Building Details

Year Built 1935

Listing Agency: Shell Realty LLC

Listed By: Kevin Kling · License #3046851 Show Phone

Source: 386realestate

Added: Oct 7 Last Checked: Oct 7 at 10:24AM

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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 Shell Realty LLC

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,896

Cap Rate

3.70%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$377,920 $377.9K

Cap Rate 7%

$269,943 $269.9K

Cap Rate 9%

$209,956 $210.0K

Market Conditions

NOI Build-Up for 2,154 SF

Gross rent

$30.0K $13.92/SF

− Vacancy

−$3.0K −$1.39/SF

EGI

$27.0K $12.53/SF

− OpEx

−$8.1K −$3.76/SF

NOI

$18.9K $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 Rate 5%

$377,920

Cap Rate 7%

$269,943

Cap Rate 9%

$209,956

Alternative Uses

Best Use

Multifamily LT 5

$269.9K

$236.2K – $314.9K (±1% cap)

NOI $18,896 @ 7.0% cap · market cap 3.70%

Second Best

Apartment 5plus

$234.5K

$205.2K – $273.6K (±1% cap)

NOI $16,414 @ 7.0% cap · market cap 3.21%

Theoretical Best

Office A

$635.1K

$555.7K – $741.0K (±1% cap)

NOI $44,459 @ 7.0% cap · market cap 8.70%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Parking Lot & Garage Plumbing Service (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Garden Center Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,895

Businesses Nearby

Explore this area Business Placement

Demographics for 32114, FL

34,943

Population

17,118

Households

2

Avg Household Size

33

Median Age

19%

College-Educated

89%

High-School Grad

16.0 sq mi

ZIP Area

2,184

Density / Sq Mi

$39,906

Median Household Income

$31,220

Median Earnings

$1,171

Median Rent

$174,900

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

Where is this triplex located?

The property is located at 532 Magnolia Ave Daytona Beach, FL.

What is the asking price?

The asking price for this property is $510,993.