Remodeled Studio with Ocean
For Sale
$99,000
1909 S ATLANTIC Ave 602, Daytona Beach, FL 32118
Remodeled studio with ocean view, short-term rental potential.
Property Size498 SF
Lot Size1.80 Acres
Price / SF$198.80
Days on Market153
Property Features for 1909 S ATLANTIC Ave 602
General Information
Standard status
Active
Size
498 SF
Lot size
1.80 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$1,545
Building Details
Building Size
498 SF
Year Built
1973
Stories
9
Listing Agency:
COLDWELL BANKER SURFCOAST RLTY
(386) 576-6867
Listed By:
David Palatiere
(386) 576-6867
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 2:19PM
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 COLDWELL BANKER SURFCOAST RLTY
Investment Insights
Based on property information with market context.
This remodeled studio, spanning 498 square feet, presents an opportunity for personal use or investment, with views of the ocean and Daytona Beach. The unit is furnished with two queen-size beds, a large television, and multiple seating areas. It is suitable for both short-term and long-term rentals, offering the flexibility of self-management or participation in the condo's rental program. Oceanside Inn provides resort-style amenities, including a pool area, tiki bar, direct beach access, outdoor seating, and a remodeled lobby area. The condo is sold fully furnished.
Key Highlights
- Ocean view and overlooks Daytona Beach.
- Remodeled, fully furnished studio (498 sq.ft) ready for immediate use or rental.
- Short‑term and long‑term rental options are allowed.
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
$3,795
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
3.83%
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%
$75,900
$75.9K
Cap Rate 7%
$54,214
$54.2K
Cap Rate 9%
$42,167
$42.2K
Market Conditions
NOI Build-Up for 498 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
$7.7K $15.48/SF
− Vacancy
−$809 −$1.63/SF
EGI
$6.9K $13.85/SF
− OpEx
−$3.1K −$6.23/SF
NOI
$3.8K $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%
$75,900
Cap Rate 7%
$54,214
Cap Rate 9%
$42,167
Alternative Uses
Best Use
Apartment 5plus
$54.2K
$47.4K – $63.3K
NOI $3,795 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$146.8K
$128.5K – $171.3K
NOI $10,279 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
325
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?
Short term rental property - Remodeled studio with ocean view, short-term rental potential.
Where is this short term rental property located?
The property is located at 1909 S ATLANTIC Ave 602 Daytona Beach, FL.
What is the asking price?
The asking price for this property is $99,000.
What are key features of this property?
This property features: Ocean view and overlooks Daytona Beach.; Remodeled, fully furnished studio (498 sq.ft) ready for immediate use or rental.; Short‑term and long‑term rental options are allowed.
