Daytona Beach Duplex Investment
For Sale
Contact for pricing
Pending
215 S Oleander Avenue, Daytona Beach, FL 32118
Beachside duplex with renovation potential in Daytona Beach, Florida.
Property Size1,590 SF
Days on Market97
Property Features for 215 S Oleander Avenue
General Information
Standard status
Pending
Size
1,590 SF
Total Parking Spaces
2
Property subtype
Multifamily, Land
Building Details
Year Built
1908
Units
2
Listing Agency:
Realty One Group Evolve
(386) 368-7222
Listed By:
Claudio Moreira · License #3027930
Source:
Crexi
Added: May 25
Changed: Aug 25
Last Checked: Aug 24 at 3:32AM
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 Realty One Group Evolve
Investment Insights
Based on property information with market context.
This 1,442 sq ft duplex is located in Daytona Beach's 32118 zip code. The property features a unit with 1 bedroom and 1 bathroom, and another unit with 2 bedrooms and 2 bathrooms, providing flexible living arrangements. Major improvements to the roof, plumbing, and electrical systems were completed in 2015. The property is being sold as-is and is an ideal candidate for renovation. It is located minutes from the beach, Daytona Boardwalk, Ocean Center, shopping, dining, and entertainment. The property offers potential for renovation, rental income, or multi-generational living near the coast. The property size is 1590 sq ft.
Key Highlights
- Rare beachside location in desirable Daytona Beach 32118 zip code.
- Duplex configuration (1/1 and 2/2 units) offers flexible living/rental options.
- Strong income potential for investors or owner occupants.
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
$13,948
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
8.45%
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%
$278,960
$279.0K
Cap Rate 7%
$199,257
$199.3K
Cap Rate 9%
$154,978
$155.0K
Market Conditions
NOI Build-Up for 1,590 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
$22.1K $13.92/SF
− Vacancy
−$2.2K −$1.39/SF
EGI
$19.9K $12.53/SF
− OpEx
−$6.0K −$3.76/SF
NOI
$13.9K $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%
$278,960
Cap Rate 7%
$199,257
Cap Rate 9%
$154,978
Alternative Uses
Best Use
Multifamily LT 5
$199.3K
$174.4K – $232.5K
NOI $13,948 @ 7.0% cap · market cap 8.45%
Second Best
Apartment 5plus
$173.1K
$151.5K – $201.9K
NOI $12,116 @ 7.0% cap · market cap 7.34%
Theoretical Best
Office A
$468.8K
$410.2K – $547.0K
NOI $32,818 @ 7.0% cap · market cap 19.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
757
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Beachside duplex with renovation potential in Daytona Beach, Florida.
Where is this duplex located?
The property is located at 215 S Oleander Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Rare beachside location in desirable Daytona Beach 32118 zip code.; Duplex configuration (1/1 and 2/2 units) offers flexible living/rental options.; Strong income potential for investors or owner occupants.
