585 Ballough RdDaytona Beach, FL 32114

Property Details for 585 Ballough Rd

Year built

1954

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.12 AC

Property size (Sq ft)

1,789 SF

Zone code

BP

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

5338-18-03-0220

APU

533818030220

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $465,642

  6.5%

  $429,823

  7%

  $399,122

• Comparable approach

  Method

  Valuation

  Relative Method

  $409,076

  Geo Method

  $309,544

• Alternative Use

  Use

  Valuation

  Residential

  $429,823

  Hospitality

  $393,716

  Educational

  $327,567

  Medical

  $338,833

  Retail

  $509,549

Location Insight

City

Daytona Beach

County

Volusia

State

Florida

Latitude

29.2237

Longitude

-81.0224

CBSA code

19660

CBSA name

DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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