2373 SR 44
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
2373 SR 44
1,750 SF Office Building New Smyrna Beach, FL 32168 £835,296 (£477/SF) 6.46% Net Initial Yield
Investment Highlights
- Currently fully leased under a NNN lease structure until April 2025
- 0.45 acre of commercial property with level, fully usable land and on-site drainage.
- Surrounded by national tenants, including ALDI, Home Depot, Dunkin', Chevrolet, Ford, and Verizon.
- Owner is open to sale, lease or BTS
- Located on SR 44 with 200 ft frontage, offering high visibility with 38,000 vehicles passing daily.
- Tenant in place until April 13, 2025, under a NNN lease structure with a Net Operating Income (NOI) of $67,800.
Executive Summary
This 0.45-acre commercial property at 2373 SR44 in New Smyrna Beach, FL, spans 19,545 SF of level, fully usable land with a parallelogram shape and on-site drainage. Located in a commercial area surrounded by retail, office, and auto-related businesses, the property sits at a soft corner with frontage on both SR44 (200 ft) and Timberland Dr (115 ft), offering great level of access and visibility.
The property benefits from surrounding off-site improvements, including sidewalks, lighting, and paved roads, with all utilities readily available. Zoned B-4(C) under the City of New Smyrna Beach’s SR44 PUD, the site supports a variety of office and retail uses. Located in
flood Zone X and outside the 100-year floodplain, this property is free from environmental, wetland, or soil concerns, providing a solid foundation for commercial development.
The property benefits from surrounding off-site improvements, including sidewalks, lighting, and paved roads, with all utilities readily available. Zoned B-4(C) under the City of New Smyrna Beach’s SR44 PUD, the site supports a variety of office and retail uses. Located in
flood Zone X and outside the 100-year floodplain, this property is free from environmental, wetland, or soil concerns, providing a solid foundation for commercial development.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
1,750 SF
Building Class
C
Year Built
1950
Price
£835,296
Price Per SF
£477
Net Initial Yield
6.46%
NOI
£53,936
Tenancy
Single
Number of Floors
1
Typical Floor Size
1,750 SF
Building FAR
0.09
Lot Size
0.45 AC
Zoning
B4
Parking
11 Spaces (6.29 Spaces per 1,000 SF Leased)
Amenities
- Signage
1 of 1
PROPERTY TAXES
| Parcel Number | 7343-06-00-0272 | Improvements Assessment | £223,777 (2024) |
| Land Assessment | £198,243 (2024) | Total Assessment | £422,019 (2024) |
PROPERTY TAXES
Parcel Number
7343-06-00-0272
Land Assessment
£198,243 (2024)
Improvements Assessment
£223,777 (2024)
Total Assessment
£422,019 (2024)
1 of 13
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
2373 SR 44
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.