Historic Mixed-Use Building with
For Sale
$880,000
219 Magnolia Avenue, Daytona Beach, FL 32114
COMMERCIAL - Daytona Beach, FL
Property Size6,570 SF
Lot Size0.28 Acres
Price / SF$133.94
Days on Market128
Property Features for 219 Magnolia Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 3, Bathroom 4, Bathroom 1, Bathroom 5, Bathroom 2
Parking features
Off Street
Fencing
Chain Link
Accessibility
Accessible Approach with Ramp
Subdivision
Hodgmans
Lot features
Few Trees, Historic Area
Directions
When heading northeast on International Speedway Blvd turn right onto S Ridgewood Ave. After 0.1 miles turn left onto Magnolia Ave and after approximately 300 feet the destination will be on your left.
Standard status
Active
APN
5339-01-10-0054
Size
6,570 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
39-15-33 N 1/2 FT OF W 88 FT OF E 246 FT OF LOT 5 & W 68 FT OF E 246 FT OF LOT 6 BLK 10 HODGMANS DAYTONA MB 2 PG 82 MB 12 PG 13-15 PER OR 5207 PG 0555 PER OR 8143 PG 0721 PER OR 8411 PG 1349
Tax Annual Amount
6840
Legal Description
39-15-33 N 1/2 FT OF W 88 FT OF E 246 FT OF LOT 5 & W 68 FT OF E 246 FT OF LOT 6 BLK 10 HODGMANS DAYTONA MB 2 PG 82 MB 12 PG 13-15 PER OR 5207 PG 0555 PER OR 8143 PG 0721 PER OR 8411 PG 1349
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Window Unit(s)
Water source
Public
Amenities
courtyard
Building Details
Year built
1920
Floors in Building
2
Number of units
3
Flooring type
Tile, Wood
Building materials
Frame, Vinyl Siding
Roof type
Shingle
Listing Agency:
Oceans Luxury Realty Full Service LLC
(386) 236-3700
Listed By:
Dayanis Purucker · License #3366027
(386) 315-4450
Added: Apr 8
Changed: Aug 4
Last Checked: Aug 13 at 11:06AM
MLS# 1225045
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 for-sale mixed-use building includes two separate structures arranged around a large central open area. The fully renovated two-story main building features a basement for additional storage and a spacious courtyard designed to support indoor-outdoor use. The main structure has received multiple improvements, including a new roof, new windows, new plumbing, new HVAC, and a new water heater. Interior work is underway and includes new walls and flooring, with three potential bathrooms (including one ADA) roughed in to accommodate tenant or layout modifications.
A separate rear building provides built-in income with two apartments: a 2-bed/1-bath unit on the first floor and a 1-bed/1-bath unit upstairs. The property is located at 219 Magnolia Avenue in Daytona Beach, Florida.
The offering is presented with flexible use potential based on “unique opportunity zoning,” with documentation provided indicating multiple categories such as restaurant, lounge, cafe, medical or professional offices, boutique retail, wellness/spa, and studio uses.
A separate rear building provides built-in income with two apartments: a 2-bed/1-bath unit on the first floor and a 1-bed/1-bath unit upstairs. The property is located at 219 Magnolia Avenue in Daytona Beach, Florida.
The offering is presented with flexible use potential based on “unique opportunity zoning,” with documentation provided indicating multiple categories such as restaurant, lounge, cafe, medical or professional offices, boutique retail, wellness/spa, and studio uses.
Key Highlights
- Two‑building mixed‑use property with a large central open area and spacious courtyard
- Two‑story main building (built 1920) with basement for extra storage and multiple roughed‑in bathrooms, including an ADA bathroom
- Recent upgrades noted: new roof, new windows, new plumbing, new HVAC, and new water heater
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
$57,635
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
6.55%
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%
$1,152,700
$1.2M
Cap Rate 7%
$823,357
$823.4K
Cap Rate 9%
$640,389
$640.4K
Market Conditions
NOI Build-Up for 6,570 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
$91.5K $13.92/SF
− Vacancy
−$9.1K −$1.39/SF
EGI
$82.3K $12.53/SF
− OpEx
−$24.7K −$3.76/SF
NOI
$57.6K $8.77/SF
Area
Volusia County, FL
Vacancy
9.97%
Lease Rate
$13.92 /SF/Yr
Expense Ratio
30.00%
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%
$1,152,700
Cap Rate 7%
$823,357
Cap Rate 9%
$640,389
Alternative Uses
Best Use
Specialty Retail
$1.43M
$1.25M – $1.66M
NOI $99,768 @ 7.0% cap · market cap 11.34%
Second Best
Multifamily LT 5
$823.4K
$720.4K – $960.6K
NOI $57,635 @ 7.0% cap · market cap 6.55%
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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
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 Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Two-building property with a central courtyard, a renovated two-story main structure, and two residential units in a rear building.
Where is this triplex 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: Two‑building mixed‑use property with a large central open area and spacious courtyard; Two‑story main building (built 1920) with basement for extra storage and multiple roughed‑in bathrooms, including an ADA bathroom; Recent upgrades noted: new roof, new windows, new plumbing, new HVAC, and new water heater
