Brentwood Drive

Situated in Daytona Beach’s established residential growth corridor, Brentwood Drive benefits from: Strong regional employment base (healthcare, education, tourism, logistics) Expanding population migration into Central and East Florida Proximity to retail, services, and major transportation corridors Ongoing demand for workforce and mid-market rental housing The site sits within a submarket where new supply is limited by land availability and regulatory constraints, creating a natural barrier to entry for competing development. Daytona Beach continues to experience strong demand for workforce and mid-market rental housing, supported by affordability pressure across Florida coastal markets.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.