Hawaiian Inn Resort Two-Bedroom
For Sale
$139,000
Pending
2301 S ATLANTIC Ave 431, Daytona Beach, FL 32118
Updated two-bedroom condo with short-term rental potential near the beach.
Property Size733 SF
Days on Market89
Property Features for 2301 S ATLANTIC Ave 431
General Information
Standard status
Pending
Size
733 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$1,698
Building Details
Building Size
733 SF
Year Built
1965
Stories
1
Listing Agency:
(850) 774-5263
Listed By:
Amanda Manning
(850) 774-5263
Source:
Elliman
Added: May 21
Changed: Aug 8
Last Checked: Jul 29 at 10:50AM
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 Amanda Manning
Investment Insights
Based on property information with market context.
This is a rare 2-bedroom unit located at the Hawaiian Inn Beach Resort. Unit #431 is one of only four 2-bedroom condos in the building. The interior has been updated and offers short-term rental potential, with direct beach access. Interior features include stainless steel appliances, new flooring, an updated bathroom, modern finishes, and a spacious layout. Resort amenities include a beachfront pool, tiki bar & grill, and onsite conveniences. The property is conveniently located near shopping, dining, entertainment, and local attractions. The bike score is 46, indicating it is somewhat bikeable. The walk score is 50, indicating it is car-dependent, and the transit score is 28, indicating some transit options are available. This property presents an opportunity for personal use, a vacation getaway, or as an investment property.
Key Highlights
- Rare 2‑bedroom unit, one of only four in the building
- Excellent short‑term rental potential
- Direct beach access
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
$5,585
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
4.02%
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%
$111,700
$111.7K
Cap Rate 7%
$79,786
$79.8K
Cap Rate 9%
$62,056
$62.1K
Market Conditions
NOI Build-Up for 733 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
$11.3K $15.48/SF
− Vacancy
−$1.2K −$1.63/SF
EGI
$10.2K $13.85/SF
− OpEx
−$4.6K −$6.23/SF
NOI
$5.6K $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 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%
$111,700
Cap Rate 7%
$79,786
Cap Rate 9%
$62,056
Alternative Uses
Best Use
Apartment 5plus
$79.8K
$69.8K – $93.1K
NOI $5,585 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$216.1K
$189.1K – $252.2K
NOI $15,129 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
276
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 two-bedroom condo with short-term rental potential near the beach.
Where is this short term rental property located?
The property is located at 2301 S ATLANTIC Ave 431 Daytona Beach, FL.
What is the asking price?
The asking price for this property is $139,000.
What are key features of this property?
This property features: Rare 2‑bedroom unit, one of only four in the building; Excellent short‑term rental potential; Direct beach access
