Mixed-Use Property with
For Sale
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219 Magnolia Avenue, Daytona Beach, FL 32114
Two-building Daytona Beach property combines flexible commercial space with two residential apartments.
Property Size6,570 SF
Price / SF$133.94
Days on Market193
Property Features for 219 Magnolia Avenue
General Information
Standard status
Active
Size
6,570 SF
Property subtype
Mixed Use
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
courtyard
Building Details
Year Built
1920
Buildings
2
Units
3
Listing Agency:
Oceans Luxury Realty Full Service LLC
Listed By:
Kevin Purucker · License #SL3325629
(386) 235-8190
Source:
Crexi
Added: Apr 8
Changed: Oct 11
Last Checked: Oct 16 at 7:27AM
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 Oceans Luxury Realty Full Service LLC
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Investment Insights
Based on property information with market context.
Built in 1920, the property includes a two-story primary building with basement storage and a central courtyard, plus a separate rear structure. The main building has a new roof, windows, plumbing, HVAC system, and water heater. Interior improvements include installed flooring and framed wall areas, with rough-ins for three bathrooms, including one ADA-accessible bathroom, allowing the next owner to complete the layout around its intended use.
The rear building contains two apartments: a first-floor two-bedroom, one-bath unit and an upstairs one-bedroom, one-bath unit. Together, the buildings provide 6,570 square feet and a combination of commercial and residential space at 219 Magnolia Avenue in downtown Daytona Beach, Florida. The courtyard adds outdoor area between the structures and complements the property's flexible configuration.
The rear building contains two apartments: a first-floor two-bedroom, one-bath unit and an upstairs one-bedroom, one-bath unit. Together, the buildings provide 6,570 square feet and a combination of commercial and residential space at 219 Magnolia Avenue in downtown Daytona Beach, Florida. The courtyard adds outdoor area between the structures and complements the property's flexible configuration.
Key Highlights
- 6,570‑square‑foot mixed‑use property at 219 Magnolia Avenue, Daytona Beach, FL 32114
- Two separate buildings with a central courtyard and basement storage
- Main building includes new roof, windows, plumbing, HVAC, and water heater
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,064
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,001,280
$1.0M
Cap Rate 7%
$715,200
$715.2K
Cap Rate 9%
$556,267
$556.3K
Market Conditions
NOI Build-Up for 6,570 SF
Gross rent
$101.7K $15.48/SF
− Vacancy
−$10.7K −$1.63/SF
EGI
$91.0K $13.85/SF
− OpEx
−$41.0K −$6.23/SF
NOI
$50.1K $7.62/SF
Area
Volusia County, FL
Vacancy
10.50%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,001,280
Cap Rate 7%
$715,200
Cap Rate 9%
$556,267
Alternative Uses
Best Use
Mixed Use
$1.16M
$1.01M – $1.35M
NOI $81,156 @ 7.0% cap · market cap 9.22%
Second Best
Apartment 5plus
$715.2K
$625.8K – $834.4K
NOI $50,064 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$1.94M
$1.70M – $2.26M
NOI $135,605 @ 7.0% cap · market cap 15.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,714
Businesses Nearby
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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 Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-building Daytona Beach property combines flexible commercial space with two residential apartments.
Where is this mixed-use property located?
The property is located at 219 Magnolia Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $880,000.
What are key features of this property?
This property features: 6,570‑square‑foot mixed‑use property at 219 Magnolia Avenue, Daytona Beach, FL 32114; Two separate buildings with a central courtyard and basement storage; Main building includes new roof, windows, plumbing, HVAC, and water heater
