Four-Unit Block Construction
New
For Sale
$449,000
600 S SEGRAVE, Daytona Beach, FL 32114
Corner-lot multifamily property with open-concept layouts and recent capital improvements.
Property Size2,016 SF
Days on Market7
Property Features for 600 S SEGRAVE
General Information
Standard status
Active
Size
2,016 SF
Property subtype
Investment
Occupancy
100%
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$5,702
Building Details
Building Size
2,016 SF
Year Built
1986
Construction
block-construction
Listing Agency:
ADAMS, CAMERON & CO., REALTORS
(386) 453-6930
Listed By:
Kristin Petersen · License #0583049
(386) 453-6930
Source:
Elliman
Added: Aug 13
Changed: Aug 14
Last Checked: Aug 18 at 8:57AM
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 ADAMS, CAMERON & CO., REALTORS
Investment Insights
Based on property information with market context.
This four-unit quadplex is built with solid block construction and includes four one-bedroom, one-bath residences. Each unit features an open-concept layout. The property was built in 1986 and has maintained consistent occupancy over multiple years, with current occupancy described as full.
Recent improvements include a brand-new roof completed in 2025, updated bathroom vanities installed in 2022, and new stoves and refrigerators in Units 1 and 4, also completed in 2022. Positioned on a corner lot, the property includes additional parking and is located at 600 S Segrave in Daytona Beach, Florida. The surrounding context includes nearby employers, shopping, dining, Daytona Beach, and several colleges and universities.
Recent improvements include a brand-new roof completed in 2025, updated bathroom vanities installed in 2022, and new stoves and refrigerators in Units 1 and 4, also completed in 2022. Positioned on a corner lot, the property includes additional parking and is located at 600 S Segrave in Daytona Beach, Florida. The surrounding context includes nearby employers, shopping, dining, Daytona Beach, and several colleges and universities.
Key Highlights
- Four‑unit quadplex with four 1‑bedroom, 1‑bath units
- Solid block construction; built in 1986
- Brand‑new roof completed 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
$17,685
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
3.94%
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%
$353,700
$353.7K
Cap Rate 7%
$252,643
$252.6K
Cap Rate 9%
$196,500
$196.5K
Market Conditions
NOI Build-Up for 2,016 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
$28.1K $13.92/SF
− Vacancy
−$2.8K −$1.39/SF
EGI
$25.3K $12.53/SF
− OpEx
−$7.6K −$3.76/SF
NOI
$17.7K $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%
$353,700
Cap Rate 7%
$252,643
Cap Rate 9%
$196,500
Alternative Uses
Best Use
Multifamily LT 5
$252.6K
$221.1K – $294.8K
NOI $17,685 @ 7.0% cap · market cap 3.94%
Second Best
Apartment 5plus
$219.5K
$192.0K – $256.0K
NOI $15,362 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$594.4K
$520.1K – $693.5K
NOI $41,610 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
831
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Corner-lot multifamily property with open-concept layouts and recent capital improvements.
Where is this quadplex located?
The property is located at 600 S SEGRAVE Daytona Beach, FL.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Four‑unit quadplex with four 1‑bedroom, 1‑bath units; Solid block construction; built in 1986; Brand‑new roof completed in 2025
