DeBary Mixed-Use Development
567 Charles R Beall Blvd S Debary, FL 32713
567 Charles R Beall Blvd S, Debary, FL, 32713
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For Sale
Contact for pricing
New mixed-use development with retail, restaurants, and apartments.
Property Size36,500 SF
Price / SF$128.77
Days on Market692
Property Features for 567 Charles R Beall Blvd S
General Information
- Standard status
- Active
- Size
- 36,500 SF
- Property subtype
- Mixed Use, Retail
Listing Agency
Cushman & Wakefield - Orlando, Florida
Listed by
Sean Glickman,CCIM · License #SL3159726
Source
Crexi
Added: Aug 24, 2024 Checked: Jul 15 at 10:40 pm
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 Cushman & Wakefield - Orlando, Florida
Investment Insights
Based on property information with market context.
This mixed-use development project is located in downtown DeBary, in front of the Sun Rail Station. The project is planned as a live, work, and play destination with 333 new apartments, upscale retail and restaurants, and weekend entertainment. The city aims to create a destination for residents from all over Central Florida. Walking and bike trails will lead to the state park. A new Publix with multiple outparcels will be built directly across the street in 2025-2026. The apartments planned in two phases will create a captive audience for the retail component. Located directly on US Hwy 17-92 (Charles Ball Blvd), the property is within a short distance to I-4 and Hwy 417, and close to Interstate I-95. The city manager has a wait list of tenants eager to be a part of this project. Hundreds of newly built single-family and multifamily units have been built surrounding this project in the last 2 years. The city of DeBary attracts affluent retirees with its lakes and parks, St. John’s River, proximity to the beach and Sanford International Airport, and driving distance to downtown Orlando and Disney parks. The property features 36,500 square feet of upscale street retail and a freestanding restaurant facing a 2.5-acre lake. Two additional outparcels are available for purchase separately. The retail portion will be built by Mosaic Development in partnership with NDC Development as a part of the entire mixed-use project and delivered in a grey shell condition. US 17-92 sees 31,500 vehicles per day and 1-4 sees 130,000 vehicles per day.
Key Highlights
- Prime location in the new downtown DeBary mixed‑use development, directly in front of the Sun Rail Station.
- High visibility on US Hwy 17‑92 (31,500 vehicles per day) and convenient access to I‑4 (130,000 vehicles per day).
- 36,500 SF of upscale street retail space and a freestanding restaurant facing a 2.5‑acre lake.
Local Financial Insights For Retail
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 | $547.5k | $15.00 |
| − Vacancy | −$56.4k | −$1.55 |
| EGI | $491.1k | $13.46 |
| − OpEx | −$147.3k | −$4.04 |
| NOI | $343.8k | $9.42 |
36,500 SF · lease $15.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Mixed Use
$6.44M
$5.64M – $7.51M
NOI $450,866 @ 7.0% cap · market cap 9.59%
Second Best
Retail
$4.91M
$4.30M – $5.73M
NOI $343,775 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$10.76M
$9.42M – $12.56M
NOI $753,360 @ 7.0% cap · market cap 16.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - New mixed-use development with retail, restaurants, and apartments.
Where is this mixed-use property located?
The property is located at 567 Charles R Beall Blvd S Debary, FL.
What is the asking price?
The asking price for this property is $4,700,000.
What are key features of this property?
This property features: Prime location in the new downtown DeBary mixed‑use development, directly in front of the Sun Rail Station.; High visibility on US Hwy 17‑92 (31,500 vehicles per day) and convenient access to I‑4 (130,000 vehicles per day).; 36,500 SF of upscale street retail space and a freestanding restaurant facing a 2.5‑acre lake.
