Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    19-23 S Hollywood Avenue Daytona Beach, FL 32118

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,850,000

    Beachside multifamily property with 14 units and recent upgrades.

    Type:Multifamily
    Property size:
    5,636 SF
    Added:
    Nov 21, 2025
    Days on Market:
    132
    Last Refresh:
    Mar 30 at 12:13 am

    Property Features for 19-23 S Hollywood Avenue

    General Information

    Standard status
    Active
    Size
    5,636 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    1939

    We can help!

    Listing Contact
    Michael Baxter
    Michael Baxter

    Listing agent Michael Baxter License #SL3451680

    Listing office SVN | Alliance Commercial Real Estate Advisors

    Listing date Nov 21, 2025

    Source Svn

    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 SVN | Alliance Commercial Real Estate Advisors

    Overview

    Daytona Beach Multifamily Investment

    This multifamily property, located on S. Hollywood Avenue in Daytona Beach, Florida, presents an investment opportunity. The property consists of 14 units with a mix of 5 studios, 3 one-bedroom units, 4 two-bedroom units, and 1 three-bedroom unit. The property totals 5,636 square feet and features a low-rise, garden-style layout. Recent upgrades include new roofs installed in 2020 and 2021 on all three buildings. All tenants are current on their rent. The property has a history of high occupancy.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.0113
    Latitude
    29.2249

    Nearby Similar for Sale

    • $749,999
      5,819 SF

      Daytona Beach Professional Office Building

      High-profile office building in a desirable Daytona Beach location.
      213 Silver Beach Avenue, Daytona Beach, FL 32118
      View Details
    • $448,370
      3,979 SF

      Daytona Beach Commercial Building

      Freestanding commercial building in high-traffic area near the beach.
      523 N Peninsula Drive, Daytona Beach, FL 32118
      View Details
    • $339,000
      2,060 SF

      Daytona Beach Two-Story Office Building

      Two-story office building in downtown Daytona Beach with historic charm.
      339 S Ridgewood Avenue, Daytona Beach, FL 32114
      View Details
    • $999,999
      6,786 SF

      Daytona Beach Commercial Asset Sales

      Turnkey restaurant and bar opportunity in Daytona Beach, Florida.
      312-318 SEABREEZE Boulevard unit: 316 & 318, Daytona Beach, FL 32118
      View Details
    • $4,250,000
      5,646 SF

      Daytona Beach Commercial Opportunity

      Commercial property with multiple businesses and development potential.
      301 E International Speedway Boulevard, Daytona Beach, FL 32118
      View Details
    • $399,000
      2,508 SF

      Daytona Beach Mixed-Use Property

      Mixed-use property in tourist area, owner financing available.
      618 N Wild Olive Avenue W, Daytona Beach, FL 32118
      View Details
    • $1,899,000
      12,600 SF

      Daytona Beach Commercial Property

      12,600 SF commercial building in Daytona Beach, Florida.
      1396 N Nova Road, Daytona Beach, FL 32117
      View Details
    • $360,000
      3,300 SF

      Turnkey Pizza Restaurant in Daytona

      Fully operational pizza restaurant in Daytona Beach's entertainment district.
      615 Seabreeze Boulevard, Daytona Beach, FL 32118
      View Details
    • $850,000
      8,237 SF

      Daytona Beach Commercial Property Available

      High-exposure commercial property near Daytona International Speedway.
      936 W International Speedway Boulevard, Daytona Beach, FL 32114
      View Details
    • $699,900
      7,172 SF

      Daytona Beach Mixed-Use Opportunity

      Versatile mixed-use property with retail, office, and warehouse space.
      529 RIDGEWOOD AVENUE, DAYTONA BEACH, FL 32117
      View Details
    • $365,000
      1,500 SF

      Daytona Beach Commercial Building

      Versatile 1,500 SF commercial building in central Daytona Beach.
      1012 N Nova Road, Daytona Beach, FL 32117
      View Details
    • $2,095,000
      11,158 SF

      Historic Daytona Beach Commercial Assemblage

      Prime commercial real estate on world-renowned Main Street in Daytona Beach.
      815-823 Main Street, Daytona Beach, FL 32118
      View Details

    FAQs

    What type of property is this?
    Apartment building - Beachside multifamily property with 14 units and recent upgrades.
    Where is this apartment building located?
    The property is located at 19-23 S Hollywood Avenue Daytona Beach, FL.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: Beachside location in Daytona Beach, FL; Multifamily property with 14 units; New roofs installed in 2020 & 2021 across all 3 buildings
    (386) 999-1762
    We can help!
    Listing Contact
    Michael Baxter
    Michael Baxter
    Real Estate License ID: SL3451680
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!