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    510 Ballough Rd Daytona Beach, FL 32114

    For Sale
    $4,950,000

    Prime location, redevelopment opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional investment opportunity encompasses seven parcels totaling $4,950,000, strategically located in Daytona Beach, Florida's vibrant Daytona Design District, adjacent to Beach Street. Two parcels feature existing buildings, classified as warehouse and executive office space, while the remaining five are vacant land, presenting significant development potential. The property is being sold "as is" and offers a unique chance to capitalize on the ongoing transformation of this area. Situated within the Downtown Ballough Road Redevelopment Area Plan, this assemblage is eligible for city grant opportunities, further enhancing its investment appeal. The combined property includes parcel IDs: 533842000070, 533825010070, 533825030050, 533825030070, 533842000150, 533842000140, and 533842000130. This presents a rare chance to acquire a substantial land holding in a rapidly developing area, ideal for both short-term and long-term investment strategies. The property's mixed-use zoning allows for diverse development options, catering to a wide range of commercial and potentially residential uses. The 1947-built structures on two of the parcels offer immediate income potential or redevelopment opportunities. This assemblage is perfect for developers, investors, or businesses seeking a strategic foothold in a rapidly growing Florida market. All seven parcels are being sold together. The property is located at 510 Ballough Road, Daytona Beach, FL 32114.

    Property Features for 510 Ballough Rd

    General Information

    Property type
    Distribution properties

    Building Details

    Year Built
    1947
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Daytona Fun Rentals Golf Cart Dealer

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.0228061
    Latitude
    29.2219467

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    FAQs

    What type of property is this?
    Distribution property - Prime location, redevelopment opportunity.
    Where is this distribution property located?
    The property is located at 510 Ballough Rd Daytona Beach, FL.
    What is the asking price?
    The asking price for this property is $4,950,000.
    Request Owner's contact information
    510 Ballough Rd Daytona Beach, FL 32114
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    Daytona Beach, FL 32114
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    510 Ballough Rd Daytona Beach, FL 32114
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