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 Market775
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
(386) 237-4444
Listed By:
Terry Sitaram · License #3092297
Source:
Crexi
Added: Jul 17, 2024
Changed: Aug 8
Last Checked: Aug 30 at 3:20PM
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 = 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
$26,808
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
7.66%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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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.
