Multifamily
New
For Sale
$160,000
1012 10th St, Daytona Beach, FL 32117
The 1958 building is offered as-is and requires code compliance work.
Property Size1,430 SF
Price / SF$111.89
Days on Market2
Property Features for 1012 10th St
General Information
Standard status
Active
Size
1,430 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
Needs to be brought up to code
Building Details
Year Built
1958
Listing Agency:
Fame Real Estate LLC
Listed By:
Kevin Kling · License #3046851
(386) 999-4006
Source:
386realestate
Added: Oct 30
Changed: Oct 31
Last Checked: Oct 30 at 12:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fame Real Estate LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,430-square-foot multifamily property was built in 1958 and is being sold in its current condition. The building requires work to meet applicable code requirements and has been boarded for security.
Key Highlights
- 1,430‑square‑foot multifamily property
- Built in 1958
- Sold as‑is; requires work to meet code requirements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,897
Cap Rate
6.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$217,940
$217.9K
Cap Rate 7%
$155,671
$155.7K
Cap Rate 9%
$121,078
$121.1K
Market Conditions
NOI Build-Up for 1,430 SF
Gross rent
$22.1K $15.48/SF
− Vacancy
−$2.3K −$1.63/SF
EGI
$19.8K $13.85/SF
− OpEx
−$8.9K −$6.23/SF
NOI
$10.9K $7.62/SF
Area
Volusia County, FL
Vacancy
10.50%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$217,940
Cap Rate 7%
$155,671
Cap Rate 9%
$121,078
Alternative Uses
Best Use
Apartment 5plus
$155.7K
$136.2K – $181.6K
NOI $10,897 @ 7.0% cap · market cap 6.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$421.6K
$368.9K – $491.9K
NOI $29,515 @ 7.0% cap · market cap 18.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
625
Businesses Nearby
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Business Placement
Demographics for 32117, FL
28,223
Population
14,392
Households
2
Avg Household Size
43
Median Age
21%
College-Educated
90%
High-School Grad
12.0 sq mi
ZIP Area
2,352
Density / Sq Mi
$52,132
Median Household Income
$32,189
Median Earnings
$1,392
Median Rent
$175,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - The 1958 building is offered as-is and requires code compliance work.
Where is this multifamily property located?
The property is located at 1012 10th St Daytona Beach, FL.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: 1,430‑square‑foot multifamily property; Built in 1958; Sold as‑is; requires work to meet code requirements
