New Smyrna Beach Investment
For Sale
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102 N Pine Street, New Smyrna Beach, FL 32169
Leasable space in thriving coastal community with high visibility.
Property Size2,614 SF
Price / SF$411.25
Days on Market1006
Property Features for 102 N Pine Street
General Information
Standard status
Active
Size
2,614 SF
Property subtype
Retail, Land, Mixed Use, Multifamily
Building Details
Year Built
2010
Listing Agency:
Beycome Brokerage Realty LLC
(844) 239-2663
Listed By:
Herve Barbera · License #REB.0018814
Source:
Crexi
Added: Nov 7, 2023
Changed: Aug 8
Last Checked: Jul 15 at 9:59PM
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 Beycome Brokerage Realty LLC
Investment Insights
Based on property information with market context.
Located at 102 N. Pine St, New Smyrna Beach, FL 32169, this property offers a prime investment opportunity. The property features 2247 square feet of leasable space. It benefits from high visibility and a daily traffic count exceeding 10,000 vehicles. Situated in an area with an average home value of $3 million, this Class A+ real estate presents strong income potential due to low vacancy rates. This property represents a strategic asset in a dynamic coastal community, offering growth opportunities.
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
$32,289
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
3.00%
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%
$645,780
$645.8K
Cap Rate 7%
$461,271
$461.3K
Cap Rate 9%
$358,767
$358.8K
Market Conditions
NOI Build-Up for 2,614 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
$56.5K $21.60/SF
− Vacancy
−$4.8K −$1.84/SF
EGI
$51.7K $19.76/SF
− OpEx
−$19.4K −$7.41/SF
NOI
$32.3K $12.35/SF
Area
Volusia County, FL
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$645,780
Cap Rate 7%
$461,271
Cap Rate 9%
$358,767
Alternative Uses
Best Use
Mixed Use
$461.3K
$403.6K – $538.2K
NOI $32,289 @ 7.0% cap · market cap 3.00%
Second Best
Retail
$351.7K
$307.8K – $410.3K
NOI $24,620 @ 7.0% cap · market cap 2.29%
Theoretical Best
Office A
$770.8K
$674.4K – $899.2K
NOI $53,953 @ 7.0% cap · market cap 5.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
550
Businesses Nearby
15k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 69%
Shops & Services 31%
SpringHill Suites New Smyrna Beach
Hotels & Casinos
5,968 visits/mo
0.4 miles
7-Eleven
Shops & Services
4,739 visits/mo
0.3 miles
Hampton Inn New Smyrna Beach
Hotels & Casinos
4,642 visits/mo
0.1 miles
Demographics for 32169, FL
10,621
Population
12,339
Households
0.9
Avg Household Size
63
Median Age
49%
College-Educated
98%
High-School Grad
16.2 sq mi
ZIP Area
656
Density / Sq Mi
$99,260
Median Household Income
$65,500
Median Earnings
$1,754
Median Rent
$485,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Leasable space in thriving coastal community with high visibility.
Where is this mixed-use property located?
The property is located at 102 N Pine Street New Smyrna Beach, FL.
What is the asking price?
The asking price for this property is $1,075,000.
