Oceanside Inn Three-Unit
For Sale
$249,000
1909 S ATLANTIC Ave 717, Daytona Beach, FL 32118
Three units with ocean views and resort-style amenities.
Property Size1,130 SF
Days on Market182
Property Features for 1909 S ATLANTIC Ave 717
General Information
Standard status
Active
Size
1,130 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$2,261
Building Details
Building Size
1,130 SF
Year Built
1973
Stories
9
Listing Agency:
Glory International Real Estat
Listed By:
Louis Castriota · License #349095
(386) 469-9036
Source:
Elliman
Added: Apr 24
Changed: Oct 21
Last Checked: Oct 20 at 9:11PM
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 Glory International Real Estat
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Investment Insights
Based on property information with market context.
This unique property features three units deeded as one within the desirable Oceanside Inn. All units offer ocean views from Daytona Beach. Currently, all units are tenant-occupied. The Oceanside Inn in Daytona Beach Shores provides resort-style amenities, including direct oceanfront access to sandy shores and a pool area. Additional amenities include an on-site tiki bar, a renovated lobby area, a workout room, and a laundry room. The property allows for short-term (Airbnb, VRBO) and long-term rental options, with self-management or the condo's rental program available. The property is located next to "Max Daytona", restaurants, banks, grocery stores, Daytona Beach International Speedway, Band Shell, and Main Street Ocean Walk. It also offers easy access to both I-95 and I-4.
Key Highlights
- Three units deeded as one, offering flexibility for rental income or personal use.
- Direct oceanfront access to Daytona Beach.
- Enjoy resort‑style amenities including a pool, tiki bar, renovated lobby, and workout room.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,611
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$172,220
$172.2K
Cap Rate 7%
$123,014
$123.0K
Cap Rate 9%
$95,678
$95.7K
Market Conditions
NOI Build-Up for 1,130 SF
Gross rent
$17.5K $15.48/SF
− Vacancy
−$1.8K −$1.63/SF
EGI
$15.7K $13.85/SF
− OpEx
−$7.0K −$6.23/SF
NOI
$8.6K $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%
$172,220
Cap Rate 7%
$123,014
Cap Rate 9%
$95,678
Alternative Uses
Best Use
Apartment 5plus
$123.0K
$107.6K – $143.5K
NOI $8,611 @ 7.0% cap · market cap 3.46%
Second Best
Hotel Hospitality
$58.0K
$50.7K – $67.6K
NOI $4,058 @ 7.0% cap · market cap 1.63%
Theoretical Best
Office A
$333.2K
$291.5K – $388.7K
NOI $23,323 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with authorities.
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Hotel - Three units with ocean views and resort-style amenities.
Where is this hotel located?
The property is located at 1909 S ATLANTIC Ave 717 Daytona Beach, FL.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Three units deeded as one, offering flexibility for rental income or personal use.; Direct oceanfront access to Daytona Beach.; Enjoy resort‑style amenities including a pool, tiki bar, renovated lobby, and workout room.
