Updated Duplex with Screened
For Sale
$177,500
915 ROYAL OAK COURT HOLLY, Daytona Beach, FL 32117
Two-bedroom duplex with refreshed interiors, separate laundry, fenced outdoor space, and no HOA.
Property Size1,260 SF
Price / SF$140.87
Days on Market87
Property Features for 915 ROYAL OAK COURT HOLLY
General Information
Standard status
Active
Size
1,260 SF
Property subtype
Duplex
Additional Details
Multifamily Units
1
Amenities
screened porch
large fenced backyard
indoor separate laundry room
Central
Central Air
Dishwasher
Disposal
Microwave
Range
Refrigerator
Electricity Connected, Sewer Connected, Water Connected, Shingle
Building Details
Year Built
1977
Stories
1
Listing Agency:
Keller Williams Realty Florida Partners
(386) 852-6491
Listed By:
Harlan Kerson · License #SL3569983
(386) 852-6491
Source:
Kw
Added: May 23
Changed: Aug 14
Last Checked: Aug 13 at 5:09PM
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 Realty Florida Partners
Investment Insights
Based on property information with market context.
This duplex, built in 1977, offers 1,260 living square feet with two bedrooms, two bathrooms, and a dedicated office. Interior improvements include a kitchen updated in 2021 with granite countertops, along with a primary bathroom completed in 2025. The home also features central air, a dishwasher, disposal, microwave, range, refrigerator, and a separate indoor laundry room.
Exterior updates include vinyl siding and windows installed in 2021, a 2019 roof and hot water tank, and an AC system dating to 2016. Connected electricity, sewer, and water support the property. A screened porch opens to a large fenced backyard with a partial pond view. The property has no HOA and is near Riviera Oaks dog park, a golf course, and shops.
Exterior updates include vinyl siding and windows installed in 2021, a 2019 roof and hot water tank, and an AC system dating to 2016. Connected electricity, sewer, and water support the property. A screened porch opens to a large fenced backyard with a partial pond view. The property has no HOA and is near Riviera Oaks dog park, a golf course, and shops.
Key Highlights
- 1,260 living square feet with 2 bedrooms, 2 bathrooms, and an office
- Kitchen upgraded with granite countertops in 2021
- Primary bathroom 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
$11,053
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
6.23%
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%
$221,060
$221.1K
Cap Rate 7%
$157,900
$157.9K
Cap Rate 9%
$122,811
$122.8K
Market Conditions
NOI Build-Up for 1,260 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
$17.5K $13.92/SF
− Vacancy
−$1.7K −$1.39/SF
EGI
$15.8K $12.53/SF
− OpEx
−$4.7K −$3.76/SF
NOI
$11.1K $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%
$221,060
Cap Rate 7%
$157,900
Cap Rate 9%
$122,811
Alternative Uses
Best Use
Multifamily LT 5
$157.9K
$138.2K – $184.2K
NOI $11,053 @ 7.0% cap · market cap 6.23%
Second Best
Apartment 5plus
$137.2K
$120.0K – $160.0K
NOI $9,601 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$371.5K
$325.1K – $433.4K
NOI $26,006 @ 7.0% cap · market cap 14.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
415
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom duplex with refreshed interiors, separate laundry, fenced outdoor space, and no HOA.
Where is this duplex located?
The property is located at 915 ROYAL OAK COURT HOLLY Daytona Beach, FL.
What is the asking price?
The asking price for this property is $177,500.
What are key features of this property?
This property features: 1,260 living square feet with 2 bedrooms, 2 bathrooms, and an office; Kitchen upgraded with granite countertops in 2021; Primary bathroom completed in 2025
