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    Daytona Beach Multifamily Investment Title is generated by Realmo AI

    424 Daytona Street, Daytona Beach, FL 32114

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    For Sale
    $850,000

    COMMERCIAL - Daytona Beach, FL

    Property size:
    3,700 SF
    Lot size:
    0.20 Acres
    Price / SF:
    $229/SF
    Added:
    Dec 6, 2025
    Days on Market:
    159
    Last Refresh:
    May 14 at 11:06 pm

    Property Features for 424 Daytona Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    5
    Rooms
    Bathroom 5, Bathroom 2, Bathroom 1, Bathroom 3, Bathroom 4
    Parking features
    Assigned, Guest, Parking Lot
    Security features
    Security Lighting
    Fencing
    Privacy
    Standard status
    Active
    APN
    5338-37-00-0020
    Size
    3,700 SF
    Lot size
    0.20 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    38-15-33 LOT 2 & E 40 FT OF LOT 3 GORDON COURT MB 6 PG 190 MB 18 PG 109 OF D D ROGERS DB C PG 700 MB 14 PG 110 INC PER OR 4178 PG 3672 PER OR 8420 PG 0937
    Tax Annual Amount
    7547

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Multi Units, Central Air, Electric

    Building Details

    Year built
    1973
    Floors in Building
    1
    Number of units
    4
    Flooring type
    Wood, Laminate, Tile, Vinyl
    Building materials
    Block, Concrete
    Roof type
    Shingle

    We can help!

    Listing Contact
    Laurie Hughes
    Laurie Hughes

    Listing agent Laurie Hughes License #3057415

    Listing office Collado Real Estate 402 Flagler Ave, Port Orange, FL

    Listing date Dec 6, 2025

    MLS# 1220683

    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

    • Income‑producing multi‑family property with stable leases.
    • Totally renovated units.
    • Good location: Walking distance to Beach St., Bus Station, and Halifax River.
    • Located in an area undergoing renovation with upcoming luxury apartments.
    • Mix of unit types: 3 units are 1 Bed/1 Bath, 1 unit is 2 Bed/2 Bath.
    • Excellent rental market in high demand.

    Overview

    This income-producing multifamily property is located in Daytona Beach, Florida. The property has been totally renovated and has stable leases in place. It is situated in a good location, within walking distance of Beach Street, the bus station, and the Halifax River. The general area is undergoing renovation, with luxury apartments planned. The property consists of four units: three units with 1 bedroom and 1 bath, and one unit with 2 bedrooms and 2 baths. The property size is 3700 square feet, situated on a 0.2-acre lot. The rental market is excellent and in demand.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.024294
    Latitude
    29.219728

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    FAQs

    What type of property is this?
    Quadplex - Renovated multifamily property with stable leases in a prime location.
    Where is this quadplex located?
    The property is located at 424 Daytona Street Daytona Beach, FL.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: Income‑producing multi‑family property with stable leases.; Totally renovated units.; Good location: Walking distance to Beach St., Bus Station, and Halifax River.
    (386) 847-0699
    We can help!
    Listing Contact
    Laurie Hughes
    Laurie Hughes
    Real Estate License ID: 3057415
    Learn More
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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.

    More about this property
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