Open-Plan Creative
For Sale
$425,000
115 Magnolia Avenue, Daytona Beach, FL 32114
The flexible interior accommodates studio or office use and includes two restrooms.
Property Size2,002 SF
Price / SF$212.29
Days on Market371
Property Features for 115 Magnolia Avenue
General Information
Standard status
Active
Size
2,002 SF
Property subtype
Business
Additional Details
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$5,250
Amenities
high and dry construction
two restrooms
open-concept layout
Building Details
Building Size
2,002 SF
Year Built
2006
Listing Agency:
Coastal Ventures Real Estate
Listed By:
Ashley Flatley · License #3361969
(904) 315-8547
Source:
Coastalventures
Added: Oct 22, 2025
Changed: Oct 26
Last Checked: Oct 26 at 3:21PM
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 2,002-square-foot commercial studio at 115 Magnolia Avenue has an open-concept layout and two restrooms. Built in 2006, the space is currently used for ballroom dance instruction and personal fitness. Its configuration also supports creative studio or office use.
Key Highlights
- 2,002‑square‑foot commercial studio
- Open‑concept interior with two restrooms
- Currently used for ballroom dance and personal fitness
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,000
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$600,000
$600.0K
Cap Rate 7%
$428,571
$428.6K
Cap Rate 9%
$333,333
$333.3K
Market Conditions
NOI Build-Up for 2,002 SF
Gross rent
$43.2K $21.60/SF
− Vacancy
−$3.2K −$1.62/SF
EGI
$40.0K $19.98/SF
− OpEx
−$10.0K −$5.00/SF
NOI
$30.0K $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%
$600,000
Cap Rate 7%
$428,571
Cap Rate 9%
$333,333
Alternative Uses
Best Use
Office B
$428.6K
$375.0K – $500.0K
NOI $30,000 @ 7.0% cap · market cap 7.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$590.3K
$516.5K – $688.7K
NOI $41,321 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with authorities.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Creative space - The flexible interior accommodates studio or office use and includes two restrooms.
Where is this creative space located?
The property is located at 115 Magnolia Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 2,002‑square‑foot commercial studio; Open‑concept interior with two restrooms; Currently used for ballroom dance and personal fitness
