Duplex with Central
For Sale
$337,000
2225 INDIA PALM DRIVE, Edgewater, FL 32141
Two-unit residential income property built in 2002 with central air and central heating.
Property Size1,972 SF
Price / SF$170.89
Days on Market12
Property Features for 2225 INDIA PALM DRIVE
General Information
Standard status
Active
Size
1,972 SF
Property subtype
Residential Income
Zoning
07R4
Taxes and HOA fees
Annual Taxes
$4,925
Amenities
Central Air
Central
Building Details
Year Built
2002
Listing Agency:
LIVIN PARADISE REALTY LLC
(386) 585-0379
Listed By:
Ana DeAlmeida · License #3178637
(386) 585-0379
Source:
Evrealestate
Added: Jul 30
Changed: Aug 3
Last Checked: Aug 10 at 4:19AM
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 LIVIN PARADISE REALTY LLC
Investment Insights
Based on property information with market context.
This duplex is a two-unit residential income property constructed in 2002. Interior features include central air and central heating, providing a defined mechanical setup for the building.
The property is located on India Palm Drive in Edgewater, Volusia County. Access directions include U.S. 95 south to Exit 244, followed by Edgewater-area roads to the site. The property carries zoning designation 07R4.
The property is located on India Palm Drive in Edgewater, Volusia County. Access directions include U.S. 95 south to Exit 244, followed by Edgewater-area roads to the site. The property carries zoning designation 07R4.
Key Highlights
- Duplex configured as a two‑unit residential income property
- Built in 2002
- Central air and central heating
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
$17,299
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%
$345,980
$346.0K
Cap Rate 7%
$247,129
$247.1K
Cap Rate 9%
$192,211
$192.2K
Market Conditions
NOI Build-Up for 1,972 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
$27.5K $13.92/SF
− Vacancy
−$2.7K −$1.39/SF
EGI
$24.7K $12.53/SF
− OpEx
−$7.4K −$3.76/SF
NOI
$17.3K $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%
$345,980
Cap Rate 7%
$247,129
Cap Rate 9%
$192,211
Alternative Uses
Best Use
Multifamily LT 5
$247.1K
$216.2K – $288.3K
NOI $17,299 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$214.7K
$187.8K – $250.5K
NOI $15,027 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$581.5K
$508.8K – $678.4K
NOI $40,702 @ 7.0% cap · market cap 12.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
389
Businesses Nearby
Explore this area
Business Placement
Demographics for 32141, FL
17,955
Population
9,400
Households
1.9
Avg Household Size
54
Median Age
23%
College-Educated
93%
High-School Grad
23.6 sq mi
ZIP Area
761
Density / Sq Mi
$61,110
Median Household Income
$37,874
Median Earnings
$1,481
Median Rent
$244,000
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 - Two-unit residential income property built in 2002 with central air and central heating.
Where is this duplex located?
The property is located at 2225 INDIA PALM DRIVE Edgewater, FL.
What is the asking price?
The asking price for this property is $337,000.
What are key features of this property?
This property features: Duplex configured as a two‑unit residential income property; Built in 2002; Central air and central heating
