Updated Triplex With Separate
For Sale
Under Contract
$365,000
314 Cottrill Avenue, Daytona Beach, FL 32114
Residential Income, Daytona Beach, FL
Property Size2,478 SF
Lot Size0.13 Acres
Price / SF$147.30
Days on Market96
Property Features for 314 Cottrill Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
9
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 1, Bathroom 1, Bedroom 5, Bedroom 3, Bedroom 7, Bedroom 2, Bedroom 9, Bathroom 4, Bathroom 2, Bedroom 4, Bedroom 8, Bedroom 6, Bathroom 3
Parking features
Guest, RV, Off Street
Exterior features
Balcony
Fencing
Fenced
Appliances
Refrigerator, Electric Water Heater, Electric Range
Subdivision
Colemans
Elementary school
Palm Terrace
Middle school
Campbell
High school
Mainland
Directions
From I-95 and ISB go East on ISB 4.7 Miles; Left on US1; Left on Fairview Ave; Right on Segrave St; Right on Cottrill.
Standard status
Active Under Contract
APN
5338-54-00-0050
Size
2,478 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
38-15-33 LOT 5 COTTRILL SUB MB 6 PG 155 MB 15 PG 111 OF COLEMANS DAYTONA MB 1 PG 155 MB 12 PG 33 PER OR 4529 PG 2228 PER OR 6997 PGS 4583-4584 PER OR 7143 PG 3092 PER OR 8056 PG 2018 PER OR 8273 PG 2707 PER OR 8290 PG 0340 PER OR 8547 PG 3070
Tax Annual Amount
4921
Legal Description
38-15-33 LOT 5 COTTRILL SUB MB 6 PG 155 MB 15 PG 111 OF COLEMANS DAYTONA MB 1 PG 155 MB 12 PG 33 PER OR 4529 PG 2228 PER OR 6997 PGS 4583-4584 PER OR 7143 PG 3092 PER OR 8056 PG 2018 PER OR 8273 PG 2707 PER OR 8290 PG 0340 PER OR 8547 PG 3070
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1923
Number of units
3
Building materials
Stucco
Roof type
Shingle
Listing Agency:
Keller Williams Realty Florida Partners
(386) 944-2800
Listed By:
Mike Bretzel
(386) 631-5757
Added: May 26
Changed: Aug 20
Last Checked: Aug 29 at 11:06AM
MLS# 1226873
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.
Investment Insights
Based on property information with market context.
This triplex includes two structures totaling 2,478 square feet on a 0.13-acre fenced parcel. The front residence has three bedrooms, a living area, and a full bathroom. The rear structure contains a private-access four-bedroom upper unit and a two-bedroom lower unit, along with a utility room and garage or oversized storage area beneath the upper level. Two units are occupied, while the third is vacant. Separate electric meters place electric usage responsibility with the tenants. Property features include balconies, public water and sewer, shingle roofing, stucco construction, electric heating, wall or window cooling, and off-street, guest, and RV parking. BP zoning and the Daytona Beach location add context for evaluating the property’s existing multifamily configuration. The property is near the beach, Intracoastal Waterway, One Daytona, Daytona International Speedway, Daytona State College, Embry-Riddle, Tanger Outlets, restaurants, and entertainment.
Key Highlights
- Three‑unit property with two structures totaling 2,478 square feet
- 0.13‑acre fenced parcel at 314 Cottrill Avenue, Daytona Beach, FL 32114
- Unit mix includes 3 bedrooms, 4 bedrooms, and 2 bedrooms
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
$21,738
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
5.96%
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%
$434,760
$434.8K
Cap Rate 7%
$310,543
$310.5K
Cap Rate 9%
$241,533
$241.5K
Market Conditions
NOI Build-Up for 2,478 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
$34.5K $13.92/SF
− Vacancy
−$3.4K −$1.39/SF
EGI
$31.1K $12.53/SF
− OpEx
−$9.3K −$3.76/SF
NOI
$21.7K $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%
$434,760
Cap Rate 7%
$310,543
Cap Rate 9%
$241,533
Alternative Uses
Best Use
Multifamily LT 5
$310.5K
$271.7K – $362.3K
NOI $21,738 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$269.7K
$236.0K – $314.7K
NOI $18,882 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$730.7K
$639.3K – $852.4K
NOI $51,146 @ 7.0% cap · market cap 14.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,126
Businesses Nearby
Explore this area
Business Placement
Demographics for 32114, FL
34,943
Population
17,118
Households
2
Avg Household Size
33
Median Age
19%
College-Educated
89%
High-School Grad
16.0 sq mi
ZIP Area
2,184
Density / Sq Mi
$39,906
Median Household Income
$31,220
Median Earnings
$1,171
Median Rent
$174,900
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?
Triplex - Three-unit property with two structures, a fenced parcel, and one vacant unit for added leasing flexibility.
Where is this triplex located?
The property is located at 314 Cottrill Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Three‑unit property with two structures totaling 2,478 square feet; 0.13‑acre fenced parcel at 314 Cottrill Avenue, Daytona Beach, FL 32114; Unit mix includes 3 bedrooms, 4 bedrooms, and 2 bedrooms
