Updated Condo with Ocean
For Sale
$159,900
Pending
313 S ATLANTIC Ave 202/204, Daytona Beach, FL 32118
Nicely updated, fully furnished condo with ocean views and balconies.
Property Size691 SF
Lot Size1.67 Acres
Days on Market178
Property Features for 313 S ATLANTIC Ave 202/204
General Information
Standard status
Pending
Size
691 SF
Lot size
1.67 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$2,128
Building Details
Building Size
691 SF
Year Built
1973
Stories
6
Listed By:
Debbie Weller, PA
(386) 547-8586
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Jul 23 at 9:25AM
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 Debbie Weller, PA
Investment Insights
Based on property information with market context.
Located at Fountain Beach Resort, Unit 202/204 is a nicely updated, fully furnished 1-bedroom, 2-bath condo offering a flexible layout suitable for a vacation home, investment property, or weekend beach escape. The condo features ocean views from two private balconies, one accessible from the living room and the other from the bedroom. Its north-facing location provides a tranquil environment away from the pool area. The stylish galley kitchen includes new cabinetry, granite countertops, a full-size flat-top stove/oven, refrigerator, microwave, and a pantry. The spacious bedroom is furnished with a king-sized bed and an en-suite bathroom featuring a jetted garden tub. The second bathroom has a tiled tub/shower combo with a glass enclosure. The living area includes a sleeper sofa and loveseat. Fountain Beach Resort provides direct beach access, an oceanfront pool, an on-site restaurant with indoor/outdoor seating, the Oasis Tiki Bar, and a fitness room. Owners have the option to participate in the on-site rental program or self-manage on Airbnb, VRBO, etc., with nightly rentals permitted. The unit has not been rented and has only been used by family members. The property is situated in Daytona Beach, near the Boardwalk, Ocean Center, shopping, dining, and entertainment.
Key Highlights
- Direct beach access and oceanfront pool.
- Fully furnished, updated 1‑bedroom, 2‑bath condo with ocean views from two private balconies.
- Flexible rental options: on‑site program or self‑management (Airbnb, VRBO) with nightly rentals allowed.
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
$5,265
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
3.29%
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%
$105,300
$105.3K
Cap Rate 7%
$75,214
$75.2K
Cap Rate 9%
$58,500
$58.5K
Market Conditions
NOI Build-Up for 691 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
$10.7K $15.48/SF
− Vacancy
−$1.1K −$1.63/SF
EGI
$9.6K $13.85/SF
− OpEx
−$4.3K −$6.23/SF
NOI
$5.3K $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%
$105,300
Cap Rate 7%
$75,214
Cap Rate 9%
$58,500
Alternative Uses
Best Use
Apartment 5plus
$75.2K
$65.8K – $87.8K
NOI $5,265 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$203.7K
$178.3K – $237.7K
NOI $14,262 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
648
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 - Nicely updated, fully furnished condo with ocean views and balconies.
Where is this short term rental property located?
The property is located at 313 S ATLANTIC Ave 202/204 Daytona Beach, FL.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: Direct beach access and oceanfront pool.; Fully furnished, updated 1‑bedroom, 2‑bath condo with ocean views from two private balconies.; Flexible rental options: on‑site program or self‑management (Airbnb, VRBO) with nightly rentals allowed.
