Four-Unit Historic
For Sale
$799,000
200 Live Oak Street, New Smyrna Beach, FL 32168
Residential Income, New Smyrna Beach, FL
Property Size2,268 SF
Lot Size0.26 Acres
Price / SF$352.29
Days on Market382
Property Features for 200 Live Oak Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
Residential/Office
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 4, Bedroom 2, Bathroom 3, Bathroom 2
Parking
8
Parking features
Guest, Off Street, Assigned, On Street
Fencing
Chain Link
Accessibility
Accessible Approach with Ramp
Appliances
Washer, Tankless Water Heater, Refrigerator, Microwave, Electric Range, Dryer
Subdivision
Not In Subdivision
Lot features
Historic Area
View
City
Directions
From US1 And Canal St: Head down Canal to right on Live Oak; Property on corner of Downing St and Live Oak.
Standard status
Active
APN
7441-38-15-1750
Size
2,268 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
41-17-34 LOT 175 & N 1/2 OF LOT 176 BLK 15 ANDREWS PROPERTY NEW SMYRNA MB 2 PG 68 MB 17 PG 79 PER OR 3568 PG 0207 PER OR 5117 PG 3765 PER OR 6843 PG 0238 PER OR 6843 PG 0239 PER OR 6861 PG 4734 PER OR 6919 PG 4059 PER OR 6919 PG 4060 PER OR 6947 PG 3571 P
Tax Annual Amount
11396
Legal Description
41-17-34 LOT 175 & N 1/2 OF LOT 176 BLK 15 ANDREWS PROPERTY NEW SMYRNA MB 2 PG 68 MB 17 PG 79 PER OR 3568 PG 0207 PER OR 5117 PG 3765 PER OR 6843 PG 0238 PER OR 6843 PG 0239 PER OR 6861 PG 4734 PER OR 6919 PG 4059 PER OR 6919 PG 4060 PER OR 6947 PG 3571 P
Utilities
Sewer type
Public Sewer
Heating system
Varies by Unit (Heating), Electric (Heating), Central
Cooling system
Window Unit(s), Central Air, Wall/Window Unit(s), Multi Units
Water source
Public
Building Details
Year built
1903
Floors in Building
2
Number of units
4
Flooring type
Vinyl, Wood, Laminate
Building materials
Frame, Wood Siding
Roof type
Shingle
Listing Agency:
Premier Sotheby's International Realty
(386) 761-2172
Listed By:
Jennifer Matacale · License #3395500
(386) 212-9277
Added: Sep 19, 2025
Changed: Oct 2
Last Checked: Oct 5 at 12:06AM
MLS# 1218149
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.
Built in 1903, this 2,268-square-foot quadplex contains four one-bedroom, one-bath apartments on a 0.26-acre parcel. The property is fully leased. Units A, B, and C are furnished and have updated appliances; Unit D is unfurnished and has a new kitchen, bedroom, bathroom, and flooring. A replacement shingle roof was installed in January 2023, and public water and sewer serve the property.
Commercial/residential MU zoning and a B&B overlay are in place; the overlay allows nightly rentals. The property is one block from Canal Street and minutes from the beach. Parking options include assigned, guest, off-street, and on-street spaces. Buyers should confirm intended uses and feasibility with the City of New Smyrna Beach and Volusia County.
Commercial/residential MU zoning and a B&B overlay are in place; the overlay allows nightly rentals. The property is one block from Canal Street and minutes from the beach. Parking options include assigned, guest, off-street, and on-street spaces. Buyers should confirm intended uses and feasibility with the City of New Smyrna Beach and Volusia County.
Key Highlights
- Four one‑bedroom, one‑bath apartments in 2,268 square feet
- Fully leased; Units A, B, and C are furnished
- 0.26‑acre parcel with assigned, guest, off‑street, and on‑street parking
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
$28,015
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
3.51%
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%
$560,300
$560.3K
Cap Rate 7%
$400,214
$400.2K
Cap Rate 9%
$311,278
$311.3K
Market Conditions
NOI Build-Up for 2,268 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
$49.0K $21.60/SF
− Vacancy
−$4.2K −$1.84/SF
EGI
$44.8K $19.76/SF
− OpEx
−$16.8K −$7.41/SF
NOI
$28.0K $12.35/SF
Area
Volusia County, FL
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$560,300
Cap Rate 7%
$400,214
Cap Rate 9%
$311,278
Alternative Uses
Best Use
Mixed Use
$400.2K
$350.2K – $466.9K
NOI $28,015 @ 7.0% cap · market cap 3.51%
Second Best
Multifamily LT 5
$284.2K
$248.7K – $331.6K
NOI $19,896 @ 7.0% cap · market cap 2.49%
Theoretical Best
Office A
$668.7K
$585.2K – $780.2K
NOI $46,812 @ 7.0% cap · market cap 5.86%
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
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,437
Businesses Nearby
Explore this area
Business Placement
Demographics for 32168, FL
30,058
Population
16,439
Households
1.8
Avg Household Size
54
Median Age
31%
College-Educated
93%
High-School Grad
153.9 sq mi
ZIP Area
195
Density / Sq Mi
$72,967
Median Household Income
$41,076
Median Earnings
$1,608
Median Rent
$310,200
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 - MU zoning and a B&B overlay support mixed commercial and residential use, with nightly rentals subject to verification.
Where is this quadplex located?
The property is located at 200 Live Oak Street New Smyrna Beach, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Four one‑bedroom, one‑bath apartments in 2,268 square feet; Fully leased; Units A, B, and C are furnished; 0.26‑acre parcel with assigned, guest, off‑street, and on‑street parking
