Two-Building Mixed-Use
For Sale
$880,000
219 Magnolia Avenue, Daytona Beach, FL 32114
Commercial Sale, Daytona Beach, FL
Property Size6,570 SF
Lot Size0.28 Acres
Price / SF$133.94
Days on Market138
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 2, Bathroom 5, Bathroom 4, Bathroom 1, Bathroom 3
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
Wood, Tile
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 20
Last Checked: Aug 23 at 10:06AM
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 mixed-use property includes two separate buildings arranged around a central open area. The 6,570-square-foot main structure was built in 1920 and has two stories plus a basement. Recent improvements include a new roof, windows, plumbing, HVAC system, water heater, interior walls, and flooring. Three bathroom locations are roughed in, including one designed for ADA accessibility. Wood and tile flooring, central heating, central air, window units, public water, and public sewer are also in place.
The rear building contains two apartments: a first-floor two-bedroom, one-bath unit and an upstairs one-bedroom, one-bath unit. A central courtyard provides additional outdoor space, while off-street parking and a ramped accessible approach support the property. Located at 219 Magnolia Avenue in Daytona Beach, the 0.28-acre property is described as suitable for restaurant, lounge, cafe, medical or professional office, boutique retail, wellness, spa, and studio uses.
The rear building contains two apartments: a first-floor two-bedroom, one-bath unit and an upstairs one-bedroom, one-bath unit. A central courtyard provides additional outdoor space, while off-street parking and a ramped accessible approach support the property. Located at 219 Magnolia Avenue in Daytona Beach, the 0.28-acre property is described as suitable for restaurant, lounge, cafe, medical or professional office, boutique retail, wellness, spa, and studio uses.
Key Highlights
- 6,570‑square‑foot mixed‑use property on 0.28 acres
- Two buildings with a central courtyard and basement storage
- Rear building includes a 2‑bed/1‑bath apartment and a 1‑bed/1‑bath apartment
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
Mixed Use
$1.16M
$1.01M – $1.35M
NOI $81,156 @ 7.0% cap · market cap 9.22%
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
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?
Mixed-use property - Renovated main building with courtyard, basement storage, and a separate rear building containing two 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 on 0.28 acres; Two buildings with a central courtyard and basement storage; Rear building includes a 2‑bed/1‑bath apartment and a 1‑bed/1‑bath apartment
