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    1704 Dixie Fwy New Smyrna Beach, FL 32168-7734
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    Property profile & analytics

    1704 Dixie Fwy, New Smyrna Beach, FL 32168-7734

    View on Map
    • Drive through restaurants
    • 3,160 SF
    • 1.21 lot acres
    Off-Market
    Property ID
    US18-4312484
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $555,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Drive through restaurants

    Property Details for 1704 Dixie Fwy

    Year built
    2009
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.21 lot acres
    Zone code
    B3
    Property type
    Drive through restaurants
    APN
    7449-05-00-0210
    APU
    744905000210

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $420,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $689,000
      Market price range: $300k - $836k

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New Smyrna Beach
    County
    Volusia
    State
    Florida
    Longitude
    -80.9155
    Latitude
    29.0049
    CBSA code
    19660
    CBSA name
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $16,112
    $367,500
    $482,445
    $849,945
    -
    $367,500
    $482,445
    $849,945

    Comparable in this City

    • Value Estimation by Request
      624 SF

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      DRIVE-THRU RESTAURANT, FAST FOOD
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    • Value Estimation by Request
      2,546 SF

      1608 Dixie Fwy

      DRIVE-THRU RESTAURANT, FAST FOOD
      1608 Dixie Fwy, New Smyrna Beach, FL 32168-7732
      View Details
    • Value Estimation
      $520,000
      2,526 SF

      2000 State Rd 44

      DRIVE-THRU RESTAURANT, FAST FOOD
      2000 State Rd 44, New Smyrna Beach, FL 32168-8351
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    • Value Estimation by Request
      1,656 SF

      601 Dixie Fwy

      DRIVE-THRU RESTAURANT, FAST FOOD
      601 Dixie Fwy, New Smyrna Beach, FL 32168-7355
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    • Value Estimation
      $1,610,000
      1,948 SF

      200 Glencoe Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      200 Glencoe Rd, New Smyrna Beach, FL 32168-8316
      View Details
    • Value Estimation
      $630,000
      4,006 SF

      1842 State Rd 44

      DRIVE-THRU RESTAURANT, FAST FOOD
      1842 State Rd 44, New Smyrna Beach, FL 32168-8343
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,944 SF

      Turn-Key Restaurant with Drive-Thru

      Fully equipped restaurant with drive-thru, ready for new owner.
      1518 S Dixie Fwy, New Smyrna Beach, FL 32168
      View Details
    • $949,000
      2,571 SF

      Restaurant on Canal Street, Florida

      Unique restaurant opportunity on Canal Street in New Smyrna Beach.
      1001 Canal St, New Smyrna Beach, FL 32168
      View Details
    • $789,000
      1,944 SF

      High-Visibility Commercial Building, Volusia County

      Standalone commercial building in a high-traffic Volusia County location.
      1518 S Dixie Fwy, New Smyrna Beach, FL 32168
      View Details
    • $1,299,000
      0.22 Acres

      Historic Building Near Canal Street

      Versatile commercial property in a prime location near local attractions.
      208 Magnolia St, New Smyrna Beach, FL 32168
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    Similar Nearby for Lease

    • $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
    • $4,000 /Mo
      1,205 SF

      Downtown New Smyrna Beach Commercial Space

      Prime commercial space in a desirable, active downtown location.
      114 Live Oak St, New Smyrna Beach, FL 32168
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    • $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
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    • $78,000

      Turnkey Restaurant Opportunity

      Profitable restaurant with indoor, outdoor seating, and full liquor bar.
      317 N Orange St, New Smyrna Beach, FL 32168
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    • $99,840

      Renovated Commercial Building on Canal

      Completely renovated 3120 SF commercial building in New Smyrna Beach.
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    • $1,876,547

      3950 FL-44, New Smyrna Beach, FL 32168

      Grocery and convenience stores
      3950 Fl-44, New Smyrna Beach, FL 32168
      View Details

    Property Visit Statistics

    • Visits by month
      46.9k
    • Visitors by month
      20.7k
    • Avg Time on site
      12 min
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    New Smyrna Beach, FL 32168-7734
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    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
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    1704 Dixie Fwy, New Smyrna Beach, FL, 32168
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