Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    200 S Oleander Ave Daytona Beach, FL 32118

    Sponsored
    For Sale
    $525,000

    MULTI_FAMILY - Daytona Beach, FL

    Property size:
    2,819 SF
    Lot size:
    0.13 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 25 at 6:06 pm

    Property Features for 200 S Oleander Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 5, Bedroom 2, Bedroom 1, Bathroom 3, Bathroom 1, Bedroom 7, Bathroom 5, Bedroom 6, Bathroom 4
    Bedrooms
    7
    Bathrooms
    5
    APN
    5309-07-22-0010
    Parking features
    Off Street
    Appliances
    Refrigerator, Electric Range
    Size
    2,819 SF
    Lot size
    0.13 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Varies by Unit (Heating)
    Cooling system
    Window Unit(s), Wall/Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1948
    Number of units
    5
    Building materials
    Concrete
    Roof type
    Shingle

    We can help!

    Listing Contact
    Mike Bretzel

    Keller Williams Realty Florida Partners (386) 944-2800

    Listing agent Mike Bretzel (386) 631-5757

    Listing date Feb 25, 2026

    MLS# 1223393 Listing URL

    Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Renovated Multifamily Building Near Beach

    This fully occupied 5-unit multifamily building is located just four streets from the beach. The property features durable construction and full renovations. Each unit has been thoughtfully updated, offering clean, modern interiors. A 2021 roof further strengthens the property's low-maintenance profile. The layout includes one 3-bedroom/1-bath unit, one 2-bedroom/1-bath unit, two 1-bedroom/1-bath units, and one studio. The property is professionally operated and currently home to long-standing tenants, creating reliable income. A trusted local management company has successfully overseen the building for years and can remain in place for a seamless transition, or the new owner can choose to self-manage. With quick access to the Atlantic Ocean, Intracoastal Waterway, Daytona Beach Pier, Speedway, I-95, and I-4, the location continues to drive strong rental demand. The property contains 2,819 square feet and sits on a 0.13-acre lot in Daytona Beach, Florida. It is located in Volusia County. This turnkey beachside investment is positioned for immediate cash flow.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.00926
    Latitude
    29.221811

    Nearby Similar for Sale

    • New
      $799,900
      7,172 SF

      Daytona Beach Mixed-Use Opportunity

      Versatile mixed-use property with retail, office, and warehouse space.
      529 Ridgewood Ave, Daytona Beach, FL 32117
      View Details
    • New
      $950,000
      6,300 SF

      Daytona Beach Retail/Warehouse Building

      Renovated retail and warehouse space with high visibility.
      719 N Ridgewood Ave, Daytona Beach, FL 32114
      View Details
    • New
      $448,370
      Pending

      Daytona Beach Commercial Building

      Freestanding commercial building in high-traffic area near the beach.
      523 N Peninsula Dr, Daytona Beach, FL 32118
      View Details
    • New
      $339,000
      2,060 SF

      Daytona Beach Two-Story Office Building

      Two-story office building in downtown Daytona Beach with historic charm.
      339 S Ridgewood Ave, Daytona Beach, FL 32114
      View Details
    • $350,000
      1,476 SF

      Daytona Beach Commercial Building

      Versatile commercial building in Daytona Beach, suitable for various businesses.
      631 N Ridgewood Ave, Daytona Beach, FL 32114
      View Details
    • $699,000
      4,110 SF

      Established Strip Mall For Sale

      Fully rented strip mall with long-term tenants and great road frontage.
      2335 S Ridgewood Ave, Daytona Beach, FL 32119
      View Details
    • $899,000
      6,700 SF

      Daytona Beach Commercial Corner Lot

      6,700 SF commercial property with 8 automotive bays.
      401 Mason Ave, Daytona Beach, FL 32117
      View Details
    • $400,000
      Pending

      Climate-Controlled Warehouse/Office Space

      Versatile warehouse/office space with climate control and flexible loading.
      555 8Th St, Daytona Beach, FL 32117
      View Details
    • $300,000
      1,880 SF

      Daytona Beach Two-Story Office Building

      Two-story office building in Daytona Beach with high visibility.
      429 N Ridgewood Ave, Daytona Beach, FL 32114
      View Details
    • New
      $370,000
      3,300 SF

      Turnkey Restaurant in Daytona Beach

      Fully operational pizza restaurant in Daytona Beach's entertainment district.
      615 Seabreeze Blvd, Daytona Beach, FL 32118
      View Details
    • $849,000
      6,600 SF

      Daytona Beach Shores Live-Work Property

      Live and work in this unique property near the beach.
      2020 S Atlantic Ave, Daytona Beach, FL 32118
      View Details
    • New
      $294,000
      Pending

      Waterfront Commercial Property For Sale

      Prime commercial waterfront property with direct Halifax River access.
      801 N Beach St, Daytona Beach, FL 32114
      View Details

    FAQs

    What type of property is this?
    Apartment building - Fully occupied, renovated 5-unit building near Daytona Beach.
    Where is this apartment building located?
    The property is located at 200 S Oleander Ave Daytona Beach, FL.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: - Fully renovated, low-maintenance 5-unit building in a desirable beachside location.; - Diverse unit mix attracts a broad tenant base and ensures consistent occupancy.; - Strong rental income from day one with long-standing tenants and professional management in place.
    (386) 631-5757
    Request Owner's contact information
    200 S Oleander Ave Daytona Beach, FL 32118
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    200 S Oleander Ave
    Daytona Beach, FL 32118
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    200 S Oleander Ave Daytona Beach, FL 32118
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Mike Bretzel
    (386) 631-5757
    Learn more
    Google sign-in failed. Please try again or use another login method.