Four-Unit Apartment
For Sale
$434,000
600 S SEGRAVE Street, Daytona Beach, FL 32114
Residential Income, DAYTONA BEACH, FL
Property Size2,016 SF
Lot Size0.20 Acres
Price / SF$215.28
Days on Market129
Property Features for 600 S SEGRAVE Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
MFR <10 UN
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 1, Bedroom 2, Bathroom 3, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 3
Interior features
Open Floorplan, Thermostat
Exterior features
Sidewalk
Appliances
Electric Water Heater, Range, Refrigerator
Subdivision
PECK BLK 28 DAYTONA
Directions
From ISB head south on US1 turn right (west) on Cedar St. 2 blocks 600 Segrave on the south west corner of Cedar and Segrave
Standard status
Active
APN
5339-48-00-0010
Size
2,016 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 1 & N 42 1/2 FT OF LOT 2 PECK SUB BLK 28 DAYTONA PER OR 5301 PG 1425 PER OR 7762 PG 3191 PER OR 7776 PG 4686 PER OR 7867 PG 2326 PER OR 8255 PG 0060
Tax Annual Amount
5702
Legal Description
LOT 1 & N 42 1/2 FT OF LOT 2 PECK SUB BLK 28 DAYTONA PER OR 5301 PG 1425 PER OR 7762 PG 3191 PER OR 7776 PG 4686 PER OR 7867 PG 2326 PER OR 8255 PG 0060
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1986
Floors in Building
1
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
ADAMS, CAMERON & CO., REALTORS
(386) 445-5595
Listed By:
Kristin Petersen · License #0583049
(386) 453-6930
Added: May 4
Changed: Sep 6
Last Checked: Sep 9 at 2:06PM
MLS# FC318287
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,016-square-foot quadplex contains four one-bedroom, one-bath units with open floor plans. Built in 1986, the block-and-stucco property includes central air, electric heating, public water and sewer, shingle roofing, and electric water heating. Recent improvements include a roof installed in 2025, updated bathroom vanities in 2022, and new stoves and refrigerators in Units 1 and 4.
The property occupies a 0.20-acre corner lot at 600 S Segrave Street in Daytona Beach, with additional parking and sidewalk access. MFR <10 UN zoning applies. Interior features include thermostats, while the property also offers cable availability, ranges, refrigerators, and a public sewer connection.
The property occupies a 0.20-acre corner lot at 600 S Segrave Street in Daytona Beach, with additional parking and sidewalk access. MFR <10 UN zoning applies. Interior features include thermostats, while the property also offers cable availability, ranges, refrigerators, and a public sewer connection.
Key Highlights
- Four 1‑bedroom, 1‑bath units totaling 2,016 square feet
- 0.20‑acre corner lot at 600 S Segrave Street, Daytona Beach
- Block‑and‑stucco construction completed in 1986
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,685
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$353,700
$353.7K
Cap Rate 7%
$252,643
$252.6K
Cap Rate 9%
$196,500
$196.5K
Market Conditions
NOI Build-Up for 2,016 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$28.1K $13.92/SF
− Vacancy
−$2.8K −$1.39/SF
EGI
$25.3K $12.53/SF
− OpEx
−$7.6K −$3.76/SF
NOI
$17.7K $8.77/SF
Area
Volusia County, FL
Vacancy
9.97%
Lease Rate
$13.92 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$353,700
Cap Rate 7%
$252,643
Cap Rate 9%
$196,500
Alternative Uses
Best Use
Multifamily LT 5
$252.6K
$221.1K – $294.8K
NOI $17,685 @ 7.0% cap · market cap 4.07%
Second Best
Apartment 5plus
$219.5K
$192.0K – $256.0K
NOI $15,362 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$594.4K
$520.1K – $693.5K
NOI $41,610 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
831
Businesses Nearby
Explore this area
Business Placement
Demographics for 32114, FL
34,943
Population
17,118
Households
2
Avg Household Size
33
Median Age
19%
College-Educated
89%
High-School Grad
16.0 sq mi
ZIP Area
2,184
Density / Sq Mi
$39,906
Median Household Income
$31,220
Median Earnings
$1,171
Median Rent
$174,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Block-and-stucco construction with refreshed interiors, central cooling, public utilities, and a corner-lot setting with additional parking.
Where is this quadplex located?
The property is located at 600 S SEGRAVE Street Daytona Beach, FL.
What is the asking price?
The asking price for this property is $434,000.
What are key features of this property?
This property features: Four 1‑bedroom, 1‑bath units totaling 2,016 square feet; 0.20‑acre corner lot at 600 S Segrave Street, Daytona Beach; Block‑and‑stucco construction completed in 1986
