Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Vlg St New Smyrna Beach, FL 32168
    Back to Search
    Property profile & analytics

    Vlg St, New Smyrna Beach, FL 32168

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

    Current Use by Public Records

    • Apartment buildings

    Property Details for 0 Vlg St

    Year built
    2024
    Property type
    Apartment buildings

    Description

    Exceptional investment opportunity in New Smyrna Beach, Florida. This brand-new (2024) two-building multifamily complex offers sixteen spacious two-bedroom, two-bathroom units, each featuring an open floor plan, in-unit laundry, and a private balcony. Residents enjoy elevator access, covered ground-floor parking, and a secure, fully fenced property. The development is zoned for residential multifamily and single-family use. Each unit is priced at $78,125, with a total asking price of $1,250,000. Located on Village Street, this property provides easy access to the Atlantic Ocean and Halifax River, along with nearby schools, shopping, and dining. Commuting to Orlando and Jacksonville is also convenient. This is a rare chance to acquire a modern, high-quality multifamily property in a desirable coastal location. The property is not subject to a ground lease. There are eight units per building. This is an owner/user investment opportunity.

    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
    -80.9344
    Latitude
    29.0208

    Comparable in this City

    • Value Estimation by Request

      3001 Vlg St

      Multifamily properties
      3001 Vlg St, 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
      4.14 Acres

      1050 Wayne Ave

      Multifamily properties
      1050 Wayne Ave, New Smyrna Beach, FL 32168
      View Details
    • Value Estimation by Request
      1,115 SF

      503 Wayne Ave

      APARTMENT HOUSE (UNDER 5 UNITS)
      503 Wayne Ave, New Smyrna Beach, FL 32168-6331
      View Details
    • Value Estimation
      $600,000
      4,464 SF

      2828 Dixie Fwy

      APARTMENT HOUSE (UNDER 5 UNITS)
      2828 Dixie Fwy, New Smyrna Beach, FL 32168-5776
      View Details
    • Value Estimation by Request
      4,629 SF

      527 Julia St

      APARTMENT HOUSE (UNDER 5 UNITS)
      527 Julia St, New Smyrna Beach, FL 32168-6979
      View Details

    Similar Nearby for Sale

    • $849,000
      2,268 SF

      Mixed-Use Historic Property Near Canal Street

      Versatile property near Canal Street with commercial/residential zoning.
      200 Live Oak St, New Smyrna Beach, FL 32168
      View Details
    • Contact for pricing
      952 SF

      Mixed-Use Space in Historic District

      Mixed-use property in historic district, flexible commercial/residential uses.
      306 Sheldon St, New Smyrna Beach, FL 32168
      View Details
    • Contact for pricing
      1,673 SF

      Mixed-Use Property in Opportunity Zone

      Duplex with potential for additional units or short-term rentals.
      585 Washington St, New Smyrna Beach, FL 32168
      View Details
    • $110,000
      0.18 Acres

      New Smyrna Beach Land Parcel

      Vacant land in MU zoning corridor, potential for multifamily development.
      124 Dimmick St, New Smyrna Beach, FL 32168
      View Details
    • Contact for pricing
      3,060 SF

      Historic Harris House For Sale

      Historic property in downtown New Smyrna Beach with endless possibilities.
      214 S Riverside Dr, New Smyrna Beach, FL 32168
      View Details

    Similar Nearby for Lease

    • $78,000

      Turnkey Restaurant Opportunity

      Profitable restaurant with indoor, outdoor seating, and full liquor bar.
      317 N Orange St, New Smyrna Beach, FL 32168
      View Details
    • $136,800
      5,700 SF

      Downtown Space in New Smyrna Beach

      Prime commercial space in the heart of New Smyrna Beach.
      400 Canal St, New Smyrna Beach, FL 32168
      View Details
    • $99,840

      Renovated Commercial Building on Canal

      Completely renovated 3120 SF commercial building in New Smyrna Beach.
      419 Canal St, 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
    • Contact for pricing
      6 SF

      Retail Space For Lease

      Retail space available for lease.
      1724 Florida 44, 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.
    Vlg 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
    Vlg 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!