Daytona Beach Coastal
For Sale
$185,000
1909 S ATLANTIC Ave 621, Daytona Beach, FL 32118
Remodeled double unit with ocean views and rental potential.
Property Size793 SF
Lot Size1.80 Acres
Price / SF$233.29
Days on Market158
Property Features for 1909 S ATLANTIC Ave 621
General Information
Standard status
Active
Size
793 SF
Lot size
1.80 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$1,674
Building Details
Building Size
793 SF
Year Built
1973
Stories
9
Listing Agency:
Pixel Realty
(419) 231-0668
Listed By:
Benjamin Larbus
(419) 231-0668
Source:
Elliman
Added: Mar 12
Changed: Aug 8
Last Checked: Aug 8 at 6:21AM
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 Pixel Realty
Investment Insights
Based on property information with market context.
Located in Daytona Beach, this property features two separate, completely remodeled units. One unit is currently rented long term, providing monthly income. The property offers 793 square feet of living space and boasts ocean views. Situated in a sought-after area of Daytona Beach, it is steps from the boardwalk, nightlife, and recreational activities. Residents enjoy direct beach access, an oceanfront pool, a tiki bar, and outdoor seating. The condo is currently operating as a long-term rental and presents an investment opportunity. It is sold fully furnished with two beds in each unit. The layout integrates living, dining, and sleeping areas. The property can be self-managed or utilize the building's rental program. The property is intended for short term rental, multifamily, and residential income purposes.
Key Highlights
- Breathtaking Ocean Views from both units.
- Two separate, fully remodeled units offering flexible rental income options.
- Prime Daytona Beach location with direct beach access.
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
$6,043
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
3.27%
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%
$120,860
$120.9K
Cap Rate 7%
$86,329
$86.3K
Cap Rate 9%
$67,144
$67.1K
Market Conditions
NOI Build-Up for 793 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
$12.3K $15.48/SF
− Vacancy
−$1.3K −$1.63/SF
EGI
$11.0K $13.85/SF
− OpEx
−$4.9K −$6.23/SF
NOI
$6.0K $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%
$120,860
Cap Rate 7%
$86,329
Cap Rate 9%
$67,144
Alternative Uses
Best Use
Apartment 5plus
$86.3K
$75.5K – $100.7K
NOI $6,043 @ 7.0% cap · market cap 3.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$233.8K
$204.6K – $272.8K
NOI $16,368 @ 7.0% cap · market cap 8.85%
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 double unit with ocean views and rental potential.
Where is this short term rental property located?
The property is located at 1909 S ATLANTIC Ave 621 Daytona Beach, FL.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Breathtaking Ocean Views from both units.; Two separate, fully remodeled units offering flexible rental income options.; Prime Daytona Beach location with direct beach access.
