Versatile New Smyrna Beach
405 Magnolia Street New Smyrna Beach, FL 32168
405 Magnolia Street, New Smyrna Beach, FL, 32168
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For Sale
Contact for pricing
Adaptable property in the heart of New Smyrna Beach.
Property Size1,808 SF
Price / SF$300.88
Days on Market163
Property Features for 405 Magnolia Street
General Information
- Standard status
- Active
- Size
- 1,808 SF
- Property subtype
- Mixed Use, Special Purpose, Hospitality
Building Details
- Year Built
- 1916
Listing Agency
The Keyes Company
(386) 690-1636
Listed by
Travous Dever · License #3088591
Source
Crexi
Added: Feb 5 Checked: Jul 14 at 7:39 pm
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 The Keyes Company
Investment Insights
Based on property information with market context.
This 4-bedroom, 2-bath property is located in the heart of New Smyrna Beach on a versatile lot where the Arts Overlay District, Historic District, and R-5 Bed & Breakfast zoning converge. The property offers flexibility for residential and commercial use and is ideal for a live/work setup, select home-based businesses, creative studios, professional offices, or conversion to a Bed & Breakfast. Mature landscaping enhances its Southern charm, and front and rear porches set the tone for Florida living. Recent updates to the first-floor bathroom and chef-style kitchen with custom tile and newer appliances provide modern comfort while preserving historic character. Original hardwood floors run throughout the 1,808 square foot home. The first floor features a living room with a brick wood-burning fireplace, a separate dining area, updated kitchen, full bath, and a first-floor bedroom. Upstairs are the remaining bedrooms. Both porches feature new wood decking. Additional improvements include Andersen windows, storm doors, and a newer A/C system. The cleared backyard includes a hot tub surrounded by mature landscaping. Located minutes from dining, shopping, Riverside Park, the Brannon Center, arts venues, and the Atlantic Ocean, this property is positioned for residential living, income potential, or blended commercial use.
Key Highlights
- Rare, highly versatile lot with Arts Overlay District, Historic District, and R‑5 Bed & Breakfast zoning.
- Ideal live/work setup with potential for home‑based businesses.
- Updated chef‑style kitchen with custom tile and newer appliances, plus updated first‑floor bathroom.
Local 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 | $39.1k | $21.60 |
| − Vacancy | −$2.9k | −$1.62 |
| EGI | $36.1k | $19.98 |
| − OpEx | −$9.0k | −$5.00 |
| NOI | $27.1k | $14.99 |
1,808 SF · lease $21.60/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$387.0K
$338.7K – $451.6K
NOI $27,093 @ 7.0% cap · market cap 4.98%
Second Best
Mixed Use
$319.0K
$279.2K – $372.2K
NOI $22,333 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$533.1K
$466.5K – $622.0K
NOI $37,317 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Adaptable property in the heart of New Smyrna Beach.
Where is this mixed-use property located?
The property is located at 405 Magnolia Street New Smyrna Beach, FL.
What is the asking price?
The asking price for this property is $544,000.
What are key features of this property?
This property features: Rare, highly versatile lot with Arts Overlay District, Historic District, and R‑5 Bed & Breakfast zoning.; Ideal live/work setup with potential for home‑based businesses.; **Updated chef‑style kitchen with custom tile and newer appliances, plus updated first‑floor bathroom.**
