Furnished Ocean-View Rental
For Sale
$70,000
1909 S ATLANTIC 501, Daytona Beach, FL 32118
Updated, accessible condo-hotel unit offered with furnishings for short-term rental use.
Property Size433 SF
Days on Market60
Property Features for 1909 S ATLANTIC 501
General Information
Standard status
Active
Size
433 SF
Property subtype
Other
Additional Details
Furnished
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,483
Amenities
handicap accessible
ocean view
Building Details
Building Size
433 SF
Year Built
1973
Listing Agency:
KELLER WILLIAMS RLTY FL. PARTN
Listed By:
Brannon Owens · License #3392574
(386) 281-9310
Source:
Elliman
Added: Jul 6
Changed: Aug 31
Last Checked: Sep 1 at 10:02PM
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 KELLER WILLIAMS RLTY FL. PARTN
Investment Insights
Based on property information with market context.
This ocean-view unit at Oceanside Inn is handicap accessible and includes furnishings, allowing the next owner to acquire the space with its contents in place. The residence has received updates and is positioned for short-term rental use within a condo-hotel setting.
Oceanside Inn is in Daytona Beach Shores, Florida. The property was built in 1973, and the building has undergone modern renovations throughout much of the complex. Walk Score is 50, Bike Score is 46, and Transit Score is 28.
Oceanside Inn is in Daytona Beach Shores, Florida. The property was built in 1973, and the building has undergone modern renovations throughout much of the complex. Walk Score is 50, Bike Score is 46, and Transit Score is 28.
Key Highlights
- Ocean‑view unit at Oceanside Inn
- Handicap accessible configuration
- Sold fully furnished
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
$3,299
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
4.71%
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%
$65,980
$66.0K
Cap Rate 7%
$47,129
$47.1K
Cap Rate 9%
$36,656
$36.7K
Market Conditions
NOI Build-Up for 433 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
$6.7K $15.48/SF
− Vacancy
−$704 −$1.63/SF
EGI
$6.0K $13.85/SF
− OpEx
−$2.7K −$6.23/SF
NOI
$3.3K $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%
$65,980
Cap Rate 7%
$47,129
Cap Rate 9%
$36,656
Alternative Uses
Best Use
Apartment 5plus
$47.1K
$41.2K – $55.0K
NOI $3,299 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$127.7K
$111.7K – $149.0K
NOI $8,937 @ 7.0% cap · market cap 12.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
588
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 - Updated, accessible condo-hotel unit offered with furnishings for short-term rental use.
Where is this short term rental property located?
The property is located at 1909 S ATLANTIC 501 Daytona Beach, FL.
What is the asking price?
The asking price for this property is $70,000.
What are key features of this property?
This property features: Ocean‑view unit at Oceanside Inn; Handicap accessible configuration; Sold fully furnished
