Daytona Beach Office
585 Ballough Rd, Daytona Beach, FL 32114
Professional office building near downtown Daytona Beach with ample storage.
Type:Hospitality, Mixed Use, Office, Retail
Property size:
1,789 SFPrice / SF:
$195/SF- Added:
- Jul 17, 2024
- Days on Market:
- 684
- Last Refresh:
- May 12 at 9:14 pm
Property Features for 585 Ballough Rd
General Information
- Standard status
- Active
- Size
- 1,789 SF
- Property subtype
- Hospitality, Mixed Use, Office, Retail
Building Details
- Year Built
- 1954
Listing agent Terry Sitaram License #3092297
Listing office Realty Pros Commercial Division
Listing date Jul 17, 2024
Source Crexi
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 Realty Pros Commercial Division
HighLights
- Prime location near downtown Daytona Beach, Beach Street, Main Street, and the Halifax River.
- Professional office building featuring a reception area, private offices, two bathrooms, and ample storage.
- Located in the transforming Daytona Design District.
- New air conditioning, water heater, and updated roof.
- Building remained unaffected by last year's storms.
- Available for lease to purchase with owner financing.
Overview
This 1789 square-foot professional office building is located near downtown Daytona Beach, close to Beach Street, Main Street, and the Halifax River. The building remained unaffected by storms. The interior features a spacious reception area, several private offices, and two bathrooms. Ample storage space is available. Located in the Daytona Design District, which is connected to Downtown Beach Street, this property presents an opportunity to be part of the area's transformation. The property features new air conditioning, a water heater, and an updated roof. The property is also available for lease to purchase with owner financing.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.6k | $21.60 |
| − Vacancy | −$2.9k | −$1.62 |
| EGI | $35.7k | $19.98 |
| − OpEx | −$8.9k | −$5.00 |
| NOI | $26.8k | $14.99 |
1,789 SF · lease $21.60/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$383.0K
$335.1K – $446.8K
NOI $26,808 @ 7.0% cap · market cap 7.66%
Second Best
Retail
$240.7K
$210.6K – $280.8K
NOI $16,850 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$527.5K
$461.6K – $615.4K
NOI $36,925 @ 7.0% cap · market cap 10.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Ruppel Charles W
Law Firm
Location Insight
- Map
- Local Demand
- City
- Daytona Beach
- County
- Volusia
- State
- Florida
- Longitude
- -81.0224278
- Latitude
- 29.2237384
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Professional office building near downtown Daytona Beach with ample storage.
Where is this office building located?
The property is located at 585 Ballough Rd Daytona Beach, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Prime location near downtown Daytona Beach, Beach Street, Main Street, and the Halifax River.; Professional office building featuring a reception area, private offices, two bathrooms, and ample storage.; Located in the transforming Daytona Design District.
