Creative Studio with Two
For Sale
Under Contract
$425,000
115 Magnolia Avenue, Daytona Beach, FL 32114
COMMERCIAL - Daytona Beach, FL
Property Size2,002 SF
Lot Size0.04 Acres
Price / SF$212.29
Days on Market294
Property Features for 115 Magnolia Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking features
Parking Lot
Subdivision
Wall Street Lofts Condo
Lot features
Historic Area
Directions
From ISB turn right onto Ridgewood, then left onto Magnolia. The property will be approx two blocks down on the right.
Standard status
Active Under Contract
APN
5339-A9-00-1150
Size
2,002 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
UNIT 115 WALL STREET LOFTS CONDOMINIUM PER OR 5762 PG 128 PER OR 5965 PG 1835 PER OR 5791 PGS 3678-3680
Tax Annual Amount
5250
HOA Fee
$1,579 Quarterly
Legal Description
UNIT 115 WALL STREET LOFTS CONDOMINIUM PER OR 5762 PG 128 PER OR 5965 PG 1835 PER OR 5791 PGS 3678-3680
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air, Ceiling Fan(s)
Water source
Public
Building Details
Year built
2006
Number of units
1
Flooring type
Vinyl
Building materials
Block, Concrete, Stucco
Listing Agency:
Oceans Luxury Realty Full Service LLC
(386) 236-3700
Listed By:
Dayanis Purucker · License #3366027
(386) 315-4450
Added: Oct 22, 2025
Changed: Aug 4
Last Checked: Aug 11 at 11:06PM
MLS# 1219167
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.
Located at 115 Magnolia Avenue in Daytona Beach’s Historic District, this 2,002-square-foot commercial studio at Wall Street Lofts is currently set up as a ballroom dance studio and personal fitness parlor. The space features an open-concept layout, high and dry construction, and two restrooms, giving it flexibility for day-to-day operations.
The property’s configuration supports an active, customer-facing studio environment, with utility provided through two restroom facilities. A covered, character-driven setting within the historic area makes the studio a practical fit for users seeking a distinctive storefront-style space rather than a generic buildout.
The property’s configuration supports an active, customer-facing studio environment, with utility provided through two restroom facilities. A covered, character-driven setting within the historic area makes the studio a practical fit for users seeking a distinctive storefront-style space rather than a generic buildout.
Key Highlights
- 2,002 sq. ft. commercial studio in Daytona Beach’s Historic District (Wall Street Lofts)
- Current use includes a ballroom dance studio and personal fitness parlor
- Two restrooms and an open‑concept layout
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
$30,000
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
7.06%
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%
$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
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
$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 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%
$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.
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?
Creative space - Open-concept commercial studio with two restrooms and high-and-dry construction in Historic Daytona Beach.
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 sq. ft. commercial studio in Daytona Beach’s Historic District (Wall Street Lofts); Current use includes a ballroom dance studio and personal fitness parlor; Two restrooms and an open‑concept layout
