Office End
For Sale
$399,000
111 Magnolia Avenue, Daytona Beach, FL 32114
Commercial Sale, Daytona Beach, FL
Property Size1,388 SF
Lot Size0.03 Acres
Price / SF$287.46
Days on Market138
Property Features for 111 Magnolia Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking features
Parking Lot, On Street
Subdivision
Wall Street Lofts Condo
Directions
US 1 S to Left on Magnolia, 2 blocks, property is on the right.
Standard status
Active
APN
5339-A9-00-1110
Size
1,388 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
39-15-33 UNIT 111 WALL STREET LOFTS CONDOMINIUM PER OR 5762 PG 0128 PER OR 5790 PG 1221 PER OR 5791 PGS 3678-3680 INC PER OR 6155 PGS 4503-4504
Tax Annual Amount
4368
HOA Fee
$382 Monthly
Legal Description
39-15-33 UNIT 111 WALL STREET LOFTS CONDOMINIUM PER OR 5762 PG 0128 PER OR 5790 PG 1221 PER OR 5791 PGS 3678-3680 INC PER OR 6155 PGS 4503-4504
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2006
Floors in Building
3
Number of units
1
Flooring type
Tile, Carpet
Building materials
Concrete, Stucco
Listing Agency:
Florida Global International Realty
(386) 451-5313
Listed By:
Clara Spangler · License #3137316
(386) 451-5313
Added: Apr 9
Changed: Aug 20
Last Checked: Aug 24 at 2:06PM
MLS# 1225066
Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,388-square-foot commercial condominium is an end unit in the Wall Street Lofts building, with windows along the front and side. The interior includes four offices, a conference room, a lounge with kitchen, two storage areas, and a bathroom with shower. Tile and carpet flooring are installed throughout, with central air and electric heat.
The property is accessed from Magnolia Avenue and is located near Beach Street in downtown Daytona Beach. Parking is available in a lot and on the street. Constructed in 2006, the building uses concrete and stucco construction and is served by public water and public sewer. The space is currently used as a real estate office and previously accommodated a doctor's office and a diet clinic.
The property is accessed from Magnolia Avenue and is located near Beach Street in downtown Daytona Beach. Parking is available in a lot and on the street. Constructed in 2006, the building uses concrete and stucco construction and is served by public water and public sewer. The space is currently used as a real estate office and previously accommodated a doctor's office and a diet clinic.
Key Highlights
- 1,388 SF commercial condominium in the Wall Street Lofts building
- End‑unit layout with windows on the front and side
- Four offices plus a conference room and lounge with kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,799
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Commercial condominium with private offices, conference space, lounge kitchen, storage, and a bathroom with shower.
Where is this office units 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 SF commercial condominium in the Wall Street Lofts building; End‑unit layout with windows on the front and side; Four offices plus a conference room and lounge with kitchen
