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    4685 Magnolia Rd New Smyrna Beach, FL 32168

    For Sale
    $199,000

    7.5-Acre Lot, Partially Cleared, Utilities

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 7.5-acre commercial land parcel, located at 4685 Magnolia Road in New Smyrna Beach, Florida, presents a unique investment opportunity. Priced at $199,000, this property boasts a substantial 326,264.4 square foot lot size (Parcel # 723100000471). Conveniently situated just 15 minutes from I-95, the land offers complete privacy due to its secluded location. The property is partially cleared and includes a small enclosed structure, adding potential for immediate use or future development. Existing infrastructure includes a 125-foot deep well and electric power, further enhancing its appeal. An elevated driveway extends from the front gate to the well and electric box, providing convenient access. The seller is actively improving the land and is committed to assisting the buyer in obtaining a non-conforming lot letter (required for lots under 10 acres) and a biological/wetland determination survey. Prospective buyers are encouraged to conduct their own due diligence. All information provided is believed to be accurate but is not guaranteed. This property offers significant potential for a variety of commercial ventures, making it an attractive investment in a desirable Florida location. The property's size and existing utilities make it ready for immediate development or long-term holding.

    Property Features for 4685 Magnolia Rd

    General Information

    Property type
    Land

    HighLights

    • $199,000 asking price for 7.5 acres of commercial land.
    • Located at 4685 Magnolia Road, New Smyrna Beach, FL 32168.
    • Parcel # 723100000471.
    • 326,264.4 square foot lot size.
    • Partially cleared with existing well and electric power.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New Smyrna Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.1326332
    Latitude
    28.9803487

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    FAQs

    What type of property is this?
    Land - 7.5-Acre Lot, Partially Cleared, Utilities
    Where is this land located?
    The property is located at 4685 Magnolia Rd New Smyrna Beach, FL.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: $199,000 asking price for 7.5 acres of commercial land.; Located at 4685 Magnolia Road, New Smyrna Beach, FL 32168.; Parcel # 723100000471.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4685 Magnolia Rd New Smyrna Beach, FL 32168
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