Four-Unit Quadplex
For Sale
$480,000
Pending
305 CAVANAH DRIVE, Daytona Beach, FL 32117
Two buildings offer varied unit layouts, separate utility metering, and fenced outdoor areas for each residence.
Property Size4,600 SF
Days on Market513
Property Features for 305 CAVANAH DRIVE
General Information
Standard status
Pending
Size
4,600 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$7,528
Building Details
Year Built
1976
Listing Agency:
RE/MAX SIGNATURE
(386) 236-0760
Listed By:
Walter Borgen · License #691503
(386) 334-4809
Source:
Exitrealty
Added: Apr 8, 2025
Changed: Sep 2
Last Checked: Sep 1 at 6:04PM
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 RE/MAX SIGNATURE
Investment Insights
Based on property information with market context.
This 4,600-square-foot quadplex comprises two buildings with four residential units. Units A and B each feature two bedrooms, 1.5 bathrooms, an eat-in kitchen, and an open or combined living and dining area; Unit A also includes a bonus room and a one-car garage, while Unit B includes a one-car garage. Units C and D each provide two bedrooms, one bathroom, separate living and dining rooms, and a galley kitchen.
Washer and dryer hookups are provided in all units. Each residence has separate electric and water meters, along with its own fenced backyard. The property was built in 1976.
Washer and dryer hookups are provided in all units. Each residence has separate electric and water meters, along with its own fenced backyard. The property was built in 1976.
Key Highlights
- Two‑building quadplex configuration with four residential units
- 4,600 square feet of property area
- Units A and B include 2 bedrooms, 1.5 bathrooms, eat‑in kitchens, and one‑car garages
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
$40,354
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
8.41%
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%
$807,080
$807.1K
Cap Rate 7%
$576,486
$576.5K
Cap Rate 9%
$448,378
$448.4K
Market Conditions
NOI Build-Up for 4,600 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
$64.0K $13.92/SF
− Vacancy
−$6.4K −$1.39/SF
EGI
$57.6K $12.53/SF
− OpEx
−$17.3K −$3.76/SF
NOI
$40.4K $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%
$807,080
Cap Rate 7%
$576,486
Cap Rate 9%
$448,378
Alternative Uses
Best Use
Multifamily LT 5
$576.5K
$504.4K – $672.6K
NOI $40,354 @ 7.0% cap · market cap 8.41%
Second Best
Apartment 5plus
$500.7K
$438.2K – $584.2K
NOI $35,052 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$1.36M
$1.19M – $1.58M
NOI $94,944 @ 7.0% cap · market cap 19.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
897
Businesses Nearby
Explore this area
Business Placement
Demographics for 32117, FL
28,223
Population
14,392
Households
2
Avg Household Size
43
Median Age
21%
College-Educated
90%
High-School Grad
12.0 sq mi
ZIP Area
2,352
Density / Sq Mi
$52,132
Median Household Income
$32,189
Median Earnings
$1,392
Median Rent
$175,500
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?
Quadplex - Two buildings offer varied unit layouts, separate utility metering, and fenced outdoor areas for each residence.
Where is this quadplex located?
The property is located at 305 CAVANAH DRIVE Daytona Beach, FL.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Two‑building quadplex configuration with four residential units; 4,600 square feet of property area; Units A and B include 2 bedrooms, 1.5 bathrooms, eat‑in kitchens, and one‑car garages
