Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Martin St New Smyrna Beach, FL 32168

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Martin St New Smyrna Beach, FL 32168

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Martin St

    Property type
    Land

    Description

    This exceptional 26,136 square foot lot presents a unique opportunity in the desirable New Smyrna Beach, Florida, area. Zoned for both commercial and residential use, this versatile property offers immense potential for a variety of development projects. Located at 0 Martin Street, in Volusia County, zip code 32168, the property boasts a tranquil setting, steps away from a local golf course. The lot's flat terrain simplifies construction, while mature trees provide natural shade and privacy. The asking price is $110,000. This prime location offers easy access to the vibrant amenities New Smyrna Beach is known for, creating a harmonious blend of peaceful living and convenient access to urban conveniences. The ample space allows for the creation of a substantial home or commercial venture, making it an ideal investment for those seeking a blend of residential and commercial potential. The property's size and location make it a rare find in this sought-after area. Don't miss this chance to acquire a piece of New Smyrna Beach. The latitude and longitude coordinates are 29.0297968, -80.9397881 respectively.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Smyrna Beach
    County
    Volusia
    State
    Florida
    Longitude
    -80.9398
    Latitude
    29.0298

    Comparable in this City

    • Value Estimation by Request

      4637 Kola Rd

      Land
      4637 Kola Rd, New Smyrna Beach, FL 32168
      View Details
    • Value Estimation by Request

      3001 Vlg St

      Multifamily properties
      3001 Vlg St, New Smyrna Beach, FL 32168
      View Details
    • Value Estimation by Request

      Sr-415

      Land
      0 Sr-415, New Smyrna Beach, FL 32168
      View Details
    • Value Estimation by Request

      390 Sugar Mill Dr

      Multifamily properties
      390 Sugar Mill Dr, New Smyrna Beach, FL 32168
      View Details
    • Value Estimation by Request

      2313 Legacy Ln

      Land
      2313 Legacy Ln, New Smyrna Beach, FL 32168
      View Details
    • Value Estimation by Request

      1069 Massey Rd

      Multifamily properties
      1069 Massey Rd, New Smyrna Beach, FL 32168
      View Details

    Similar Nearby for Sale

    • $150,000
      0.25 Acres

      Vacant Land Near Beach

      Tranquil vacant land near the beach in New Smyrna Beach.
      1069 Massey Rd, New Smyrna Beach, FL 32168
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale in New Smyrna Beach, Florida.
      S Dixie Fwy, New Smyrna Beach, FL 32168
      View Details
    • $54,999

      New Smyrna Beach Vacant Lot

      2.5-acre vacant lot near beach and downtown New Smyrna Beach.
      4171 Quail Ranch Rd, New Smyrna Beach, FL 32168
      View Details
    • $150,000

      Vacant Land Near Beach

      Tranquil vacant land near beach, scenic trail, and airfield.
      1069 Massey Rd, New Smyrna Beach, FL 32168
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land on South Dixie Freeway

      Commercial land for rent on a high-traffic thoroughfare.
      S Myrtle Ave, New Smyrna Beach, FL 32168
      View Details
    • Contact for pricing

      Commercial Office/Warehouse Space Available

      Unique commercial property with office, warehouse, and storage space.
      1311 N Dixie Fwy, New Smyrna Beach, FL 32168
      View Details
    • Contact for pricing
      6 SF

      Retail Space For Lease

      Retail space available for lease.
      1724 Florida 44, New Smyrna Beach, FL 32168
      View Details
    • $48,000

      Downtown New Smyrna Beach Commercial Space

      Prime commercial space in active downtown New Smyrna Beach corridor.
      114 Live Oak St, New Smyrna Beach, FL 32168
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Martin St
    New Smyrna Beach, FL 32168
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    Martin St, New Smyrna Beach, FL, 32168

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!