Technical
Financial
Distress signals
Property profile

245 Causeway New Smyrna Beach, FL 32169

OFF-MARKET
Specialty properties
Built 1991
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional medical center office building, located at 245 N Causeway in New Smyrna Beach, Florida, is offered at $1,899,000. Built in 1991, this special purpose property boasts a prime location on the bustling North Causeway, providing high visibility and easy access from the beaches to the mainland. The building's versatile interior is designed to accommodate two doctors, featuring six exam rooms, five bathrooms, two storage rooms, two private offices, reception and waiting areas, both private and public restrooms, a break kitchen, and a conference room. Two private, deep garages are also included. The low-maintenance concrete/rebar structure is enhanced by a newly installed roof and gutters (2022), luxurious vinyl flooring, and sturdy support beams allowing for flexible wall arrangements. The building benefits from ample natural lighting and abundant outdoor parking. Situated in a vibrant business district between Canal Street Commerce and Flagler Avenue's hotel, tourism, and entertainment offerings, this property enjoys a high-traffic location. Importantly, the building remained undamaged by flooding during the 2022 storms. The lot size is 0 sq ft. This is a unique opportunity to acquire a well-maintained, strategically located medical office building in a thriving Florida community.

Property profile

Verified
Property type Specialty properties
Year built 1991

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Pediatrician Physician
  • Pediatrician Physician
  • Physician
  • Pediatrician Physician
  • Physician

Location

245 Causeway New Smyrna Beach, FL 32169
New Smyrna Beach metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 245 Causeway?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message