204 MAGNOLIA St New Smyrna Beach, FL 32168
Three-story mixed-use property in the heart of Canal Street.
Property Features for 204 MAGNOLIA St
General Information
- Standard status
- Active
- Size
- 6,753 SF
- Lot size
- 0.22 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1927
Listing office Glory International Real Estat (386) 775-7778
Listing date Mar 10, 2026
Source Elliman
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Investment Insights
Based on property information with market context.
Key Highlights
- Prime location in the heart of the Canal Street Historic District, steps from dining, shopping, and arts.
- Mixed‑use zoning offers flexibility for commercial, residential, or creative ventures.
- Substantial 6,753 sq ft, three‑story building with income potential from existing apartments.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $101.3k | $15.00 |
| − Vacancy | −$10.4k | −$1.55 |
| EGI | $90.9k | $13.46 |
| − OpEx | −$27.3k | −$4.04 |
| NOI | $63.6k | $9.42 |
