Quadplex with 2018
For Sale
$665,000
16 S GRANDVIEW, Daytona Beach, FL 32118
Four-unit income property with active tenant leases, on-site parking, and a shared patio near beach access.
Property Size2,972 SF
Days on Market50
Property Features for 16 S GRANDVIEW
General Information
Standard status
Active
Size
2,972 SF
Property subtype
Investment
Additional Details
Cap Rate
9.3%
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,720
Amenities
on-site parking
common patio area
Building Details
Building Size
2,972 SF
Year Built
1910
Tenancy
Multi
Listing Agency:
Charles Rutenberg Realty Orlando LLC
Listed By:
Husain Jaffer · License #3293364
(407) 923-7642
Source:
Elliman
Added: Sep 11
Changed: Oct 26
Last Checked: Oct 28 at 8:07AM
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 Charles Rutenberg Realty Orlando LLC
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Investment Insights
Based on property information with market context.
Built in 1910, this four-unit property offers an established income-producing configuration with active tenant leases showing approximately 6–12 months remaining. The property includes on-site parking, a common patio for residents, and a large storage unit that was previously used as an apartment. The roof was installed in 2018, and the property is designated within the X flood zone.
Located at 16 S Grandview in Daytona Beach, the property is described as walking distance to the Main Street Pier and beach access. Land-use information supports up to 10 units, and the property has zero reported code violations. Current operating data reflects a 9.3% CAP RATE, with bike, walk, and transit scores of 45, 16, and 29, respectively.
Located at 16 S Grandview in Daytona Beach, the property is described as walking distance to the Main Street Pier and beach access. Land-use information supports up to 10 units, and the property has zero reported code violations. Current operating data reflects a 9.3% CAP RATE, with bike, walk, and transit scores of 45, 16, and 29, respectively.
Key Highlights
- Four‑unit property with 9.3% CAP RATE
- Active tenant leases with approximately 6–12 months remaining
- 2018 roof and X flood zone designation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,072
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,440
$521.4K
Cap Rate 7%
$372,457
$372.5K
Cap Rate 9%
$289,689
$289.7K
Market Conditions
NOI Build-Up for 2,972 SF
Gross rent
$41.4K $13.92/SF
− Vacancy
−$4.1K −$1.39/SF
EGI
$37.2K $12.53/SF
− OpEx
−$11.2K −$3.76/SF
NOI
$26.1K $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 Rate 5%
$521,440
Cap Rate 7%
$372,457
Cap Rate 9%
$289,689
Alternative Uses
Best Use
Multifamily LT 5
$372.5K
$325.9K – $434.5K
NOI $26,072 @ 7.0% cap · market cap 3.92%
Second Best
Apartment 5plus
$323.5K
$283.1K – $377.5K
NOI $22,647 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$876.3K
$766.8K – $1.02M
NOI $61,342 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,114
Businesses Nearby
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Business Placement
Demographics for 32118, FL
17,906
Population
16,390
Households
1.1
Avg Household Size
58
Median Age
31%
College-Educated
94%
High-School Grad
4.2 sq mi
ZIP Area
4,263
Density / Sq Mi
$60,418
Median Household Income
$36,153
Median Earnings
$1,283
Median Rent
$339,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit income property with active tenant leases, on-site parking, and a shared patio near beach access.
Where is this quadplex located?
The property is located at 16 S GRANDVIEW Daytona Beach, FL.
What is the asking price?
The asking price for this property is $665,000.
What are key features of this property?
This property features: Four‑unit property with 9.3% CAP RATE; Active tenant leases with approximately 6–12 months remaining; 2018 roof and X flood zone designation
