Historic Rothschild Manor Ocean
For Sale
Contact for pricing
319 Wisteria Road, Daytona Beach, FL 32118
Historic Ocean Dunes home with original features and in-law suite.
Property Size6,062 SF
Price / SF$164.96
Days on Market772
Property Features for 319 Wisteria Road
General Information
Standard status
Active
Size
6,062 SF
Property subtype
Multifamily, Land
Building Details
Year Built
1926
Units
2
Listing Agency:
Shoreline Realty
Listed By:
Matthew McLean · License #3342557
(386) 585-5571
Source:
Crexi
Added: Jul 24, 2024
Changed: Aug 16
Last Checked: Aug 28 at 4:12PM
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 Shoreline Realty
Investment Insights
Based on property information with market context.
The Historic Rothschild Manor, built in 1924, is located in Ocean Dunes. This home was once owned by Elizabeth Rothschild, a survivor of the Titanic. The property features original hardwood floors, a coffered ceiling, and crown molding. The kitchen and bathrooms include original brick accent walls and a claw foot tub. A long driveway leads to a rear motor courtyard with an original chauffeur's apartment above the two-car garage. Additionally, there is an in-law suite with a separate address, featuring a full kitchen, dining room, living room, bedroom, and bathroom. The yard includes a bocce ball court, a covered carport, and a sunk-in garden. The property size is 6062 square feet.
Key Highlights
- Historic Rothschild Manor: Owned by Titanic survivor Elizabeth Rothschild, offering a unique historical connection.
- Original Architectural Details: Features original hardwood floors, coffered ceiling, crown molding, brick accent walls, and a claw foot tub, showcasing authentic 1920s charm.
- In‑Law Suite: Includes a separate address, full kitchen, dining and living room, bedroom, and bath, providing independent living space.
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
$46,193
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
4.62%
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%
$923,860
$923.9K
Cap Rate 7%
$659,900
$659.9K
Cap Rate 9%
$513,256
$513.3K
Market Conditions
NOI Build-Up for 6,062 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
$93.8K $15.48/SF
− Vacancy
−$9.9K −$1.63/SF
EGI
$84.0K $13.85/SF
− OpEx
−$37.8K −$6.23/SF
NOI
$46.2K $7.62/SF
Area
Volusia County, FL
Vacancy
10.50%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
45.00%
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%
$923,860
Cap Rate 7%
$659,900
Cap Rate 9%
$513,256
Alternative Uses
Best Use
Apartment 5plus
$659.9K
$577.4K – $769.9K
NOI $46,193 @ 7.0% cap · market cap 4.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.79M
$1.56M – $2.09M
NOI $125,120 @ 7.0% cap · market cap 12.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
392
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?
Multifamily property - Historic Ocean Dunes home with original features and in-law suite.
Where is this multifamily property located?
The property is located at 319 Wisteria Road Daytona Beach, FL.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Historic Rothschild Manor: **Owned by Titanic survivor Elizabeth Rothschild**, offering a unique historical connection.; Original Architectural Details: Features original hardwood floors, coffered ceiling, crown molding, brick accent walls, and a claw foot tub, showcasing authentic 1920s charm.; In‑Law Suite: Includes a separate address, full kitchen, dining and living room, bedroom, and bath, providing independent living space.
