585 Ballough Rd Daytona Beach, FL 32114
Professional office building near downtown Daytona Beach with ample storage.
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 office Realty Pros Commercial Division (386) 237-4444
Listing date Jul 17, 2024
Source Crexi
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Investment Insights
Based on property information with market context.
Key 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.
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 |
