Short-Term Rental Condo with Lockout
For Sale
$179,500
1653 N Us Highway 1 #205, Ormond Beach, FL 32174
Two separate bedroom suites and a full kitchen support a flexible guest configuration.
Property Size931 SF
Price / SF$192.80
Days on Market267
Property Features for 1653 N Us Highway 1 #205
General Information
Standard status
Active
Size
931 SF
Property subtype
Hotel/Motel
Additional Details
Multifamily Units
1
Amenities
in-unit washer & dryer
pool
Building Details
Year Built
2007
Listing Agency:
Landshark Realty
(321) 567-7992
Listed By:
Darlene Tindall · License #3413444
(321) 593-2261
Source:
Mccoyfreeman
Added: Feb 12
Changed: Nov 4
Last Checked: Nov 4 at 8:31AM
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 Landshark Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 931-square-foot condo occupies the second floor and was built in 2007. Its lockout configuration includes a king bedroom suite, a double-queen bedroom suite, a full kitchen, and an in-unit washer and dryer. A pullout sofa adds sleeping space in the living room. The property is currently enrolled in the on-site management program.
The condo is within the Destination Daytona complex in Ormond Beach, at 1653 N US Highway 1. The complex is next to the amphitheater, and residents and guests can access the main hotel pool and the complex’s amenities.
The condo is within the Destination Daytona complex in Ormond Beach, at 1653 N US Highway 1. The complex is next to the amphitheater, and residents and guests can access the main hotel pool and the complex’s amenities.
Key Highlights
- Lockout floor plan with a king suite and a double‑queen suite
- 931 square feet on the second floor
- Full kitchen, in‑unit washer and dryer, and living‑room pullout sofa
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,094
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$141,880
$141.9K
Cap Rate 7%
$101,343
$101.3K
Cap Rate 9%
$78,822
$78.8K
Market Conditions
NOI Build-Up for 931 SF
Gross rent
$14.4K $15.48/SF
− Vacancy
−$1.5K −$1.63/SF
EGI
$12.9K $13.85/SF
− OpEx
−$5.8K −$6.23/SF
NOI
$7.1K $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 Rate 5%
$141,880
Cap Rate 7%
$101,343
Cap Rate 9%
$78,822
Alternative Uses
Best Use
Apartment 5plus
$101.3K
$88.7K – $118.2K
NOI $7,094 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$274.5K
$240.2K – $320.3K
NOI $19,216 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
Explore this area
Business Placement
Demographics for 32174, FL
53,097
Population
26,303
Households
2
Avg Household Size
55
Median Age
33%
College-Educated
93%
High-School Grad
125.4 sq mi
ZIP Area
423
Density / Sq Mi
$67,817
Median Household Income
$41,452
Median Earnings
$1,316
Median Rent
$315,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - Two separate bedroom suites and a full kitchen support a flexible guest configuration.
Where is this short term rental property located?
The property is located at 1653 N Us Highway 1 #205 Ormond Beach, FL.
What is the asking price?
The asking price for this property is $179,500.
What are key features of this property?
This property features: Lockout floor plan with a king suite and a double‑queen suite; 931 square feet on the second floor; Full kitchen, in‑unit washer and dryer, and living‑room pullout sofa
