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    2000 State Rd 44 New Smyrna Beach, FL 32168-8351

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    2000 State Rd 44 New Smyrna Beach, FL 32168-8351

    View on Map
    • Drive through restaurants
    • 2,526 SF
    • 0.66 lot acres
    Off-Market
    Property ID
    US18-3834448
    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
    $520,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Drive through restaurants

    Property Details for 2000 State Rd 44

    Year built
    1989
    Construction
    WOOD
    Lot size
    0.66 lot acres
    Property size
    2,526 SF
    Zone code
    B5
    Property type
    Drive through restaurants
    APN
    7343-06-00-0560
    APU
    734306000560

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $375,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $668,000
      Market price range: $240k - $668k

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

    Location Insight

    • Map
    • Local Demand
    City
    New Smyrna Beach
    County
    Volusia
    State
    Florida
    Longitude
    -80.9488
    Latitude
    29.0132
    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
    $15,219
    $466,310
    $360,849
    $827,159
    -
    $466,310
    $360,849
    $827,159

    Comparable in this City

    • Value Estimation
      $555,000
      3,160 SF

      1704 Dixie Fwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,160 SF
      1704 Dixie Fwy, New Smyrna Beach, FL 32168-7734
      View Details
    • Value Estimation by Request
      624 SF

      1112 Canal St

      DRIVE-THRU RESTAURANT, FAST FOOD • 624 SF
      1112 Canal St, New Smyrna Beach, FL 32168-8506
      View Details
    • Value Estimation by Request
      2,546 SF

      1608 Dixie Fwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,546 SF
      1608 Dixie Fwy, New Smyrna Beach, FL 32168-7732
      View Details
    • Value Estimation
      $585,000
      2,844 SF

      1860 State Rd 44

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,844 SF
      1860 State Rd 44, New Smyrna Beach, FL 32168-8343
      View Details
    • Value Estimation
      $710,000
      3,408 SF

      2365 State Rd 44

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,408 SF
      2365 State Rd 44, New Smyrna Beach, FL 32168-8279
      View Details
    • Value Estimation
      $930,000
      3,231 SF

      2659 State Rd 44

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,231 SF
      2659 State Rd 44, New Smyrna Beach, FL 32168-8312
      View Details

    Similar Nearby for Sale

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      0.22 Acres

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      Versatile commercial property in a prime location near local attractions.
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    • $1,299,000
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      Historic Building Near Canal Street

      Versatile commercial property in a high-traffic, historic New Smyrna neighborhood.
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      High-Visibility Commercial Building, Volusia County

      Standalone commercial building in a high-traffic Volusia County location.
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    • $949,000
      2,571 SF

      Restaurant on Canal Street, Florida

      Unique restaurant opportunity on Canal Street in New Smyrna Beach.
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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.
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      View Details
    • New
      $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
      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
    • $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
    • Contact for pricing

      Former Big Box Retail Space

      6.45+ AC retail space with high traffic frontage.
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      View Details

    Property Visit Statistics

    • Visits by month
      6.0k
    • Visitors by month
      5.3k
    • Avg Time on site
      28 min
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    New Smyrna Beach, FL 32168-8351
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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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