Entity Owned 
For Sale
1 / 39
$1,299,000
208 Magnolia St, New Smyrna Beach, FL 32168
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Property summary
AI-generated overview
A historic commercial building constructed in 1934 located at 208 Magnolia St., New Smyrna Beach, Florida. The property is in the MU (mixed-use) zoning district, supporting a range of business uses such as a wine bar, deli, restaurant, or martini bar. The building retains vintage features, including three old-fashioned gas pumps and metal canopied work areas; the original gas tanks were removed in 2006. Interior accommodations include two bathrooms, each with a shower. The property is situated one block from Canal Street and near Riverside Park, with proximity to The Hub on Canal, a community arts center, and within an area near local dining and beverage establishments. The site provides access for both vehicle and pedestrian traffic.
Property profile
Verified
Property type
Other retail properties
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1934
Construction
WOOD
Total area
1,184 SF
Lot
0.22 ac (9,750 SF)
Zoning code
B1
APN
7441-38-09-0930
UPID
US19-0764363
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Car Dealership
-
Auto Repair Shop
-
(Bike/Boat/Book/etc) Store Car Dealership
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$870k
Owner & transaction history
since 2021
Last sale
$899,000
6 recorded transactions
Zoning & alternative use
B1 · New Smyrna Beach, FL
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$870k
Value range
$783k – $957k
±10% around blend
Estimated value / SF
$735 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
Income certainty
100
$783k
blend $870k
$957k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,184 SF
Lot area
0.22 ac
Year built
1934
Stories
1
APN
7441-38-09-0930
Zoning
B1
Assessed value
$673,368
Annual tax
$10,814
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$10,814
Selected cap rate
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$870k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 93 sales
$144
+409%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $735/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
Selected market yield
3.74%
Selected cap rate for this other retail properties
Derived from the New Smyrna Beach market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 3.74%
9.0%
NOI (est.)
$49k *
Last sale · Sep 2021
$899k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.30M
Move the market yield to see immediate price impact.
Value / SF
$1,096
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.24%3.74%4.24%
$44k
$1.35M
$1.17M
$1.03M
$49k
$1.50M
$1.30M
$1.14M
$53k
$1.65M
$1.43M
$1.26M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$10,814
Tax year 2023
Assessed value
$673,368
Assessed 2023
Previous assessed
$544,078
+23.8% YoY
Effective rate
1.61%
On assessed value
Assessed land
$273,000
Assessed improvement
$400,368
Land market value
$273,000
Improvement market value
$400,368
Total market value
$673,368
Applied tax rate
601.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other retail properties
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
For Sale
Year built
1934
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
3
Stories
1
Bathrooms
2
Total area
1,184 SF
Lot
0.22 ac (9,750 SF)
Zoning code
B1
APN
7441-38-09-0930
UPID
US19-0764363
Jurisdiction
VOLUSIA
Zoning & alternative use
B1 · New Smyrna Beach, FLZoning B1 · permitted uses
B1 · New Smyrna Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1934
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
2
Lot
0.22 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
B1
Jurisdiction
New Smyrna Beach, FL
Recorded code
B1
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B1 in New Smyrna Beach, FL.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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