Oceanfront Efficiency
3501 S Atlantic Ave #417, Daytona Beach Shores, FL 32118
For Sale
New
$100,000
No minimum rental-stay requirement is stated, subject to applicable regulations.
Property Size385 SF
Price / SF$259.74
Days on Market2
Property Features for 3501 S Atlantic Ave #417
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
Tw Realty, LLC
Listed By:
Kevin Kling · License FL #3046851
(386) 999-4006
Source:
386realestate
Added: Nov 12
Last Checked: Nov 12 at 2:30PM
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 Tw Realty, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 385-square-foot efficiency residence occupies the fourth floor and includes a kitchen and private balcony. The property was built in 1973 and sits on the Atlantic shoreline in Daytona Beach Shores.
Rental stays have no stated minimum duration, subject to applicable regulations. The balcony faces the ocean.
Rental stays have no stated minimum duration, subject to applicable regulations. The balcony faces the ocean.
Key Highlights
- Fourth‑floor efficiency residence with 385 square feet
- Private balcony facing the Atlantic Ocean
- No minimum rental‑stay requirement stated, subject to applicable regulations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,934
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$58,680
$58.7K
Cap Rate 7%
$41,914
$41.9K
Cap Rate 9%
$32,600
$32.6K
Market Conditions
NOI Build-Up for 385 SF
Gross rent
$6.0K $15.48/SF
− Vacancy
−$626 −$1.63/SF
EGI
$5.3K $13.85/SF
− OpEx
−$2.4K −$6.23/SF
NOI
$2.9K $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%
$58,680
Cap Rate 7%
$41,914
Cap Rate 9%
$32,600
Alternative Uses
Best Use
Apartment 5plus
$41.9K
$36.7K – $48.9K
NOI $2,934 @ 7.0% cap · market cap 2.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$113.5K
$99.3K – $132.4K
NOI $7,946 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
588
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
$339,500
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Volusia County, FL
Properties on Market for Residential income properties in Volusia County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Residential income property - No minimum rental-stay requirement is stated, subject to applicable regulations.
Where is this residential income property located?
The property is located at 3501 S Atlantic Ave #417 Daytona Beach Shores, FL.
What is the asking price?
The asking price for this property is $100,000.
What are key features of this property?
This property features: Fourth‑floor efficiency residence with 385 square feet; Private balcony facing the Atlantic Ocean; No minimum rental‑stay requirement stated, subject to applicable regulations
