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    Property profile & analytics

    109 Magnolia St New Smyrna Beach, FL 32168

    • Investment properties
    • 2,658 SF
    • 0.07 lot acres
    For Sale
    View listing
    $1,150,000
    Last Sale
    May 10, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5439793
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Investment properties

    Property Details for 109 Magnolia St

    Year built
    1901
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.07 lot acres
    Property size
    2,658 SF
    Zone code
    B1
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    7441-38-01-0460
    APU
    744138010460

    Description

    This exceptional mixed-use property at 109 Magnolia Street in the heart of historic New Smyrna Beach, Florida, presents a unique investment opportunity. Boasting 2,700 square feet on a 3,079.69 square foot lot, this 1901-built building is situated just off Canal Street, offering unparalleled access to the vibrant downtown area. Currently occupied by a tenant (business not for sale), this versatile space is ideal for a variety of uses, including office, restaurant, or bar. The building's layout includes four private offices, one executive suite complete with a fireplace, six cubicle offices, a spacious breakroom/kitchen, a conference room, a storage room, and a reception area. Its convenient location and substantial size make it an attractive proposition for both investors and business owners. The building's unique feature is its double frontage, running from street to street, providing two convenient entrances. This prime location in the thriving downtown area of New Smyrna Beach offers high visibility and easy access for customers and employees. The asking price is $1,150,000. Don't miss this chance to acquire a piece of New Smyrna Beach history.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New Smyrna Beach
    County
    Volusia
    State
    Florida
    Longitude
    -80.9218
    Latitude
    29.0248
    CBSA code
    19660
    CBSA name
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,591
    $31,612
    $114,364
    $145,976
    -
    $31,612
    $114,364
    $145,976

    Comparable in this City

    • Value Estimation
      $865,000
      1,800 SF

      3637 State Rd 44

      STORE/OFFICE (MIXED USE) • 1,800 SF
      3637 State Rd 44, New Smyrna Beach, FL 32168-8888
      View Details
    • Value Estimation
      $1,545,000
      5,157 SF

      115 Orange St

      STORE/OFFICE (MIXED USE) • 5,157 SF
      115 Orange St, New Smyrna Beach, FL 32168-7027
      View Details
    • Value Estimation
      $2,125,000
      12,972 SF

      1889 State Rd 44

      STORE/OFFICE (MIXED USE) • 12,972 SF
      1889 State Rd 44, New Smyrna Beach, FL 32168-8342
      View Details
    • Value Estimation
      $590,000
      3,416 SF

      35 Fairgreen Ave

      STORE/OFFICE (MIXED USE) • 3,416 SF
      35 Fairgreen Ave, New Smyrna Beach, FL 32168-6198
      View Details
    • Value Estimation
      $530,000
      1,300 SF

      824 Ingham Rd

      STORE/OFFICE (MIXED USE) • 1,300 SF
      824 Ingham Rd, New Smyrna Beach, FL 32168-8536
      View Details
    • Value Estimation by Request
      2,112 SF

      219 Live Oak St

      STORE/OFFICE (MIXED USE) • 2,112 SF
      219 Live Oak St, New Smyrna Beach, FL 32168-7115
      View Details

    Similar Nearby for Sale

    • $325,000
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      Mixed-Use Property in Opportunity Zone

      Duplex with potential for additional units or short-term rentals.
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      New Smyrna Beach Mixed-Use Property

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    • $995,000
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      Mixed-Use Quadruplex Near Canal Street

      Meticulously maintained quadruplex in downtown New Smyrna Beach, Florida.
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    • $225,000

      Mixed-Use Property in Historic District

      Mixed-use property in historic district, suitable for commercial or residential.
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      Historic District Mixed-Use Gem

      Versatile Commercial Property, Prime Location
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    Similar Nearby for Lease

    • $99,840

      Renovated Mixed-Use Building on Canal

      Completely renovated mixed-use building in historic New Smyrna Beach.
      419 Canal St, New Smyrna Beach, FL 32168
      View Details
    • $35 SF/Yr
      3,120 SF

      Canal Street Mixed-Use Space

      Historic New Smyrna Beach gem. Ideal for coworking.
      419 Canal St, New Smyrna Beach, FL 32168
      View Details
    • Contact for pricing
      6 SF

      Retail Space For Lease

      Retail space available for lease.
      1724 Florida 44, New Smyrna Beach, FL 32168
      View Details
    • New
      $3,000 /Mo
      2,000 SF

      Commercial Space in New Smyrna Beach

      Commercial space with garage, outdoor area, and office.
      210 Magnolia St, New Smyrna Beach, FL 32168
      View Details
    • $22 SF/Yr
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      Venetian Bay Deli Space For Lease

      Prime 2,015 SF Deli, High-Traffic Location
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      View Details
    • $15 SF/Yr
      16,500 SF

      Park Center II: Office Warehouse Space

      Prime New Smyrna Beach Office/Warehouse
      1311 Dixie Fwy, New Smyrna Beach, FL 32168
      View Details
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    New Smyrna Beach, FL 32168
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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