Queen Anne Victorian Daytona
For Sale
Contact for pricing
415 Braddock Ave, Daytona Beach, FL 32118
Vintage Queen Anne Victorian near Daytona Beach oceanfront.
Property Size1,636 SF
Price / SF$135.70
Days on Market1599
Property Features for 415 Braddock Ave
General Information
Standard status
Active
Size
1,636 SF
Class
B
Property subtype
Multifamily
Zoning
Res
Investment Type
Owner/User
Building Details
Year Built
1936
Buildings
1
Stories
2
Units
1
Listing Agency:
Sloane Realty
Listed By:
Matthew White · License #Bk3106449
(407) 758-3166
Source:
Crexi
Added: Apr 18, 2022
Changed: Aug 23
Last Checked: Aug 29 at 2:24AM
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 Sloane Realty
Investment Insights
Based on property information with market context.
This two-and-a-half story Queen Anne Victorian residence is located within a five-minute walk to Daytona Beach’s prime oceanfront, major attractions, and the Hilton Hotel. The vintage antique residence offers character and architectural detail. The property features an expansive bonus attic with substantial usable space. This estate-style offering has upside potential for restoration, redevelopment, or long-term appreciation. The property is being offered AS-IS with no warranties or guarantees, expressed or implied.
Key Highlights
- Prime Daytona Beach location: Five‑minute walk to the oceanfront, major attractions, and the Hilton Hotel.
- Rare Queen Anne Victorian architectural style with exceptional character and detail.
- Liquidation price: $228,100, equal to the 2026 Volusia County Property Appraiser valuation.
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
$12,466
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
5.62%
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%
$249,320
$249.3K
Cap Rate 7%
$178,086
$178.1K
Cap Rate 9%
$138,511
$138.5K
Market Conditions
NOI Build-Up for 1,636 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
$25.3K $15.48/SF
− Vacancy
−$2.7K −$1.63/SF
EGI
$22.7K $13.85/SF
− OpEx
−$10.2K −$6.23/SF
NOI
$12.5K $7.62/SF
Area
Volusia County, FL
Vacancy
10.50%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
45.00%
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%
$249,320
Cap Rate 7%
$178,086
Cap Rate 9%
$138,511
Alternative Uses
Best Use
Apartment 5plus
$178.1K
$155.8K – $207.8K
NOI $12,466 @ 7.0% cap · market cap 5.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$482.4K
$422.1K – $562.8K
NOI $33,767 @ 7.0% cap · market cap 15.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
692
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?
Multifamily property - Vintage Queen Anne Victorian near Daytona Beach oceanfront.
Where is this multifamily property located?
The property is located at 415 Braddock Ave Daytona Beach, FL.
What is the asking price?
The asking price for this property is $222,000.
What are key features of this property?
This property features: Prime Daytona Beach location: **Five‑minute walk to the oceanfront, major attractions, and the Hilton Hotel.**; Rare Queen Anne Victorian architectural style with exceptional character and detail.; Liquidation price: $228,100, equal to the 2026 Volusia County Property Appraiser valuation.
