Fully Renovated Live-Work
306 SHELDON STREET New Smyrna Beach, FL 32168
New
For Sale
$319,000
1939 wood-frame, mixed-use zoned cottage with open floor plan, 3 beds, 1 bath, and covered front porch.
Property Size1,162 SF
Price / SF$274.53
Days on Market5
Property Features for 306 SHELDON STREET
General Information
- Standard status
- Active
- Size
- 1,162 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1939
Listing Agency:
BUY AND RENT AT THE BEACH RLTY
(386) 402-1237
Listed By:
Cindy Homfeld · License #3260949
Source:
Endlesssummerrealty
Added: Jul 22
Changed: Jul 25
Last Checked: Jul 25 at 12:02PM
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 BUY AND RENT AT THE BEACH RLTY
Investment Insights
Based on property information with market context.
Fully renovated 1939 wood-frame live-work cottage offering an open floor plan with 3 bedrooms and 1 bathroom, approximately 1,200 square feet, and classic coastal-cottage character. The property also includes a freshly landscaped yard, a covered front porch, and a backyard seating area. Offered turnkey and all on one deed.
Set in the heart of New Smyrna Beach’s Historic Westside district at 306 Sheldon Street, the home is within a short walk to the Canal Street commercial and dining corridor. Mixed-use zoning (M-U) is the standout feature, as it legally permits short-term rental, retail, or service-business use on this exact parcel, providing flexibility for buyers seeking multiple operational options.
Set in the heart of New Smyrna Beach’s Historic Westside district at 306 Sheldon Street, the home is within a short walk to the Canal Street commercial and dining corridor. Mixed-use zoning (M-U) is the standout feature, as it legally permits short-term rental, retail, or service-business use on this exact parcel, providing flexibility for buyers seeking multiple operational options.
Key Highlights
- Fully renovated 1939 wood‑frame cottage on one deed with mixed‑use (M‑U) zoning
- 3 bedrooms, 1 bath with an open floor plan across approximately 1,200 SF
- M‑U zoning legally permits short‑term rental, retail, or service‑business use on the parcel
Financial Insights For Office B
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 | $25.1k | $21.60 |
| − Vacancy | −$1.9k | −$1.62 |
| EGI | $23.2k | $19.98 |
| − OpEx | −$5.8k | −$5.00 |
| NOI | $17.4k | $14.99 |
1,162 SF · lease $21.60/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$248.8K
$217.7K – $290.2K
NOI $17,413 @ 7.0% cap · market cap 5.46%
Second Best
Mixed Use
$205.1K
$179.4K – $239.2K
NOI $14,354 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$342.6K
$299.8K – $399.7K
NOI $23,984 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Live-work space
FAQs
What type of property is this?
Live-work space - 1939 wood-frame, mixed-use zoned cottage with open floor plan, 3 beds, 1 bath, and covered front porch.
Where is this live-work space located?
The property is located at 306 SHELDON STREET New Smyrna Beach, FL.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: Fully renovated 1939 wood‑frame cottage on one deed with mixed‑use (M‑U) zoning; 3 bedrooms, 1 bath with an open floor plan across approximately 1,200 SF; M‑U zoning legally permits short‑term rental, retail, or service‑business use on the parcel
