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    FOR SALE
    Investment properties

    585 Ballough Rd, Daytona Beach, FL 32114

    1,789 SF 0.12 ac lot Built 1954
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US19-0831324
    Property summary
    AI-generated overview

    This exceptional 1,789 square foot single-tenant office building in Daytona Beach, Florida, presents a unique opportunity for businesses seeking a modern and functional workspace. Located at 585 Ballough Rd, 32114, this property boasts a prime location near downtown, Beach Street, Main Street, and the Halifax River, offering easy access to key amenities and attractions. The building underwent a complete renovation in 2024, ensuring a contemporary and efficient layout. The single-story structure features a spacious reception area ideal for client interaction, multiple private offices providing privacy and productivity, two bathrooms for convenience, and ample storage space to meet diverse business needs. The building's design caters to various office types, including executive, medical, creative, and traditional office settings. The property is a retail, office, and special purpose building, offering versatility for a range of businesses. Note that the rental rate excludes pass-through costs, estimated at $3.50 per square foot. This property remained undamaged during last year's storms, providing peace of mind and operational stability. This is an excellent opportunity to establish or expand your business in a thriving Daytona Beach location.

    Property profile
    Verified
    Property type Investment properties
    Use group STORE/OFFICE (MIXED USE)
    Year built 1954
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 1,789 SF
    Lot 0.12 ac (5,150 SF)
    Zoning code BP
    APN 5338-18-03-0220
    UPID US19-0831324
    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
    Current use
    Occupant on record · Public records
    • Ruppel Charles W Law Firm Insurance Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Kaleteur Investments LLC · 2 yrs held
    Kaleteur Investments LLC
    since 2024
    Last sale
    $246,000
    5 recorded transactions
    2024
    $246,000
    2022
    $178,000
    2021
    $179,000
    2018
    2003
    $110,000
    Zoning & alternative use
    BP · Daytona Beach, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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