Three-Unit
New
For Sale
$650,000
436 VERMONT AVENUE, Daytona Beach, FL 32118
Separate entrances and individual utility meters give each residence independent access and service.
Property Size3,300 SF
Price / SF$196.97
Days on Market3
Property Features for 436 VERMONT AVENUE
General Information
Standard status
Active
Size
3,300 SF
Property subtype
Triplex
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Building Details
Year Built
1953
Listing Agency:
REDFIN CORPORATION
(407) 708-9747
Listed By:
Tammy Bowen · License #3376417
(386) 690-1959
Source:
Dennisrealty
Added: Sep 29
Changed: Oct 1
Last Checked: Oct 1 at 10:23AM
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 1953 triplex contains two two-bedroom, one-bath residences and a separate one-bedroom, one-bath apartment. All three have individual entrances and utility meters. Improvements include work to the HVAC systems, ductwork, plumbing, sewer line and water heaters, along with updated kitchen cabinetry, countertops and appliances. Double-pane vinyl windows were installed in 2025, and replacement decks date to 2023. The exterior also has vinyl fencing, new soffit and fascia, and auxiliary power connections at the main electrical panels.
The property is on Vermont Avenue in Daytona Beach, near the city’s beaches, colleges, shopping, dining and major highways. Its three separate residences provide a multi-unit configuration, with a mix of two- and one-bedroom floor plans.
The property is on Vermont Avenue in Daytona Beach, near the city’s beaches, colleges, shopping, dining and major highways. Its three separate residences provide a multi-unit configuration, with a mix of two- and one-bedroom floor plans.
Key Highlights
- Three residences: two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath apartment
- Separate entrances and individually metered utilities for each residence
- Double‑pane vinyl windows installed in 2025
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
$28,949
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
4.45%
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%
$578,980
$579.0K
Cap Rate 7%
$413,557
$413.6K
Cap Rate 9%
$321,656
$321.7K
Market Conditions
NOI Build-Up for 3,300 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
$45.9K $13.92/SF
− Vacancy
−$4.6K −$1.39/SF
EGI
$41.4K $12.53/SF
− OpEx
−$12.4K −$3.76/SF
NOI
$28.9K $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%
$578,980
Cap Rate 7%
$413,557
Cap Rate 9%
$321,656
Alternative Uses
Best Use
Multifamily LT 5
$413.6K
$361.9K – $482.5K
NOI $28,949 @ 7.0% cap · market cap 4.45%
Second Best
Apartment 5plus
$359.2K
$314.3K – $419.1K
NOI $25,146 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$973.0K
$851.4K – $1.14M
NOI $68,112 @ 7.0% cap · market cap 10.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Utilities to site
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?
Triplex - Separate entrances and individual utility meters give each residence independent access and service.
Where is this triplex located?
The property is located at 436 VERMONT AVENUE 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: Three residences: two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath apartment; Separate entrances and individually metered utilities for each residence; Double‑pane vinyl windows installed in 2025
