Duplex with New
For Sale
$239,000
815 8TH STREET, Daytona Beach, FL 32117
Well-maintained duplex with a brand-new roof, two one-bedroom units, each with dedicated laundry space.
Property Size1,120 SF
Price / SF$213.39
Days on Market18
Property Features for 815 8TH STREET
General Information
Standard status
Active
Size
1,120 SF
Property subtype
Duplex
Building Details
Year Built
1958
Buildings
1
Tenancy
Multi
Listing Agency:
KELLER WILLIAMS RLTY FL. PARTN
(386) 944-2800
Listed By:
Yana Marchenko · License #3390160
Source:
Endlesssummerrealty
Added: Jul 27
Changed: Aug 12
Last Checked: Aug 13 at 5:38AM
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 KELLER WILLIAMS RLTY FL. PARTN
Investment Insights
Based on property information with market context.
This well-maintained duplex offers two separate one-bedroom, one-bath units. The property was built in 1958 and includes a brand-new roof. Each unit features an open-concept layout with natural light, a spacious kitchen, and a dedicated laundry area.
Located at 815 8th Street in Daytona Beach, FL 32117, the property is positioned just minutes from shopping, dining, and the area’s beaches. The layout is set up for either investment use or owner-occupancy, with two distinct units under one roof.
With its updated roof and functional unit design, this duplex provides a straightforward option for buyers seeking a two-unit residential income property in a central Daytona Beach location.
Located at 815 8th Street in Daytona Beach, FL 32117, the property is positioned just minutes from shopping, dining, and the area’s beaches. The layout is set up for either investment use or owner-occupancy, with two distinct units under one roof.
With its updated roof and functional unit design, this duplex provides a straightforward option for buyers seeking a two-unit residential income property in a central Daytona Beach location.
Key Highlights
- Brand‑new roof
- Two one‑bedroom, one‑bath units
- Dedicated laundry area in each unit
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
$9,825
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
4.11%
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%
$196,500
$196.5K
Cap Rate 7%
$140,357
$140.4K
Cap Rate 9%
$109,167
$109.2K
Market Conditions
NOI Build-Up for 1,120 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
$15.6K $13.92/SF
− Vacancy
−$1.6K −$1.39/SF
EGI
$14.0K $12.53/SF
− OpEx
−$4.2K −$3.76/SF
NOI
$9.8K $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%
$196,500
Cap Rate 7%
$140,357
Cap Rate 9%
$109,167
Alternative Uses
Best Use
Multifamily LT 5
$140.4K
$122.8K – $163.8K
NOI $9,825 @ 7.0% cap · market cap 4.11%
Second Best
Apartment 5plus
$121.9K
$106.7K – $142.2K
NOI $8,534 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$330.2K
$289.0K – $385.3K
NOI $23,117 @ 7.0% cap · market cap 9.67%
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
367
Businesses Nearby
Explore this area
Business Placement
Demographics for 32117, FL
28,223
Population
14,392
Households
2
Avg Household Size
43
Median Age
21%
College-Educated
90%
High-School Grad
12.0 sq mi
ZIP Area
2,352
Density / Sq Mi
$52,132
Median Household Income
$32,189
Median Earnings
$1,392
Median Rent
$175,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with a brand-new roof, two one-bedroom units, each with dedicated laundry space.
Where is this duplex located?
The property is located at 815 8TH STREET Daytona Beach, FL.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Brand‑new roof; Two one‑bedroom, one‑bath units; Dedicated laundry area in each unit
