Duplex with Screened
New
For Sale
$479,900
1131-1133 Squirrel Nest Lane, Port Orange, FL 32129
Residential Income, Port Orange, FL
Property Size2,266 SF
Lot Size0.23 Acres
Price / SF$211.78
Days on Market3
Property Features for 1131-1133 Squirrel Nest Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 5, Bathroom 2, Bathroom 1, Bedroom 1, Bathroom 3, Bathroom 4, Bedroom 2, Bedroom 4, Bedroom 6
Parking
2
Parking features
Garage
Appliances
Washer, Refrigerator, Microwave, Electric Oven, Electric Cooktop, Dryer, Dishwasher
Subdivision
Southern Oaks
Lot features
Split Possible
Directions
South on Nova Rd. to west on Simms. Turn left onto Gatewood. Right onto Oak Forest, right onto Squirrels Nest.
Standard status
Active
APN
6308-20-00-0240
Size
2,266 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 24 SOUTHERN OAKS SUB MB 41 PG 181 PER OR 4825 PG 3043 PER OR 6175 PGS 3893-3894 PER OR 6980 PG 3566 PER OR 7817 PG 2669
Tax Annual Amount
3041
Legal Description
LOT 24 SOUTHERN OAKS SUB MB 41 PG 181 PER OR 4825 PG 3043 PER OR 6175 PGS 3893-3894 PER OR 6980 PG 3566 PER OR 7817 PG 2669
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1988
Floors in Building
1
Number of units
2
Flooring type
Carpet, Laminate
Building materials
Vinyl Siding
Roof type
Shingle
Listing Agency:
Keller Williams Realty Florida Partners
(386) 944-2800
Listed By:
Kelli Patton
(386) 871-7488
Added: Sep 1
Changed: Sep 3
Last Checked: Sep 3 at 7:06AM
MLS# 1230382
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.
Investment Insights
Based on property information with market context.
This duplex presents both sides for sale, with a combined property size of 2,266 square feet on a 0.23-acre lot. The residences include private fenced outdoor areas and oversized screened lanais. Vinyl siding, shingle roofing, central air, and electric heating are among the existing property features, while garage parking serves the building.
The property is connected to public water and public sewer, with cable available. Interior amenities include refrigerators, microwaves, electric ovens, electric cooktops, dishwashers, washers, and dryers. Carpet and laminate flooring are installed throughout. Built in 1988, the duplex is located in Port Orange, Florida.
The property is connected to public water and public sewer, with cable available. Interior amenities include refrigerators, microwaves, electric ovens, electric cooktops, dishwashers, washers, and dryers. Carpet and laminate flooring are installed throughout. Built in 1988, the duplex is located in Port Orange, Florida.
Key Highlights
- Both sides of the duplex are offered together
- 2,266 square feet on a 0.23‑acre lot
- Private fenced outdoor areas and oversized screened lanais
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
$19,879
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
4.14%
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%
$397,580
$397.6K
Cap Rate 7%
$283,986
$284.0K
Cap Rate 9%
$220,878
$220.9K
Market Conditions
NOI Build-Up for 2,266 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
$31.5K $13.92/SF
− Vacancy
−$3.1K −$1.39/SF
EGI
$28.4K $12.53/SF
− OpEx
−$8.5K −$3.76/SF
NOI
$19.9K $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%
$397,580
Cap Rate 7%
$283,986
Cap Rate 9%
$220,878
Alternative Uses
Best Use
Multifamily LT 5
$284.0K
$248.5K – $331.3K
NOI $19,879 @ 7.0% cap · market cap 4.14%
Second Best
Apartment 5plus
$246.7K
$215.8K – $287.8K
NOI $17,267 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$668.1K
$584.6K – $779.5K
NOI $46,770 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
913
Businesses Nearby
Explore this area
Business Placement
Demographics for 32129, FL
21,594
Population
11,991
Households
1.8
Avg Household Size
50
Median Age
25%
College-Educated
93%
High-School Grad
7.5 sq mi
ZIP Area
2,879
Density / Sq Mi
$65,936
Median Household Income
$39,226
Median Earnings
$1,538
Median Rent
$241,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with fenced outdoor space, garage parking, and no HOA restrictions.
Where is this duplex located?
The property is located at 1131-1133 Squirrel Nest Lane Port Orange, FL.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: Both sides of the duplex are offered together; 2,266 square feet on a 0.23‑acre lot; Private fenced outdoor areas and oversized screened lanais
