Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Fl-44 New Smyrna Beach, FL 32168
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Fl-44 New Smyrna Beach, FL 32168

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

    Current Use by Public Records

    • Land

    Property Details for 0 Fl-44

    Lot size
    14.72 lot acres
    Property type
    Land

    Description

    This exceptional 14.72-acre commercial land parcel in New Smyrna Beach, Florida, presents a unique investment opportunity. Located on FL-44, this single-tenant property boasts high visibility and accessibility, situated amidst a thriving retail corridor. The lot size offers significant development potential, with buildable areas ranging from 36,347 square feet to 134,464 square feet, allowing for flexibility in project design. The property's strategic location in New Smyrna Beach places it near popular beaches, including the nearby Canaveral National Seashore, and the vibrant downtown area, featuring the Canal Street Historic District with its art galleries, shops, and the New Smyrna Museum of History. This prime location benefits from strong existing commercial activity, with nearby establishments including Publix, Home Depot, Mullinax Ford, New Smyrna Beach Chevrolet, ABC Fine Wine & Spirits, Bealls Outlet, and Dunkin' Donuts, among other retailers. The property's address is on FL-44, zip code 32168, in New Smyrna Beach, Florida. This is an ideal location for a variety of commercial developments, capitalizing on the area's robust tourism and residential growth. The property's latitude and longitude coordinates are 29.012831972870256 and -80.98259386907662 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
    -80.9826
    Latitude
    29.0128

    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
      2.77 Acres

      2728 Pioneer Trl

      Land • 2.77 Acres
      2728 Pioneer Trl, New Smyrna Beach, FL 32168
      View Details
    • Value Estimation by Request

      Old Mission Rd

      Land
      0 Old Mission Rd, New Smyrna Beach, FL 32168
      View Details
    • Value Estimation by Request

      910 Magnolia St

      Land
      910 Magnolia St, New Smyrna Beach, FL 32168
      View Details
    • Value Estimation by Request
      1.00 Acre

      3400 Pioneer Trl

      Land • 1.00 Acre
      3400 Pioneer Trl, 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
    • $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
    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.
    Fl-44
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!