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    Daytona Beachside Income Property Title is generated by Realmo AI

    312 Frances Terrace, Daytona Beach, FL 32118

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    For Sale
    $449,900

    MULTI_FAMILY - Daytona Beach, FL

    Property size:
    2,150 SF
    Lot size:
    0.25 Acres
    Price / SF:
    $209/SF
    Added:
    Jun 30, 2025
    Days on Market:
    321
    Last Refresh:
    May 16 at 1:06 am

    Property Features for 312 Frances Terrace

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    5
    Rooms
    Bedroom 2, Bathroom 4, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 5, Bathroom 1, Bathroom 3
    Parking
    4
    Parking features
    Off Street
    Appliances
    Washer, Refrigerator, Gas Oven, Dryer
    Standard status
    Active
    APN
    5309-15-01-0058
    Size
    2,150 SF
    Lot size
    0.25 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    9-15-33 PART OF LOT 5 E OF PENINSULA DR BEING W149 FT ON N/L & 100 FT ON S/L OF S 98.62 FT MEAS ON PENINSULA DR BLK 1 LD HUSTON SUB DB P PG 583 DB 540 PG 203 MB 14 PG 42 PER OR 4777 PG 0832 PER OR 5551 PGS 2523-2524 PER OR 6619 PG 1964 PER OR 6625 PG 2117
    Tax Annual Amount
    6768

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Cooling system
    Wall/Window Unit(s), Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1918
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Laminate
    Building materials
    Frame

    We can help!

    Listing Contact
    DeAnn Yount

    Listing agent DeAnn Yount

    Listing office Next Gen Realty 610 Dunlawton Ave Suite 3, Port Orange, FL

    Listing date Jun 30, 2025

    MLS# 1215123 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

    • Live in the 3‑bedroom unit and rent the other 3 units for income.
    • Short walk to both the beach and intracoastal waterway.
    • Income potential from 3 rental units: one 1‑bedroom and two studio apartments.
    • Additional income from storage sheds.
    • Large corner lot.
    • Includes appliances: Washer, Refrigerator, Gas Oven, and Dryer.

    Overview

    This four-unit multifamily property is located in Daytona Beach. The property includes one three-bedroom unit, one one-bedroom unit upstairs, and two studio apartments with kitchens. There are currently two long-term tenants. Additional income is generated from storage sheds. The property is situated on a corner lot. It is a short walk to the beach and intracoastal waterway. There is one meter for all four units. A community washer and dryer is available. The property size is 2150 square feet and the lot size is 0.25 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Restaurant Dental Office Spa & Massage Center Law Firm 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
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.00683
    Latitude
    29.214076

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    FAQs

    What type of property is this?
    Quadplex - Four-unit multifamily property near the beach in Daytona Beach.
    Where is this quadplex located?
    The property is located at 312 Frances Terrace Daytona Beach, FL.
    What is the asking price?
    The asking price for this property is $449,900.
    What are key features of this property?
    This property features: Live in the 3‑bedroom unit and rent the other 3 units for income.; Short walk to both the beach and intracoastal waterway.; Income potential from 3 rental units: one 1‑bedroom and two studio apartments.
    (386) 492-7837
    We can help!
    Listing Contact
    DeAnn Yount
    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.

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