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Property profile

424 Luna Bella Ln Unit B New Smyrna Beach, FL 32168

OFF-MARKET
Retail properties & Spaces
2,250 SF Built 2007
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Property summary

AI-generated overview

This 2,250 square foot commercial condo, located at 424 Luna Bella Lane, Unit B (Suite 133), offers a fantastic opportunity for retail businesses. Built in 2007, this single-tenant space boasts a prime location in Volusia County, within the thriving Downtown Venetian Bay Town Center. Benefit from excellent demographics, with over 7,000 potential customers within easy reach and an average household income exceeding $75,000. The property is situated on busy Luna Bella Lane, providing high visibility and foot traffic. The immediate area is experiencing significant growth, with over 2,900 homes currently and plans for over 4,000 at full build-out, plus 322 apartments under construction directly across the street. This presents a unique chance to establish a business in a rapidly expanding community. The property is zoned PUD and offers building signage opportunities. Estimated common area maintenance (CAM), real estate taxes, and insurance are $8.75 per square foot. Conveniently located west of Interstate 95, between Pioneer Trail and SR 44, just off Airport Road. This retail space is ready for immediate occupancy.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2007
Total area 2,250 SF

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
  • Real Estate Agency
  • Food Market Restaurant
  • Condominium Complex
  • Restaurant
  • High School Daycare Center

Location

424 Luna Bella Ln Unit B New Smyrna Beach, FL 32168
New Smyrna Beach metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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
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