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    Remodeled Daytona Beach Multifamily Property Title is generated by Realmo AI

    1909 S Atlantic Avenue, Daytona Beach Shores, FL 32118

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    For Sale
    $185,000

    MULTI_FAMILY - Daytona Beach Shores, FL

    Property size:
    793 SF
    Price / SF:
    $233/SF
    Added:
    May 8, 2026
    Days on Market:
    3
    Last Refresh:
    May 10 at 1:06 am

    Property Features for 1909 S Atlantic Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    2
    Bathrooms
    2
    Rooms
    Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2
    Parking features
    Off Street
    Appliances
    Refrigerator
    Standard status
    Active
    APN
    5316-31-00-6200
    Size
    793 SF

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    UNIT 620 (HOTEL UNITS 620 & 621) OCEANSIDE INN CONDO PER OR 5027 PG 2142 PER OR 5132 PG 4619 PER OR 5332 PG 1789 PER OR 5447 PG 2841 PER OR 7430 PGS 1884-1885 PER OR 8309 PG 3644 PER OR 8377 PG 0606
    Tax Annual Amount
    1674

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Water source
    Public
    Water front features
    Ocean Front
    Water front
    1

    Building Details

    Year built
    1973
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Tile
    Building materials
    Block
    Roof type
    Membrane

    We can help!

    Listing Contact
    Benjamin Larbus

    Listing agent Benjamin Larbus

    Listing office Pixel Realty 504 W Plant St Suite 119, Orlando, FL

    Listing date May 8, 2026

    MLS# 1226179 Listing URL

    Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Oceanfront property with breathtaking, uninterrupted ocean views.
    • Two separate, completely remodeled units offering flexible rental income potential.
    • Owner financing available.
    • Prime Daytona Beach location.
    • 793 sq ft of thoughtfully designed living space.
    • Proximity to the Space Center with occasional launch views.

    Overview

    Located in Daytona Beach, this multifamily property features two separate, completely remodeled units. The property offers 793 square feet of living space. Unit 620 includes two queen beds and a futon, accommodating up to five guests, while Unit 621 has one king bed and accommodates two guests. The units offer views of the Atlantic Ocean. The property is situated in a sought-after area of Daytona Beach, steps away from the beach. Owner financing is available. The property can be used as a short term rental. One unit can be rented out to generate income while the other is used for personal enjoyment, or both units can be rented out to double the income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach Shores
    County
    Volusia
    State
    Florida
    Longitude
    -81.0051
    Latitude
    29.215

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    FAQs

    What type of property is this?
    Short term rental property - Two remodeled units near the ocean. Owner financing available.
    Where is this short term rental property located?
    The property is located at 1909 S Atlantic Avenue Daytona Beach Shores, 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: Oceanfront property with **breathtaking, uninterrupted ocean views**.; Two separate, completely remodeled units offering flexible rental income potential.; Owner financing available.
    (419) 231-0668
    We can help!
    Listing Contact
    Benjamin Larbus
    Learn More
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    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.

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    1909 S Atlantic Avenue, Daytona Beach Shores, FL 32118
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