Climate-Controlled Self-Storage
New
For Sale
Contact for pricing
720 MAGNOLIA ST, New Smyrna Beach, FL 32168
The package combines two New Smyrna Beach properties with 329 storage spaces and controlled entry at the Live Oak location.
Property Size34,717 SF
Days on Market6
Property Features for 720 MAGNOLIA ST
General Information
Standard status
Active
Size
34,717 SF
Property subtype
Warehouse
Zoning
light industrial
Financials
Asking Price
$6,800,000
Business Included
Yes
Warehouse & Industrial
Conditioned Warehouse
Yes
Self-Storage Units
329
Taxes and HOA fees
Annual Taxes
$24,841
Amenities
Climate controlled
PDK keypads for 24 hour access
Camera/security system
Building Details
Building Size
34,717 SF
Year Built
1988
Year Renovated
2023
Listing Agency:
KINCAID REALTY
Listed By:
Regina Heustess · License #3103344
(386) 527-1082
Source:
Thefullerproperties
Added: Oct 14
Changed: Oct 18
Last Checked: Oct 19 at 1:46PM
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 KINCAID REALTY
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Investment Insights
Based on property information with market context.
This self-storage offering combines an 18,625-square-foot building on Magnolia Street with nine units in a 14-unit industrial complex on Live Oak Street. The nine units are configured for storage, each measuring approximately 1,800 square feet, and have or can accommodate a 10-by-12-foot roll-up door. The properties together contain 329 individual storage spaces and include climate-controlled storage.
The Live Oak units have PDK keypad entry for 24-hour access. Both buildings have a camera and security system. The Magnolia Street building received a roof, Hardie board gables, paint, and gutters in 2023. Exterior paint, a new roof, Hardie board gables, and gutters are planned for the Live Oak Street building in 2026. The storage business has served the local community for more than 30 years.
The Live Oak units have PDK keypad entry for 24-hour access. Both buildings have a camera and security system. The Magnolia Street building received a roof, Hardie board gables, paint, and gutters in 2023. Exterior paint, a new roof, Hardie board gables, and gutters are planned for the Live Oak Street building in 2026. The storage business has served the local community for more than 30 years.
Key Highlights
- 329 individual storage spaces across the two properties
- 18,625‑square‑foot Magnolia Street storage building
- Nine Live Oak units, each approximately 1,800 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$342,657
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,853,140
$6.9M
Cap Rate 7%
$4,895,100
$4.9M
Cap Rate 9%
$3,807,300
$3.8M
Market Conditions
NOI Build-Up for 34,717 SF
Gross rent
$520.8K $15.00/SF
− Vacancy
−$31.2K −$0.90/SF
EGI
$489.5K $14.10/SF
− OpEx
−$146.9K −$4.23/SF
NOI
$342.7K $9.87/SF
Area
Volusia County, FL
Vacancy
6.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,853,140
Cap Rate 7%
$4,895,100
Cap Rate 9%
$3,807,300
Alternative Uses
Best Use
Self Storage
$4.90M
$4.28M – $5.71M
NOI $342,657 @ 7.0% cap · market cap 5.04%
Second Best
Warehouse
$3.99M
$3.49M – $4.65M
NOI $279,218 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$10.24M
$8.96M – $11.94M
NOI $716,559 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,262
Businesses Nearby
Explore this area
Business Placement
Demographics for 32168, FL
30,058
Population
16,439
Households
1.8
Avg Household Size
54
Median Age
31%
College-Educated
93%
High-School Grad
153.9 sq mi
ZIP Area
195
Density / Sq Mi
$72,967
Median Household Income
$41,076
Median Earnings
$1,608
Median Rent
$310,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Self storage facility - The package combines two New Smyrna Beach properties with 329 storage spaces and controlled entry at the Live Oak location.
Where is this self storage facility located?
The property is located at 720 MAGNOLIA ST New Smyrna Beach, FL.
What is the asking price?
The asking price for this property is $6,800,000.
What are key features of this property?
This property features: 329 individual storage spaces across the two properties; 18,625‑square‑foot Magnolia Street storage building; Nine Live Oak units, each approximately 1,800 square feet
