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    Duplex with New Roof Appliances Title is generated by Realmo AI

    408 Henry Butts Drive, Daytona Beach, FL 32114

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    Claim this Listing
    New
    For Sale
    $275,000

    MULTI_FAMILY - Daytona Beach, FL

    Property size:
    1,274 SF
    Lot size:
    0.22 Acres
    Price / SF:
    $215/SF
    Added:
    Jun 1, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 4 at 11:06 pm

    Property Features for 408 Henry Butts Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 1
    Parking features
    On Street, Parking Lot, Assigned, Off Street
    Security features
    Security Lighting
    Fencing
    Chain Link
    Appliances
    Tankless Water Heater, Refrigerator, Microwave, Electric Water Heater, Electric Range
    Standard status
    Active
    APN
    5339-80-04-0080
    Size
    1,274 SF
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    39-15-33 LOT 8 BLK 4 SCHANTZ SUB MB 2 PG 138 MB 12 PG 76 OF HODGMANS DAYTONA MB 2 PG 82 MB 12 PG 13-15 PER OR 5269 PG 1233-1234 PER OR 5515 PG 1370 PER OR 6007 PGS 2368-2369 PER OR 6062 PG 3204
    Tax Annual Amount
    1103

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Hot Water(Heating)
    Cooling system
    Separate Meters, Wall/Window Unit(s), Electric, Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1927
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Tile, Vinyl
    Building materials
    Frame, Stucco
    Roof type
    Shingle

    We can help!

    Listing Contact
    Michael Aversano
    Michael Aversano

    Listing agent Michael Aversano License #3133415

    Listing office One Key Realty 1380 NE 185 St. Suite 251, Miami, FL

    Listing date Jun 1, 2026

    MLS# 1227169 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

    • Back unit is leased at $1,750/month; working on renting out the front unit
    • Year built: 1927 with frame and stucco construction
    • Brand new appliances with warranty: refrigerator, microwave, electric range, and tankless water heater
    • Utilities include public water and public sewer; cable available
    • Roof is shingle; hot water and electric heating, with wall/window A/C units and separate meters
    • Parking available with assigned, on‑street, off‑street, and parking lot options; chain link fencing

    Overview

    This duplex offers two residential units under one roof, with brand-new appliances and a roof replacement both backed by warranty coverage, according to the listing remarks. The property totals 1,274 square feet on a 0.22-acre lot.

    Located at 408 Henry Butts Drive in Daytona Beach, Florida 32114 within Volusia County, the home is being positioned as an income-producing rental property with one unit already occupied.

    The back unit is leased at $1,750 per month. The listing indicates the front unit is currently being worked on to rent out, supporting a straightforward live-and-rent or all-rental leasing approach depending on tenant needs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.026857
    Latitude
    29.202155

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    FAQs

    What type of property is this?
    Duplex - Duplex for sale with new roof and appliances; back unit is leased while the front unit is being marketed.
    Where is this duplex located?
    The property is located at 408 Henry Butts Drive Daytona Beach, FL.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Back unit is leased at $1,750/month; working on renting out the front unit; Year built: 1927 with frame and stucco construction; Brand new appliances with warranty: refrigerator, microwave, electric range, and tankless water heater
    (305) 525-8947
    We can help!
    Listing Contact
    Michael Aversano
    Michael Aversano
    Real Estate License ID: 3133415
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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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