Daytona Beach Quadplex
For Sale
$650,000
410 BUTLER Blvd, Daytona Beach, FL 32118
Four units near the beach, great investment opportunity.
Property Size4,218 SF
Price / SF$154.10
Days on Market114
Property Features for 410 BUTLER Blvd
General Information
Standard status
Active
Size
4,218 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$8,428
Building Details
Building Size
4,218 SF
Year Built
1971
Units
4
Listing Agency:
Redfin Corporation
(386) 409-1926
Listed By:
Tammy Shaver
(386) 409-1926
Source:
Elliman
Added: Apr 24
Changed: Aug 8
Last Checked: Aug 14 at 7:54AM
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 Redfin Corporation
Investment Insights
Based on property information with market context.
This 4,218-square-foot quadplex in Daytona Beach presents a prime investment opportunity, featuring four separate units and strong rental potential in a coastal location less than half a mile from the beach and boardwalk. Constructed with concrete block and a metal roof, the property ensures durability, low maintenance, and long-term value. Units 1 and 2 each include two bedrooms and one bathroom, while Units 3 and 4 offer two bedrooms and one and a half bathrooms, appealing to a broad range of tenants. Open parking is available for five cars, enhancing the property’s rental appeal. The property is situated near restaurants, shops, and entertainment, with easy access to major highways, capturing the Daytona Beach lifestyle. Its location and layout maximize occupancy potential for vacation rentals or long-term tenants. This quadplex offers a chance to own multiple income-producing units in a sought-after beach community, combining consistent cash flow with long-term appreciation. The property has a bike score of 55, walk score of 66, and transit score of 31.
Key Highlights
- Less than half a mile from the beach and boardwalk.
- Four separate units (quadplex) for income potential.
- Durable concrete‑block construction with a metal roof.
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
$37,003
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
5.69%
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%
$740,060
$740.1K
Cap Rate 7%
$528,614
$528.6K
Cap Rate 9%
$411,144
$411.1K
Market Conditions
NOI Build-Up for 4,218 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
$58.7K $13.92/SF
− Vacancy
−$5.9K −$1.39/SF
EGI
$52.9K $12.53/SF
− OpEx
−$15.9K −$3.76/SF
NOI
$37.0K $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%
$740,060
Cap Rate 7%
$528,614
Cap Rate 9%
$411,144
Alternative Uses
Best Use
Multifamily LT 5
$528.6K
$462.5K – $616.7K
NOI $37,003 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$459.2K
$401.8K – $535.7K
NOI $32,141 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $87,060 @ 7.0% cap · market cap 13.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,160
Businesses Nearby
Explore this area
Business Placement
Demographics for 32118, FL
17,906
Population
16,390
Households
1.1
Avg Household Size
58
Median Age
31%
College-Educated
94%
High-School Grad
4.2 sq mi
ZIP Area
4,263
Density / Sq Mi
$60,418
Median Household Income
$36,153
Median Earnings
$1,283
Median Rent
$339,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four units near the beach, great investment opportunity.
Where is this quadplex located?
The property is located at 410 BUTLER Blvd Daytona Beach, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Less than half a mile from the beach and boardwalk.; Four separate units (quadplex) for income potential.; Durable concrete‑block construction with a metal roof.
