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Property profile & analytics
FOR LEASE
Retail space

401 Flagler Ave New Smyrna Beach, FL 32169

1,044 SF 0.4 ac lot Built 1910
Entity Owned 4-yr Hold Free & Clear
Property ID
US18-3663498
401 Flagler Ave, New Smyrna Beach, FL 32169 For Lease
$180,000 SF/Yr 728 SF available
401 Flagler Ave, New Smyrna Beach, FL 32169
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Property summary
AI-generated overview

This exceptional retail opportunity presents a fully operational coffee shop at 401 Flagler Ave, New Smyrna Beach, Florida, 32169. Currently operating as Luma Cafe, this established business boasts a welcoming atmosphere and a reputation for high-quality coffee and beverages. The cafe is situated in a prime location in the heart of New Smyrna Beach, offering excellent visibility and foot traffic. The asking price for this lease is $15,000. The property is a retail space, perfectly suited for a continuation of the current business model or a similar concept. The address is easily accessible and benefits from the high volume of pedestrian and vehicular traffic characteristic of this vibrant beachside community. This presents a unique chance to acquire a turn-key operation in a desirable location, ready for immediate income generation. The space is well-maintained and offers a comfortable environment for customers. The opportunity to lease this established and successful cafe provides a low-risk entry point into the thriving New Smyrna Beach market. This is an ideal investment for an entrepreneur seeking a profitable and established business in a prime location. The property is located in Volusia County, Florida.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1910
Construction WOOD
Total area 1,044 SF
Lot 0.4 ac (17,450 SF)
Zoning code B1
APN 7455-08-04-0010
UPID US18-3663498
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.64M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.82M
Owner & transaction history
401 Flagler LLC · 4 yrs held
401 Flagler LLC
since 2022
Last sale
$2.0M
5 recorded transactions
2022
$2.0M
2022
$675,000
2021
$675,000
2019
$582,000
2016
Price N/A
Zoning & alternative use
B1 · New Smyrna Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source City Zoning
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