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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    13 Peninsula Dr Daytona Beach, FL 32118

    • Residential income homes
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0123082
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 13 Peninsula Dr

    Property type
    Residential income homes

    Description

    This exceptional value-add investment opportunity comprises a portfolio of 44 properties situated along Daytona Beach's coastline in Volusia County, Florida. The portfolio includes a diverse mix of property types, encompassing 23 single-family homes, 1 residential condominium, 9 multifamily properties, 3 mixed-use properties, and 8 land parcels, all located at various addresses within the city. Currently operating at 40% occupancy, this portfolio presents significant upside potential for an investor seeking to capitalize on Daytona Beach's rapid growth. The city's ranking as one of the fastest-growing places in the US for 2024-2025, coupled with its affordable cost of living, desirable climate, and thriving outdoor lifestyle, makes this a compelling investment. The properties are being sold individually or in any combination at auction on December 10th at 8:00 a.m. ET. This presents a unique chance to acquire a diverse range of assets in a high-growth market, offering a blend of immediate income generation and long-term appreciation potential. The properties are located near 13 S Peninsula Dr, Daytona Beach, FL 32118. This portfolio is ideal for investors seeking to establish a strong foothold in the flourishing Daytona Beach real estate market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.005385032293
    Latitude
    29.222043282593

    Comparable in this City

    • $272,000
      1,636 SF

      Palafox Highway Commercial Lot

      High-traffic corner lot, ideal for various uses.
      415 Braddock Ave, Daytona Beach, FL 32118
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    • $1,250,000
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      Daytona Beach Multifamily Investment

      Beachfront Six-Unit Income Property
      600 Oakridge Blvd, Daytona Beach, FL 32118
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    • $198,000

      Daytona Beach Multifamily Investment

      Beachside Lot, Multi-Use Potential
      0 Earl St, Daytona Beach, FL 32118
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    • $2,600,000
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      801 Halifax Ave

      Multifamily properties • 3.00 Acres
      801 Halifax Ave, Daytona Beach, FL 32118
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    • $3,300,000

      Daytona Beach Waterfront Development

      Luxury condo development opportunity. Prime location.
      613 Halifax Ave, Daytona Beach, FL 32118
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    • $295,000

      Beachside Multifamily Lot in Daytona

      Prime Beachfront Development Opportunity
      0 Cardinal Blvd, Daytona Beach Shores, FL 32118
      View Details

    Similar Nearby for Sale

    • $272,000
      1,636 SF

      Palafox Highway Commercial Lot

      High-traffic corner lot, ideal for various uses.
      415 Braddock Ave, Daytona Beach, FL 32118
      View Details
    • $2,600,000
      3.00 Acres

      801 Halifax Ave

      Multifamily properties • 3.00 Acres
      801 Halifax Ave, Daytona Beach, FL 32118
      View Details
    • $3,300,000

      Daytona Beach Waterfront Development

      Luxury condo development opportunity. Prime location.
      613 Halifax Ave, Daytona Beach, FL 32118
      View Details
    • $198,000

      Daytona Beach Multifamily Investment

      Beachside Lot, Multi-Use Potential
      0 Earl St, Daytona Beach, FL 32118
      View Details
    • $1,250,000
      3,312 SF

      Daytona Beach Multifamily Investment

      Beachfront Six-Unit Income Property
      600 Oakridge Blvd, Daytona Beach, FL 32118
      View Details
    • $295,000

      Beachside Multifamily Lot in Daytona

      Prime Beachfront Development Opportunity
      0 Cardinal Blvd, Daytona Beach Shores, FL 32118
      View Details

    Similar Nearby for Lease

    • $1,395 /Mo
      34,000 SF

      Daytona Beach Condos For Rent

      Two-bedroom condos in Daytona Beach with ocean views.
      1825 N Atlantic Ave N, Daytona Beach, FL 32118
      View Details
    • $2,350,000
      60,113 SF

      Daytona Beach Waterfront Condo Units

      18 units in 39-unit building with waterfront access.
      900 S Peninsula Dr, Daytona Beach, FL 32118
      View Details
    • Contact for pricing

      Daytona Beach Commercial Land Opportunity

      Beachfront Land: Build-to-Suit or Lease
      1102 Atlantic Ave, Daytona Beach, FL 32118
      View Details
    • $20 SF/Yr
      1,834 SF

      Beachside Office Space For Lease

      Prime Beachside Location, Fully Renovated
      1109 Peninsula Dr, Daytona Beach, FL 32118
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    • $10 SF/Yr
      5,544 SF

      Seabreeze Blvd Retail Opportunity

      Prime Daytona Beach Bar/Restaurant Space
      546 Seabreeze Blvd, Daytona Beach, FL 32118
      View Details
    • $1.19 SF/Yr
      5,000 SF

      Prestigious Daytona Executive Office Suite

      Historic building, 5,000 sq ft, ample parking.
      211 International Speedway Blvd, Daytona Beach, FL 32118
      View Details
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    13 Peninsula Dr
    Daytona Beach, FL 32118
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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