424 Luna Bella Ln New Smyrna Beach, FL 32168
This exceptional 2,015-square-foot restaurant/deli space is available for lease in the thriving Venetian Bay Town Center in Volusia County. Built in 2007, this single-tenancy property is zoned PUD and offers unparalleled visibility and accessibility within a rapidly growing residential community. The location boasts prime exposure and benefits from a substantial existing customer base of approximately 2,900 homes within walking distance, with plans for further expansion to over 4,000 homes. Adding to the already strong demographics, 322 new apartments are currently under construction directly across the street, significantly increasing the potential customer pool to an estimated 7,000+. The average household income in the area exceeds $75,000, presenting a highly attractive market for a food service business. The property offers excellent building signage opportunities. The space is currently vacant and ready for immediate occupancy. Estimated common area maintenance (CAM), real estate taxes, and insurance are $7.35 per square foot. Strategically located west of Interstate 95, between Pioneer Trail and State Road 44, just off Airport Road, this property provides convenient access and high visibility for optimal business success.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.