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

    400 Orange St New Smyrna Beach, FL 32168

    • Commercial real estate
    • 1,280 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-6303670
    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

    • Commercial real estate

    Property Details for 400 Orange St

    Year built
    1940
    Property size
    1,280 SF
    Property type
    Commercial real estate

    Description

    This exceptional 1,280-square-foot commercial office building, situated on a 5,549.54-square-foot lot in New Smyrna Beach, Florida, presents a compelling investment opportunity. Located at 400 N Orange Street, this Class C property boasts a desirable B-3 (HIGHWAY COMMERCIAL) zoning, allowing for a variety of commercial uses. Built in 1940 and extensively renovated in 2022, the single-story building features a well-designed layout including a conference room, individual offices, a tiled restroom, rear storage room, kitchen, and breakroom. The property includes rear parking with crushed asphalt milling and convenient access to US Highway 1 via Murray Street (one-way alleyway). Currently occupied, the existing tenant will vacate at the end of November 2024, providing immediate occupancy thereafter. The asking price is $539,900, translating to $421 per square foot. This free-standing building offers a unique blend of functionality and location, making it an ideal investment for discerning buyers. The property is offered for sale as a single unit.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    New Smyrna Beach
    County
    Volusia
    State
    Florida
    Longitude
    -80.9275442
    Latitude
    29.0276431

    Comparable in this City

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      Turnkey-ready office building on a prime corner lot.
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      Waterfront Office in Venetian Bay

      Office space for sale in Venetian Bay Town Center.
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    Similar Nearby for Sale

    • $2,300,000
      15,757 SF

      New Smyrna Beach Office Building

      Commercial office building on a high-visibility corridor in New Smyrna Beach.
      2650 N Dixie Fwy, New Smyrna Beach, FL 32168
      View Details
    • $260,000
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      Waterfront Mixed-Use Unit For Sale

      Commercial waterfront unit in Venetian Bay's town center.
      424 Luna Bella Ln, New Smyrna Beach, FL 32168
      View Details
    • $474,000
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      Restored 1915 Vintage Office Building

      Restored 1915 building with modern upgrades, ideal for professional office.
      306 Washington St, New Smyrna Beach, FL 32168
      View Details
    • $624,249

      Corner Lot Office Building

      Turnkey-ready office building on a prime corner lot.
      801 Magnolia St, New Smyrna Beach, FL 32168
      View Details
    • $260,000
      1,286 SF

      Waterfront Office in Venetian Bay

      Office space for sale in Venetian Bay Town Center.
      424 Luna Bella Ln, New Smyrna Beach, FL 32168
      View Details
    • New
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      New Smyrna Beach Multi-Use Property

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    Similar Nearby for Lease

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      Downtown New Smyrna Beach Commercial Space

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    400 Orange St
    New Smyrna Beach, FL 32168
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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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