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    Daytona Beach Duplex Opportunity Title is generated by Realmo AI

    554 Spruce Street, Daytona Beach, FL 32114

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    Pending
    $250,000

    MULTI_FAMILY - Daytona Beach, FL

    Property size:
    1,392 SF
    Lot size:
    0.19 Acres
    Added:
    Feb 11, 2026
    Days on Market:
    94
    Last Refresh:
    May 16 at 1:06 am

    Property Features for 554 Spruce Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1
    Appliances
    Tankless Water Heater, Refrigerator, Electric Range
    Standard status
    Pending
    APN
    5338-92-02-0051
    Size
    1,392 SF
    Lot size
    0.19 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    38-15-33 N 86.5 FT OF LOTS 5 & 6 BLK B W. B. WRIGHTS SUB 2ND ADD MB 4 PG 122 MB 15 PG 186 OF COLEMANS DAYTONA MB 1 PG 155 MB 12 PG 33 PER OR 4122 PG 0875 PER OR 6016 PGS 0774-0776 INC PER OR 6033 PG 3287 PER OR 6438 PGS 3602-3603 PER OR 6471 PGS 4204-4205
    Tax Annual Amount
    1797

    Utilities

    Water source
    Public

    Building Details

    Year built
    1962
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Tile
    Building materials
    Block
    Roof type
    Shingle

    We can help!

    Listing Contact
    Ron Wysocarski

    Listing agent Ron Wysocarski

    Listing office LPT Realty, LLC 365 Bill France Blvd, Daytona Beach, FL

    Listing date Feb 11, 2026

    MLS# 1222916 Listing URL

    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

    • Fantastic central location near colleges, shopping, parks, and a short drive to the beach.
    • Duplex featuring two spacious units, each with 2 bedrooms and 1 full bathroom.
    • Opportunity to live in one unit and rent out the other.
    • Each unit includes a kitchen with stainless steel appliances.
    • No HOA fees.
    • Easy‑care tile flooring throughout each unit.

    Overview

    This multi-family building in Daytona Beach, Florida, presents an opportunity for investors and landlords. The property features two spacious units, each with two bedrooms and one full bathroom. Each unit includes a kitchen, living room, and easy-care tile flooring. The kitchens are equipped with ample cabinet space and stainless steel appliances, while the bathrooms feature a shower/tub combo. The property is situated in a central location near local colleges, shopping, and parks, with a short drive to the beach. The lot size is 0.19 acres, and the property size is 1392 square feet. There are no HOA fees. This duplex offers the potential to live in one unit and rent out the other to offset costs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.032923
    Latitude
    29.219848

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    FAQs

    What type of property is this?
    Duplex - Spacious duplex in central Daytona Beach, ideal for investors.
    Where is this duplex located?
    The property is located at 554 Spruce Street Daytona Beach, FL.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Fantastic central location near colleges, shopping, parks, and a short drive to the beach.; Duplex featuring two spacious units, each with 2 bedrooms and 1 full bathroom.; Opportunity to live in one unit and rent out the other.
    (386) 562-2651
    We can help!
    Listing Contact
    Ron Wysocarski
    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.

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