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Brentwood - Brentwood Drive 3.33 Acres of Commercial Land Offered at $620,663 CAD in Daytona Beach, FL 32117
Investment Highlights
- Zoned MFR-20
- The land basis provides a meaningful discount to the cost of delivering comparable new multifamily product in the region.
- The primary source of upside is not market timing, it is unit yield expansion through planning and entitlement execution.
- Multifamily residential potential
- Daytona Beach continues to experience strong demand for workforce and mid-market rental housing, supported by affordability pressure across Florida
Executive Summary
Zoned MFR-20, the property allows for the development of approximately 66 multifamily units, giving investors a turnkey path to a high-density rental community. For those seeking versatility, alternative strategies are also on the table—including the previously explored site plan for 28 build-to-rent single-family homes, a booming asset class in today’s market, or the potential to pursue greater density under Florida’s Live Local Act to unlock even higher returns.
With immediate access to N. Nova Road, I-95, and the Daytona/Deltona growth corridor, the site offers unbeatable connectivity, enhancing both leasing velocity and long-term appreciation. Whether pursuing multifamily, build-to-rent, or enhanced density, this property delivers unmatched flexibility in a market defined by opportunity.
This is more than just land—it’s a chance to shape the future of one of Florida’s most dynamic rental markets.
Property Facts
1 Lot Available
Lot 1
| Price | $620,663 CAD | Lot Size | 3.33 AC |
| Price Per AC | $186,385.41 CAD |
| Price | $620,663 CAD |
| Price Per AC | $186,385.41 CAD |
| Lot Size | 3.33 AC |
E 200 FT OF LOT 2 EXC ST & EXC S 255 FT BLK 33 M & C HOLLY H ILL MB 2 PG 90 PER OR 5189 PG
Description
Coldwell Banker Commercial Realty is pleased to represents a rare infill multifamily development opportunity in Brentwood Drive, Daytona Beach, Florida, positioned within a growing residential corridor supported by expanding rental demand, strong in-migration trends, and sustained housing affordability pressure across Volusia County. The site is being offered as a 90–120 unit garden-style multifamily development opportunity, with multiple density scenarios supporting both conservative and upside-driven investment strategies. At stabilized operation, the project benefits from strong rental demand in the Daytona Beach multifamily market. Key Assumptions: Average Rent: ~$1,650/month Expense Ratio: ~40% Exit Cap Rate: ~6.25% Under these assumptions, stabilized performance scales meaningfully with density: 90 Units - Lower bound feasibility case 100 Units - Institutional baseline case 120 Units - Upside-driven value creation case Importantly, returns are highly sensitive to unit yield, making entitlement and design optimization the primary value drivers of the investment. Rather than a stabilized income asset, Brentwood Drive is a value-creation land play, where performance is driven by: Entitlement optimization, Density maximization, Construction efficiency, and Rent growth capture. This is a deal designed for developers who understand that in Florida infill markets, value is created; not purchased.
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Brentwood - Brentwood Drive
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