End-Unit Office
For Sale
$399,000
111 Magnolia Avenue, Daytona Beach, FL 32114
A professional office layout pairs private workrooms with a conference room, lounge, kitchen, and dedicated storage.
Property Size1,388 SF
Price / SF$287.46
Days on Market205
Property Features for 111 Magnolia Avenue
General Information
Standard status
Active
Size
1,388 SF
Property subtype
Office
Additional Details
Currently Operating
Yes
Property Use
Real Estate Office
Taxes and HOA fees
Annual Taxes
$4,367
Building Details
Building Size
1,388 SF
Year Built
2006
Buildings
1
Tenancy
Single
Listing Agency:
Coastal Ventures Real Estate
Listed By:
Ashley Flatley · License #3361969
(904) 315-8547
Source:
Coastalventures
Added: Apr 9
Changed: Oct 26
Last Checked: Oct 26 at 3:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coastal Ventures Real Estate
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Investment Insights
Based on property information with market context.
This 1,388-square-foot office unit in the Wall Street Lofts building was constructed in 2006. The end-unit layout has windows along the front and side, with an entrance from Magnolia Avenue. Inside are four offices, a conference room, a lounge with kitchen, and two storage areas. The bathroom includes a shower.
The space is currently used as a real estate office and has served that purpose for 14 years. Beach Street is a short distance away.
The space is currently used as a real estate office and has served that purpose for 14 years. Beach Street is a short distance away.
Key Highlights
- 1,388‑square‑foot office unit in the Wall Street Lofts building
- End‑unit position with windows along the front and side
- Four offices, a conference room, lounge with kitchen, and two storage areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,799
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$415,980
$416.0K
Cap Rate 7%
$297,129
$297.1K
Cap Rate 9%
$231,100
$231.1K
Market Conditions
NOI Build-Up for 1,388 SF
Gross rent
$30.0K $21.60/SF
− Vacancy
−$2.2K −$1.62/SF
EGI
$27.7K $19.98/SF
− OpEx
−$6.9K −$5.00/SF
NOI
$20.8K $14.99/SF
Area
Volusia County, FL
Vacancy
7.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$415,980
Cap Rate 7%
$297,129
Cap Rate 9%
$231,100
Alternative Uses
Best Use
Office B
$297.1K
$260.0K – $346.7K
NOI $20,799 @ 7.0% cap · market cap 5.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$409.3K
$358.1K – $477.5K
NOI $28,648 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,714
Businesses Nearby
Explore this area
Business Placement
Demographics for 32114, FL
34,943
Population
17,118
Households
2
Avg Household Size
33
Median Age
19%
College-Educated
89%
High-School Grad
16.0 sq mi
ZIP Area
2,184
Density / Sq Mi
$39,906
Median Household Income
$31,220
Median Earnings
$1,171
Median Rent
$174,900
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A professional office layout pairs private workrooms with a conference room, lounge, kitchen, and dedicated storage.
Where is this office unit located?
The property is located at 111 Magnolia Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 1,388‑square‑foot office unit in the Wall Street Lofts building; End‑unit position with windows along the front and side; Four offices, a conference room, lounge with kitchen, and two storage areas
