Beachside Multifamily
For Sale
Contact for pricing
419 Wild Olive, Daytona Beach, FL 32118
Two-building 9-unit multifamily with a mix of studios, one-bedrooms, and two-bedroom units, all with one bathroom.
Property Size4,656 SF
Price / SF$171.61
Days on Market41
Property Features for 419 Wild Olive
General Information
Standard status
Active
Size
4,656 SF
Property subtype
Multifamily
Investment Type
Value Add
Additional Details
Multifamily Units
9
Building Details
Buildings
2
Units
9
Tenancy
Multi
Listing Agency:
SVN | Alliance Commercial Real Estate Advisors Ormond Beach
(386) 999-1762
Listed By:
Michael Baxter · License #SL3451680
Source:
Crexi
Added: Jul 8
Changed: Aug 10
Last Checked: Aug 16 at 4:16AM
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 SVN | Alliance Commercial Real Estate Advisors Ormond Beach
Investment Insights
Based on property information with market context.
This beachside multifamily property for sale consists of two buildings totaling nine residential units. The unit mix includes one two-bedroom apartment, three one-bedroom apartments, and four studio apartments. Each unit is listed as having one bathroom.
The property is located at 419 Wild Olive in Daytona Beach, Florida.
With a defined configuration of studios, one-bedrooms, and a single two-bedroom, this asset offers a straightforward rental mix for an ownership user or investor considering renovation and repositioning.
The property is located at 419 Wild Olive in Daytona Beach, Florida.
With a defined configuration of studios, one-bedrooms, and a single two-bedroom, this asset offers a straightforward rental mix for an ownership user or investor considering renovation and repositioning.
Key Highlights
- Two‑building 9‑unit multifamily property in Daytona Beach, FL
- Unit mix: 1 two‑bedroom, 3 one‑bedroom, and 4 studio apartments
- All 9 units have 1 bathroom each
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
$35,479
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
4.44%
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%
$709,580
$709.6K
Cap Rate 7%
$506,843
$506.8K
Cap Rate 9%
$394,211
$394.2K
Market Conditions
NOI Build-Up for 4,656 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
$72.1K $15.48/SF
− Vacancy
−$7.6K −$1.63/SF
EGI
$64.5K $13.85/SF
− OpEx
−$29.0K −$6.23/SF
NOI
$35.5K $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%
$709,580
Cap Rate 7%
$506,843
Cap Rate 9%
$394,211
Alternative Uses
Best Use
Apartment 5plus
$506.8K
$443.5K – $591.3K
NOI $35,479 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,100 @ 7.0% cap · market cap 12.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
1,092
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?
Apartment building - Two-building 9-unit multifamily with a mix of studios, one-bedrooms, and two-bedroom units, all with one bathroom.
Where is this apartment building located?
The property is located at 419 Wild Olive Daytona Beach, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two‑building 9‑unit multifamily property in Daytona Beach, FL; Unit mix: 1 two‑bedroom, 3 one‑bedroom, and 4 studio apartments; All 9 units have 1 bathroom each
