Property profile

1311 Dixie Fwy New Smyrna Beach, FL 32168

OFF-MARKET
Gas stations
Property ID
US18-7957438
3,720 SF 2.56 ac lot Built 1959
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 16,500-square-foot special purpose property, located at 1311 N Dixie Fwy, New Smyrna Beach, FL 32168, presents a unique investment opportunity. The entire building, encompassing 16,500 square feet, is currently vacant and available for lease. Situated on a substantial 2.6-acre lot, this multi-tenant property boasts over 400 feet of frontage on US 1, providing excellent visibility and ample space for signage and display. The expansive site includes over 120 parking spaces, offering convenient parking for tenants and visitors, as well as significant outdoor storage potential. The building is zoned B3 and features 400-amp 3-phase power, making it suitable for a variety of uses. Its location in the New Smyrna Beach submarket, with convenient access via Industrial Park Ave, offers excellent accessibility. The property's versatility and substantial size make it ideal for a range of businesses seeking office, warehouse, or storage space. The large parking area and prominent road frontage provide significant advantages for businesses requiring high visibility and ample parking. This is a rare opportunity to acquire a substantial, versatile commercial property in a desirable location.

Property profile

Verified
Property type Gas stations
Use group SERVICE STATION (FULL SERVICE)
Year built 1959
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,720 SF
Lot 2.56 ac (111,443 SF)
APN 7438-14-00-0010
UPID US18-7957438

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
  • Big Box & Wholesale Store
  • Vacation Rental Real Estate Agency

Location

1311 Dixie Fwy New Smyrna Beach, FL 32168
New Smyrna Beach metro Census 82802 DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.32M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.13M

Owner & transaction history

since 2023
Last sale
$1.9M
5 recorded transactions
2023
$1.9M
2019
Price N/A
2016
$790,000
2015
$736,000
1969
Price N/A

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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