Renovated Triplex with Rear
New
For Sale
$429,900
213/215 Live Oak Ave, Daytona Beach, FL 32114
Fully renovated three-unit property with approved short-term rental zoning, a separate rear residence, and management for two occupied units.
Property Size2,512 SF
Price / SF$171.14
Days on Market2
Property Features for 213/215 Live Oak Ave
General Information
Standard status
Active
Size
2,512 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA, 1 x 3BR/2BA
Multifamily Units
3
Building Details
Year Built
1920
Buildings
2
Listing Agency:
Collado Real Estate
Listed By:
Kevin Kling · License #3046851
(386) 999-4006
Source:
386realestate
Added: Sep 22
Last Checked: Sep 22 at 1:37PM
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 Collado Real Estate
Investment Insights
Based on property information with market context.
This renovated triplex at 213/215 Live Oak Ave includes two residences in the front building and a detached unit behind them. The front residences are approximately 860 square feet each, with two bedrooms and one bathroom per unit. The rear residence measures 792 square feet and offers three bedrooms and two bathrooms. Improvements include new appliances, mini-split systems, updated plumbing, LVP flooring, granite kitchens, tile bathrooms, and new windows in the front building. Permits were pulled and finaled, and the property was built in 1920 with an estimated total size of 2,512 square feet.
Both front units are leased on a long-term basis, with management in place at 8 percent. The rear unit is available for rent. The property is within an approved short-term rental zone and sits near the Daytona historic area, the yacht club, Beach St., and the new Daytona Beach Fire Headquarters across US1.
Both front units are leased on a long-term basis, with management in place at 8 percent. The rear unit is available for rent. The property is within an approved short-term rental zone and sits near the Daytona historic area, the yacht club, Beach St., and the new Daytona Beach Fire Headquarters across US1.
Key Highlights
- Three‑unit property with two front residences and one detached rear unit
- Front units are about 860 sq ft each; rear unit is 792 sq ft
- Front units: 2BR/1BA each; rear unit: 3BR/2BA
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
$22,037
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
5.13%
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%
$440,740
$440.7K
Cap Rate 7%
$314,814
$314.8K
Cap Rate 9%
$244,856
$244.9K
Market Conditions
NOI Build-Up for 2,512 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
$35.0K $13.92/SF
− Vacancy
−$3.5K −$1.39/SF
EGI
$31.5K $12.53/SF
− OpEx
−$9.4K −$3.76/SF
NOI
$22.0K $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%
$440,740
Cap Rate 7%
$314,814
Cap Rate 9%
$244,856
Alternative Uses
Best Use
Multifamily LT 5
$314.8K
$275.5K – $367.3K
NOI $22,037 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$273.5K
$239.3K – $319.0K
NOI $19,142 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$740.7K
$648.1K – $864.1K
NOI $51,848 @ 7.0% cap · market cap 12.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,555
Businesses Nearby
Explore this area
Business Placement
Demographics for 32114, FL
34,943
Population
17,118
Households
2
Avg Household Size
33
Median Age
19%
College-Educated
89%
High-School Grad
16.0 sq mi
ZIP Area
2,184
Density / Sq Mi
$39,906
Median Household Income
$31,220
Median Earnings
$1,171
Median Rent
$174,900
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?
Triplex - Fully renovated three-unit property with approved short-term rental zoning, a separate rear residence, and management for two occupied units.
Where is this triplex located?
The property is located at 213/215 Live Oak Ave Daytona Beach, FL.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: Three‑unit property with two front residences and one detached rear unit; Front units are about 860 sq ft each; rear unit is 792 sq ft; Front units: 2BR/1BA each; rear unit: 3BR/2BA
