Daytona Beach 6-Unit Beachside
For Sale
Contact for pricing
Pending
2215 N Atlantic Ave, Daytona Beach, FL 32118
Beachside 6-unit complex with ocean views in Daytona Beach.
Property Size5,800 SF
Days on Market214
Property Features for 2215 N Atlantic Ave
General Information
Standard status
Pending
Size
5,800 SF
Property subtype
Multifamily
Zoning
c
Occupancy
78%
Investment Type
Stabilized
Building Details
Year Renovated
2023
Stories
1
Units
6
Listing Agency:
Epique Realty
(386) 679-0888
Listed By:
Dino Dodani · License #FL SL3221388
Source:
Crexi
Added: Jan 27
Changed: Aug 14
Last Checked: Aug 28 at 12:39PM
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 Epique Realty
Investment Insights
Based on property information with market context.
Located in Daytona Beach, this 6-unit complex offers an investment opportunity with access to the shoreline. The property features a total of 12 bedrooms and 6 bathrooms, with each unit providing ocean views and modern comforts. Each unit is furnished with a modern kitchen, including a stove, microwave, refrigerator, toaster, coffee maker, dishes, utensils, cookware, linens, towels, and beach essentials. Onsite amenities include a shared outdoor pool with lounge chairs, BBQ grills, outdoor seating, and parking for up to 12 vehicles. The property is positioned as a turnkey investment with a track record of high occupancy and guest reviews. Each unit accommodates families, with living areas and a welcoming environment for pets. The property offers potential for long-term tenants seeking a permanent residence near the beach, with access to public transportation and proximity to shopping at Bellair Plaza. The property size is 5800 square feet.
Key Highlights
- Prime beachside location directly across from Daytona Beach, ensuring high occupancy rates.
- Turnkey investment with a proven track record of high occupancy and excellent guest reviews.
- Six units with a total of 12 bedrooms and 6 bathrooms, each offering stunning ocean views.
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
$44,196
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
3.16%
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%
$883,920
$883.9K
Cap Rate 7%
$631,371
$631.4K
Cap Rate 9%
$491,067
$491.1K
Market Conditions
NOI Build-Up for 5,800 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
$89.8K $15.48/SF
− Vacancy
−$9.4K −$1.63/SF
EGI
$80.4K $13.85/SF
− OpEx
−$36.2K −$6.23/SF
NOI
$44.2K $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%
$883,920
Cap Rate 7%
$631,371
Cap Rate 9%
$491,067
Alternative Uses
Best Use
Apartment 5plus
$631.4K
$552.5K – $736.6K
NOI $44,196 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,712 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
305
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?
Apartment building - Beachside 6-unit complex with ocean views in Daytona Beach.
Where is this apartment building located?
The property is located at 2215 N Atlantic Ave Daytona Beach, FL.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Prime beachside location directly across from Daytona Beach, ensuring high occupancy rates.; Turnkey investment with a proven track record of high occupancy and excellent guest reviews.; Six units with a total of 12 bedrooms and 6 bathrooms, each offering stunning ocean views.
