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Property profile & analytics
OFF-MARKET
Specialty properties

245 Causeway New Smyrna Beach, FL 32169

Built 1991
Property ID
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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