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801 Canal St 4,500 SF 100% Leased Office Building New Smyrna Beach, FL 32168 $1,528,532 CAD ($339.67 CAD/SF) 9.06% Cap Rate
INVESTMENT HIGHLIGHTS
- 3 large independent units providing flexibility for different business models.
- Generates over $130,000 annually from short-term rentals.
- Completely remodeled with exquisite decoration and high-end finishes.
- Spacious layout with 7 bedrooms, 5 1/2 bathrooms.
EXECUTIVE SUMMARY
Presenting 801 Canal Street – a rare, income-producing mixed-use asset located on one of the most heavily trafficked and visible corners in New Smyrna Beach. This single-story property spans 0.79 acres, zoned for mixed use, and is currently generating $9,100/month ($109,200/year) from a diversified group of tenants, including medical office, short-term rentals, storage units, and processing facilities.
With NOI estimated at $99,200, this opportunity offers a strong 9.06% cap rate at the asking price of $1,095,000. The layout includes 7 bedrooms, 5 1/2 bathrooms, multiple parking areas, and surplus land for potential expansion or value-add development (pool, additional structures, or more square footage).
About 20% industrial space in the property.
Located just minutes from the Intracoastal, Flagler Avenue, and the Atlantic Ocean, this property offers unmatched exposure and proximity to NSB’s booming commercial and tourism districts. Ideal for 1031 exchange buyers, owner-users, or investors seeking steady income + long-term upside. Based on traffic studies and local planning documents, Canal Street (which carries State Road 44 Business through downtown New Smyrna Beach) is one of the city’s most heavily trafficked thoroughfares—especially within the historic Canal Street Commercial District, noted for “strong traffic counts” and “high daytime population”
Owner Financing Available. Motivated Seller. Schedule your private tour today.
With NOI estimated at $99,200, this opportunity offers a strong 9.06% cap rate at the asking price of $1,095,000. The layout includes 7 bedrooms, 5 1/2 bathrooms, multiple parking areas, and surplus land for potential expansion or value-add development (pool, additional structures, or more square footage).
About 20% industrial space in the property.
Located just minutes from the Intracoastal, Flagler Avenue, and the Atlantic Ocean, this property offers unmatched exposure and proximity to NSB’s booming commercial and tourism districts. Ideal for 1031 exchange buyers, owner-users, or investors seeking steady income + long-term upside. Based on traffic studies and local planning documents, Canal Street (which carries State Road 44 Business through downtown New Smyrna Beach) is one of the city’s most heavily trafficked thoroughfares—especially within the historic Canal Street Commercial District, noted for “strong traffic counts” and “high daytime population”
Owner Financing Available. Motivated Seller. Schedule your private tour today.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
4,500 SF
Building Class
C
Year Built
1948
Price
$1,528,532 CAD
Price Per SF
$339.67 CAD
Cap Rate
9.06%
NOI
$138,485 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,500 SF
Building FAR
0.13
Lot Size
0.79 AC
Zoning
10B2 - Mixed Use
Parking
14 Spaces (3.11 Spaces per 1,000 SF Leased)
AMENITIES
- Fenced Lot
- Reception
- Storage Space
- Outdoor Seating
- Fire Pits
- Air Conditioning
Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 7418-08-33-0090 | Improvements Assessment | $379,618 CAD (2025) |
| Land Assessment | $351,527 CAD (2025) | Total Assessment | $731,145 CAD (2025) |
PROPERTY TAXES
Parcel Number
7418-08-33-0090
Land Assessment
$351,527 CAD (2025)
Improvements Assessment
$379,618 CAD (2025)
Total Assessment
$731,145 CAD (2025)
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801 Canal St
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