Updated Duplex with
For Sale
$435,000
722 N Halifax Ave, Daytona Beach, FL 32118
Two units offer renovated kitchens, separate electric meters, and access to outdoor space.
Property Size2,130 SF
Price / SF$204.23
Days on Market105
Property Features for 722 N Halifax Ave
General Information
Standard status
Active
Size
2,130 SF
Total Parking Spaces
3
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$5,135
Amenities
elevated deck
attic
fenced yard
Building Details
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
RE/MAX Signature
(386) 673-7001
Listed By:
Doug Gernert · License #SL3055478
(386) 673-7001
Source:
Exprealty
Added: May 4
Changed: Aug 3
Last Checked: Aug 15 at 9:57AM
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 RE/MAX Signature
Investment Insights
Based on property information with market context.
This two-story duplex contains approximately 2,130 square feet, with a two-bedroom residence on the first level and a three-bedroom residence above. Both units feature refreshed kitchens with white shaker cabinetry, quartz countertops, stainless steel appliances, and farmhouse sinks. New A/C systems serve each unit, while hardwood flooring, open living areas, and abundant natural light contribute to the interior layout.
Property improvements include a three-car garage, separate electric meters, a fenced yard, an elevated deck serving the upper unit, and access to a large attic. The property is within walking distance of the beach and Halifax River, as well as nearby dining and entertainment. Its two-unit configuration supports either owner occupancy with additional income or use as a residential income property, as described in the listing information.
Property improvements include a three-car garage, separate electric meters, a fenced yard, an elevated deck serving the upper unit, and access to a large attic. The property is within walking distance of the beach and Halifax River, as well as nearby dining and entertainment. Its two-unit configuration supports either owner occupancy with additional income or use as a residential income property, as described in the listing information.
Key Highlights
- Two‑story duplex with a 2‑bedroom lower unit and 3‑bedroom upper unit
- 2,130 SF of living area
- Updated kitchens with quartz counters, stainless appliances, and farmhouse sinks
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
$18,685
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
4.30%
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%
$373,700
$373.7K
Cap Rate 7%
$266,929
$266.9K
Cap Rate 9%
$207,611
$207.6K
Market Conditions
NOI Build-Up for 2,130 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
$29.6K $13.92/SF
− Vacancy
−$3.0K −$1.39/SF
EGI
$26.7K $12.53/SF
− OpEx
−$8.0K −$3.76/SF
NOI
$18.7K $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%
$373,700
Cap Rate 7%
$266,929
Cap Rate 9%
$207,611
Alternative Uses
Best Use
Multifamily LT 5
$266.9K
$233.6K – $311.4K
NOI $18,685 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$231.9K
$202.9K – $270.5K
NOI $16,231 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$628.0K
$549.5K – $732.7K
NOI $43,963 @ 7.0% cap · market cap 10.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,043
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?
Duplex - Two units offer renovated kitchens, separate electric meters, and access to outdoor space.
Where is this duplex located?
The property is located at 722 N Halifax Ave Daytona Beach, FL.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Two‑story duplex with a 2‑bedroom lower unit and 3‑bedroom upper unit; 2,130 SF of living area; Updated kitchens with quartz counters, stainless appliances, and farmhouse sinks
