T-2 Zoned Apartment
For Sale
Contact for pricing
735 N Atlantic Ave, Daytona Beach, FL 32118
Daytona Beach multifamily property with 1954 construction and T-2 zoning.
Property Size24,834 SF
Price / SF$108.72
Days on Market263
Property Features for 735 N Atlantic Ave
General Information
Standard status
Active
Size
24,834 SF
Property subtype
Hospitality
Zoning
t
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$242,000
Building Details
Year Built
1954
Year Renovated
2023
Buildings
2
Stories
1
Listing Agency:
Epique Realty- Tampa
Listed By:
Dino Dodani · License #FL SL3221388
(386) 679-0888
Source:
Crexi
Added: Jan 27
Changed: Oct 14
Last Checked: Oct 16 at 8:33AM
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- Tampa
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Investment Insights
Based on property information with market context.
This apartment building in Daytona Beach contains 8,535 SF and dates to 1954. The property is classified under T-2 zoning, providing a defined land-use framework for the asset. The available information identifies the building as a multifamily property while presenting differing unit-count descriptions, so no unit total is stated here.
The property is situated along N Atlantic Ave in Daytona Beach, with access to major transportation routes and proximity to dining and entertainment options. Nearby destinations identified in the property information include Daytona International Speedway and the Ocean Center, a venue for business events and conferences.
The property is situated along N Atlantic Ave in Daytona Beach, with access to major transportation routes and proximity to dining and entertainment options. Nearby destinations identified in the property information include Daytona International Speedway and the Ocean Center, a venue for business events and conferences.
Key Highlights
- 8,535 SF apartment building
- Built in 1954
- T‑2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$189,236
Cap Rate
7.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,784,720
$3.8M
Cap Rate 7%
$2,703,371
$2.7M
Cap Rate 9%
$2,102,622
$2.1M
Market Conditions
NOI Build-Up for 24,834 SF
Gross rent
$384.4K $15.48/SF
− Vacancy
−$40.4K −$1.63/SF
EGI
$344.1K $13.85/SF
− OpEx
−$154.8K −$6.23/SF
NOI
$189.2K $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 Rate 5%
$3,784,720
Cap Rate 7%
$2,703,371
Cap Rate 9%
$2,102,622
Alternative Uses
Best Use
Apartment 5plus
$2.70M
$2.37M – $3.15M
NOI $189,236 @ 7.0% cap · market cap 7.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.32M
$6.41M – $8.54M
NOI $512,574 @ 7.0% cap · market cap 18.98%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
890
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Daytona Beach multifamily property with 1954 construction and T-2 zoning.
Where is this apartment building located?
The property is located at 735 N Atlantic Ave Daytona Beach, FL.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 8,535 SF apartment building; Built in 1954; T‑2 zoning
