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    The Largest CRE Database in the US with Over 1 Million Listings

    644 Northern Rd South Daytona, FL 32119

    Sponsored
    For Sale
    $995,000

    COMMERCIAL - South Daytona, FL

    Property size:
    8,016 SF
    Lot size:
    0.45 Acres
    Days on Market:
    57
    Last Refresh:
    Feb 4 at 3:06 pm

    Property Features for 644 Northern Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 75, Bathroom 23, Bathroom 43, Bathroom 32, Bathroom 22, Bathroom 89, Bathroom 21, Bathroom 40, Bathroom 33, Bathroom 27, Bathroom 51, Bathroom 77, Bathroom 1, Bathroom 85, Bathroom 31, Bathroom 68, Bathroom 3, Bathroom 24, Bathroom 14, Bathroom 67, Bathroom 78, Bathroom 16, Bathroom 56, Bathroom 13, Bathroom 29, Bathroom 5, Bathroom 48, Bathroom 20, Bathroom 90, Bathroom 6, Bathroom 80, Bathroom 64, Bathroom 86, Bathroom 58, Bathroom 19, Bathroom 74, Bathroom 71, Bathroom 41, Bathroom 53, Bathroom 25, Bathroom 8, Bathroom 28, Bathroom 34, Bathroom 83, Bathroom 7, Bathroom 82, Bathroom 45, Bathroom 60, Bathroom 63, Bathroom 46, Bathroom 70, Bathroom 73, Bathroom 52, Bathroom 59, Bathroom 72, Bathroom 81, Bathroom 61, Bathroom 54, Bathroom 44, Bathroom 17, Bathroom 35, Bathroom 88, Bathroom 36, Bathroom 38, Bathroom 9, Bathroom 30, Bathroom 50, Bathroom 57, Bathroom 62, Bathroom 84, Bathroom 15, Bathroom 65, Bathroom 4, Bathroom 79, Bathroom 10, Bathroom 42, Bathroom 87, Bathroom 47, Bathroom 55, Bathroom 66, Bathroom 26, Bathroom 12, Bathroom 37, Bathroom 2, Bathroom 39, Bathroom 69, Bathroom 11, Bathroom 76, Bathroom 49, Bathroom 18
    Bathrooms
    12
    APN
    5329-13-19-0011
    Parking features
    Assigned, Off Street
    Size
    8,016 SF
    Lot size
    0.45 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1981
    Floors in Building
    2
    Number of units
    6
    Flooring type
    Tile, Laminate
    Building materials
    Block, Frame, Stucco
    Roof type
    Rolled Hot Mop

    We can help!

    Listing Contact
    Matthew Renshaw

    Realty Pros Assured

    Listing agent Matthew Renshaw (386) 441-7653

    Listing date Dec 10, 2025

    MLS# 1220741

    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

    South Daytona Multifamily Investment Property

    Located in South Daytona, this multi-family complex features six two-bedroom townhouse-style units. The units are fully rented on annual leases, with some long-term tenants. Tenants are responsible for their own utilities, which minimizes owner expenses. The complex is situated a short drive from the beach and offers proximity to schools, shopping, restaurants, medical facilities, and golf courses. The property occupies a 0.45-acre lot. The property size is 8,016 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    South Daytona
    County
    Volusia
    State
    Florida
    Longitude
    -81.015909
    Latitude
    29.179444

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    FAQs

    What type of property is this?
    Apartment building - Six townhouse-style units, fully rented, near beaches and amenities.
    Where is this apartment building located?
    The property is located at 644 Northern Rd South Daytona, FL.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: - Fully rented 6-unit townhouse complex with annual leases.; - Approximately 7.5% CAP rate.; - Tenants pay their own utilities, minimizing owner expenses.
    (386) 677-1211
    Request Owner's contact information
    644 Northern Rd South Daytona, FL 32119
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    South Daytona, FL 32119
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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
    644 Northern Rd South Daytona, FL 32119
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    We can help!
    Listing Contact
    Matthew Renshaw
    (386) 677-1211
    Learn more
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