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    Ormond Beach Duplex: Investor Opportunity Title is generated by Realmo AI

    264 Laws Lane, Ormond Beach, FL 32174

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    Pending
    $175,000

    MULTI_FAMILY - Ormond Beach, FL

    Property size:
    1,266 SF
    Lot size:
    0.15 Acres
    Added:
    Apr 8, 2026
    Days on Market:
    38
    Last Refresh:
    May 15 at 5:06 pm

    Property Features for 264 Laws Lane

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 3
    Parking features
    Off Street
    Standard status
    Pending
    APN
    4241-08-02-0220
    Size
    1,266 SF
    Lot size
    0.15 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOT 22 BLK 2 LIBERIA ORMOND PER OR 2759 PG 1931 PER OR 2759 PG 1930 PER UNREC D/C
    Tax Annual Amount
    1716

    Utilities

    Utilities
    Water Available
    Heating system
    Hot Water(Heating)
    Cooling system
    Window Unit(s), Wall/Window Unit(s)

    Building Details

    Year built
    1964
    Number of units
    2

    We can help!

    Listing Contact
    Erica Johnson

    Listing agent Erica Johnson

    Listing office RPJ Realty LLC 994 Derbyshire Road, Daytona Beach, FL

    Listing date Apr 8, 2026

    MLS# 1225048 Listing URL

    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.

    HighLights

    • Duplex featuring two separate units, each with its own kitchen, living space, bedrooms, and bath.
    • Income potential through rental, house hacking, or resale after renovation.
    • Located in an established, quiet residential neighborhood.
    • Conveniently located near shopping and dining.
    • Off‑street parking available.
    • Two‑story property suitable for multi‑generational living.

    Overview

    Located in Ormond Beach, this two-story duplex at 264 Laws Lane presents an investment opportunity with income potential. The property, situated on a 0.15-acre lot, features separate upper and lower units, each equipped with its own kitchen, living space, bedrooms, and bath. The 1,266 square-foot property is suitable for rental income, house hacking, or resale after a full rehabilitation. The lower unit has a traditional layout with living, dining, and kitchen areas, along with two bedrooms. The upper unit, accessible via a separate exterior door and interior stairway, also includes its own kitchen, living area, and two bedrooms. The property is located on a quiet residential street within an established neighborhood. The home requires repairs, a new roof, and updates throughout, and is being sold as-is. The property is conveniently located near shopping and dining. This duplex can generate strong rental returns or serve as a multi-generational living setup.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $123.4K
    NOI $11,106 @ 9.00% cap · cautious / downside scenario
    Moderate
    $158.7K
    NOI $11,106 @ 7.00% cap · market / base-case scenario
    Aggressive
    $222.1K
    NOI $11,106 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $17.6k $13.92
    − Vacancy −$1.8k −$1.39
    EGI $15.9k $12.53
    − OpEx −$4.8k −$3.76
    NOI $11.1k $8.77
    1,266 SF · lease $13.92/SF/yr · vacancy 9.97% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $158.7K
    $138.8K – $185.1K (±1% cap)
    NOI $11,106 @ 7.0% cap · market cap 6.35%
    Second Best
    Apartment 5plus
    $137.8K
    $120.6K – $160.8K (±1% cap)
    NOI $9,647 @ 7.0% cap · market cap 5.51%
    Theoretical Best
    Office A
    $373.3K
    $326.6K – $435.5K (±1% cap)
    NOI $26,130 @ 7.0% cap · market cap 14.93%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ormond Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.061748
    Latitude
    29.27962

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    FAQs

    What type of property is this?
    Duplex - Duplex in Ormond Beach with income potential, ready for renovation.
    Where is this duplex located?
    The property is located at 264 Laws Lane Ormond Beach, FL.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: Duplex featuring two separate units, each with its own kitchen, living space, bedrooms, and bath.; Income potential through rental, house hacking, or resale after renovation.; Located in an established, quiet residential neighborhood.
    (386) 212-9156
    We can help!
    Listing Contact
    Erica Johnson
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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