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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1848 Renzulli Rd New Smyrna Beach, FL 32168-1726

    • Community centers
    • 6,615 SF
    • 1.06 lot acres
    OFF-MARKET
    Value Estimations
    $845,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1866997
    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.

    Current Use by Public Records

    • Community centers

    Property Details for 1848 Renzulli Rd

    Year built
    2003
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.06 lot acres
    Property size
    6,615 SF
    Property type
    Community centers
    APN
    7324-15-00-0031
    APU
    732415000031

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $758,000
      Market price range: $726k - $2.02M
      AI Estimate
      $724,000
      Market price range: $198k - $1.89M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,185,000
      Current use
      WAREHOUSE, STORAGE
      $1,370,000
      Change: +16% Conversion: Difficult
      MEDICAL BUILDING
      $1,230,000
      Change: +4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    New Smyrna Beach
    County
    Volusia
    State
    Florida
    Longitude
    -80.9446
    Latitude
    29.0151
    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
    $16,910
    $304,742
    $615,663
    $920,405
    -
    $304,742
    $615,663
    $920,405

    Comparable in this City

    • Value Estimation
      $1,310,000
      12,452 SF

      1115 Dixie Fwy

      MINI-MALL • 12,452 SF
      1115 Dixie Fwy, New Smyrna Beach, FL 32168-6069
      View Details
    • Value Estimation
      $1,990,000
      15,695 SF

      1851 State Rd 44

      MINI-MALL • 15,695 SF
      1851 State Rd 44, New Smyrna Beach, FL 32168-8342
      View Details
    • Value Estimation
      $770,000
      6,370 SF

      628 Dixie Fwy

      MINI-MALL • 6,370 SF
      628 Dixie Fwy, New Smyrna Beach, FL 32168-6466
      View Details
    • Value Estimation
      $1,565,000
      13,340 SF

      140 Wallace Rd

      MINI-MALL • 13,340 SF
      140 Wallace Rd, New Smyrna Beach, FL 32168-8069
      View Details
    • Value Estimation by Request
      22,704 SF

      1421 Dixie Fwy

      MINI-MALL • 22,704 SF
      1421 Dixie Fwy, New Smyrna Beach, FL 32168-7604
      View Details
    • Value Estimation
      $1,910,000
      18,200 SF

      1700 State Rd 44

      MINI-MALL • 18,200 SF
      1700 State Rd 44, New Smyrna Beach, FL 32168-8339
      View Details

    Similar Nearby for Sale

    • $1,299,000
      0.22 Acres

      Historic Building in Thriving Community

      Unique 1934 building suitable for various businesses near Canal Street.
      208 Magnolia St, New Smyrna Beach, FL 32168
      View Details
    • $1,299,000
      0.22 Acres

      Historic Building Near Canal Street

      1934 historic building suitable for wine bar, deli, or restaurant.
      208 Magnolia St, New Smyrna Beach, FL 32168
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    • $850,000
      1,920 SF

      Retail Building in New Smyrna Beach

      Single-tenant retail building in the heart of New Smyrna Beach.
      417 Canal St, New Smyrna Beach, FL 32168
      View Details
    • $399,000
      988 SF

      New Smyrna Beach Multi-Use Property

      Versatile property in New Smyrna Historic District with residential and commercial features.
      607 N Dixie Fwy, New Smyrna Beach, FL 32168
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    • $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
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    • $99,000

      E-Commerce Retailer Business Opportunity

      Established e-commerce retailer for wigs, hairpieces, and care products.
      Business Only, New Smyrna Beach, FL 32168
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      1,000 SF

      Retail Space in Volusia County

      Retail space with high visibility and strong tenant mix.
      1910-1988 State Road 44, New Smyrna Beach, FL 32168
      View Details
    • $35 SF/Yr
      3,120 SF

      Canal Street Mixed-Use Space

      Historic New Smyrna Beach gem. Ideal for coworking.
      419 Canal 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
    • New
      $3,000 /Mo
      2,000 SF

      Commercial Space in New Smyrna Beach

      Commercial space with garage, outdoor area, and office.
      210 Magnolia St, New Smyrna Beach, FL 32168
      View Details
    • New
      $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
    • $22 SF/Yr
      2,015 SF

      Venetian Bay Deli Space For Lease

      Prime 2,015 SF Deli, High-Traffic Location
      424 Luna Bella Ln, New Smyrna Beach, FL 32168
      View Details

    Property Visit Statistics

    • Visits by month
      1.3k
    • Visitors by month
      993
    • Avg Time on site
      17 min
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    New Smyrna Beach, FL 32168-1726
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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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