Daytona Beach Office
For Sale
Contact for pricing
585 Ballough Rd, Daytona Beach, FL 32114
Professional office building near downtown Daytona Beach with ample storage.
Property Size1,789 SF
Price / SF$195.64
Days on Market821
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Property Features for 585 Ballough Rd
General Information
Standard status
Active
Size
1,789 SF
Class
C
Total Parking Spaces
4
Property subtype
Hospitality, Mixed Use, Office, Retail
Zoning
Mixed use,Commercial
Lease Type
NNN
Investment Type
Value Add
Building Details
Year Built
1954
Year Renovated
2023
Buildings
1
Stories
1
Units
1
Listing Agency:
Realty Pros Commercial Division
Listed By:
Terry Sitaram · License #3092297
(386) 237-4444
Source:
Crexi
Added: Jul 17, 2024
Changed: Oct 3
Last Checked: Oct 14 at 11:30PM
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
Investment Insights
Based on property information with market context.
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.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,808
Cap Rate
7.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$536,160
$536.2K
Cap Rate 7%
$382,971
$383.0K
Cap Rate 9%
$297,867
$297.9K
Market Conditions
NOI Build-Up for 1,789 SF
Gross rent
$38.6K $21.60/SF
− Vacancy
−$2.9K −$1.62/SF
EGI
$35.7K $19.98/SF
− OpEx
−$8.9K −$5.00/SF
NOI
$26.8K $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 Rate 5%
$536,160
Cap Rate 7%
$382,971
Cap Rate 9%
$297,867
Alternative Uses
Best Use
Office B
$383.0K
$335.1K – $446.8K
NOI $26,808 @ 7.0% cap · market cap 7.66%
Second Best
—
—
no second resolved use
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 authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
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.
