Beachside 9-Unit
922 S Atlantic, Daytona Beach, FL 32118
For Sale
$1,350,000
Nine-unit multifamily property with ocean-view units, plus an adjoining commercially zoned parcel included in the sale.
Property Size5,517 SF
Price / SF$244.70
Days on Market107
Property Features for 922 S Atlantic
General Information
Standard status
Size
Additional Details
Multifamily Units
Building Details
Tenancy
Listing Agency:
Epique Realty Inc.
Listed By:
Dino Dodani · License #SL3221388
(386) 679-0888
Source:
Thepennteam
Added: Jul 24
Changed: Oct 25
Last Checked: Oct 7 at 4:08PM
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 Inc.
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Investment Insights
Based on property information with market context.
This 9-unit multifamily property offers ocean views from select units and is positioned directly across from the Atlantic Ocean. The sale includes an adjoining commercially zoned parcel, which provides additional land for parking and possible future development, expansion, or redevelopment, subject to buyer verification and municipal approvals.
The location is described as beachside, with easy beach access and nearby dining, shopping, and entertainment. The included public remarks also note walk and bike scores indicating a more car-dependent area, with some transit.
Buyers should verify all zoning, dimensions, allowable uses, and development potential prior to closing.
The location is described as beachside, with easy beach access and nearby dining, shopping, and entertainment. The included public remarks also note walk and bike scores indicating a more car-dependent area, with some transit.
Buyers should verify all zoning, dimensions, allowable uses, and development potential prior to closing.
Key Highlights
- 9‑unit multifamily property directly across from the Atlantic Ocean
- Ocean views available from select units
- Sale includes an adjoining commercially zoned parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,040
Cap Rate
3.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$840,800
$840.8K
Cap Rate 7%
$600,571
$600.6K
Cap Rate 9%
$467,111
$467.1K
Market Conditions
NOI Build-Up for 5,517 SF
Gross rent
$85.4K $15.48/SF
− Vacancy
−$9.0K −$1.63/SF
EGI
$76.4K $13.85/SF
− OpEx
−$34.4K −$6.23/SF
NOI
$42.0K $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%
$840,800
Cap Rate 7%
$600,571
Cap Rate 9%
$467,111
Alternative Uses
Best Use
Apartment 5plus
$600.6K
$525.5K – $700.7K
NOI $42,040 @ 7.0% cap · market cap 3.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.63M
$1.42M – $1.90M
NOI $113,871 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
9
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
502
Businesses Nearby
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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
$339,500
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Daytona Beach, FL
Properties on Market for Apartment buildings in Daytona Beach
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Nine-unit multifamily property with ocean-view units, plus an adjoining commercially zoned parcel included in the sale.
Where is this apartment building located?
The property is located at 922 S Atlantic Daytona Beach, FL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 9‑unit multifamily property directly across from the Atlantic Ocean; Ocean views available from select units; Sale includes an adjoining commercially zoned parcel
