
Households
1.8
Avg Household Size
54
Median Age
31%
College-Educated
93%
High-School Grad
153.9 sq mi
ZIP Area
195
Density / Sq Mi
$72,967
Median Household Income
$41,076
Median Earnings
$1,608
Median Rent
$310,200
Median Home Value
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Bed & breakfast - Remodeled mixed-use asset with independent units and current short-term rental income, positioned between US-1 and the Intracoastal.
Where is this bed & breakfast located?
The property is located at 801 Canal Street New Smyrna Beach, FL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Remodeled mixed‑use property built in 1948 on approx. 0.79 acres in New Smyrna Beach.; Between US‑1 and the Intracoastal Waterway, offering residential and commercial flexibility on one site.; Currently generates over $130,000 annually in short‑term rental income.
