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Property profile & analytics
FOR SALE
Quadplexes
340 S Palmetto Ave Daytona Beach, FL 32114
Individually Owned
5-yr Hold
Property ID
US19-0606528
For Sale
1 / 43
$450,000
340 S Palmetto Ave, Daytona Beach, FL 32114
View Listing →
Property summary
AI-generated overview
Downtown 4 plex for sale. Great rental income property within walking distance to restaurants, parks and everything downtown has to offer. Property consists of 2 two-bedroom one bath and 2 one bedroom one bath apartments. Great rental history and property is turnkey. Apartments have been nicely updated and have newer appliances. These units stay full and are easily rented because of the very convenient location. Owner is motivated and looking for offers. Don't delay on this opportunity. ALL INFO MEANT TO BE TRUE BUT CANNOT BE GUARANTEED AND MUST BE VERIFIED BY POTENTIAL BUYER. ALL LICENSING AND ZONING INFO TO BE VERIFIED WITH CITY OF DAYTONA BEACH BY BUYER.
Property profile
Verified
Property type
Quadplexes
Year built
1915
Total area
2,456 SF
UPID
US19-0606528
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Tracy's house Housing Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Richard Gailey · 5 yrs held
Richard Gailey
since 2021
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Daytona Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Daytona Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Quadplexes
Status
For Sale
Year built
1915
Total area
2,456 SF
UPID
US19-0606528
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1915
Current owner
From public records · entity-resolved
Richard Gailey
Individual
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2021
$234,000
Richard Gailey
John W Dougherty
Warranty Deed
$175,500 · United Wholesale Mortgage
Feb 12, 2019
$172,000
John W Dougherty
Abraham Labowz
Warranty Deed
$129,000 · Jpmorgan Chase Bank NA
Dec 11, 2018
$120,000
Abraham Labowz
Karp,denise N
Warranty Deed
$70,000 · Denise N Karp
May 25, 2016
—
340 Palmetto Apartments LLC
Poona Properties LLC
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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