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    501 Orange St New Smyrna Beach, FL 32168-7318

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    501 Orange St New Smyrna Beach, FL 32168-7318

    View on Map
    • Medical Office Space
    • 3,025 SF
    • 0.34 lot acres
    Off-Market
    Last Sale Jun 6, 2023
    $1,025,000
    Property ID
    US18-2092020
    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
    $1,060,000
    Show details
    Cap Rate Potential
    3.9%
    Medical Office Space
    Location Intelligence

    Current Use by Public Records

    • Medical Office Space

    Property Details for 501 Orange St

    Year built
    2014
    Construction
    WOOD
    Lot size
    0.34 lot acres
    Property size
    3,025 SF
    Zone code
    B6
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    7441-38-24-3070
    APU
    744138243070

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,135,000
      ML approach
      $1,065,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $735,000
      6.5%
      $675,000
      7%
      $630,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $714,000
      Market price range: $338k - $857k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,190,000
      AUTO REPAIR, GARAGE
      $750,000
      RETAIL STORES
      $675,000

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

    Location Insight

    • Map
    • Local Demand
    City
    New Smyrna Beach
    County
    Volusia
    State
    Florida
    Longitude
    -80.9234
    Latitude
    29.0202
    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
    $9,206
    $126,225
    $409,874
    $536,099
    -
    $126,225
    $409,874
    $536,099

    Comparable in this City

    • Value Estimation
      $1,070,000
      6,989 SF

      821 State Rd 44

      MEDICAL BUILDING • 6,989 SF
      821 State Rd 44, New Smyrna Beach, FL 32168-7271
      View Details
    • Value Estimation
      $690,000
      3,404 SF

      809 State Rd 44th, Unit 2

      MEDICAL BUILDING • 3,404 SF
      809 State Rd 44th, New Smyrna Beach, FL 32168-7271
      View Details
    • Value Estimation
      $1,175,000
      9,200 SF

      1055 Dixie Fwy

      MEDICAL BUILDING • 9,200 SF
      1055 Dixie Fwy, New Smyrna Beach, FL 32168-6201
      View Details
    • Value Estimation by Request
      1,722 SF

      406 Palmetto St Sta, Unit A

      MEDICAL BUILDING • 1,722 SF
      406 Palmetto St Sta, New Smyrna Beach, FL 32168-7323
      View Details
    • Value Estimation by Request
      3,193 SF

      1298 Dixie Fwy

      MEDICAL BUILDING • 3,193 SF
      1298 Dixie Fwy, New Smyrna Beach, FL 32168-6068
      View Details
    • Value Estimation by Request
      1,064 SF

      111 Live Oak St

      MEDICAL BUILDING • 1,064 SF
      111 Live Oak St, New Smyrna Beach, FL 32168-7113
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      SR 44 & I-95 Interchange Land

      5.37 acres near AdventHealth Medical Plaza and I-95.
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      View Details
    • $1,625,000
      6,102 SF

      Downtown New Smyrna Beach Office

      Multi-purpose commercial office building in the heart of downtown.
      205 Magnolia 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
    • $849,000
      2,268 SF

      Mixed-Use Historic Property Near Canal Street

      Versatile property near Canal Street with commercial/residential zoning.
      200 Live Oak St, New Smyrna Beach, FL 32168
      View Details
    • $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

    Similar Nearby for Lease

    • $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
      View Details
    • Contact for pricing

      Versatile Commercial Units for Rent

      Spacious units suitable for various business and storage needs.
      1311 N Dixie Fwy, 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
      View Details
    • $11,520 /Mo
      3,720 SF

      Downtown New Smyrna Beach Commercial Space

      Versatile commercial spaces in a high-visibility, high-traffic downtown location.
      418 Canal St, New Smyrna Beach, FL 32168
      View Details
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    New Smyrna Beach, FL 32168-7318
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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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