Oceanfront Studio Condo with
For Sale
$155,000
935 S ATLANTIC AVENUE #112, Daytona Beach, FL 32118
Updated, furnished oceanfront condo with private patio and resort amenities.
Property Size634 SF
Price / SF$244.48
Days on Market116
Property Features for 935 S ATLANTIC AVENUE #112
General Information
Standard status
Active
Size
634 SF
Property subtype
Condominium
Amenities
3.27 acres
Public Sewer
Additional parcels description:, Parcel Number: 5309-52-00-1120, Public Survey Range: 33, Public Survey Section: 09, Annual Amount: $1,828, Tax Book Number: 4148-1742, Legal Description: UNIT 112 OCEAN JEWELS CLUB CONDO PER OR 4148 PG 1742 PER OR 5190 PG 0572 PER OR 5190 PG 0573 PER OR 6131 PGS 1025-1026 PER OR 7991 PG 1106 PER OR 8184 PG 2839, Lot: 1120, Year: 2025, Zoning: RESI
Tile
Wall/Window Unit(s)
Electric, Ductless
Laundry Room
Listing ID: MFRFC320605, Standard Status: Active, MLS Status: Active, Property Subtype: Condominium, On market as of 2026-08-14, 9 days on market, Special Conditions: None
1 total bedroom
Built in 1952, Living area: 634, Living area units: Square Feet, Building faces North, 2 stories, Levels: One, Construction Materials: Block
Subdivision: OCEAN JEWELS CLUB CONDO, MLS Area (Major): 32118 - Daytona Beach/Holly Hill, County/Parish: Volusia
Completed, Water, Beach, Gulf/Ocean - Full
2 total bathrooms, 2 full bathrooms
Clubhouse
Cable Available, Cable Connected, Electricity Available, Electricity Connected, Public, Sewer Available, Sewer Connected, Water Available, Water Connected, Water Source: Public
Block
Allowed: Breed Restrictions, Cats OK, Dogs OK, Number Limit, Size Limit
Water Body Name: ATLANTIC OCEAN
Road Surface: Asphalt
Patio/Porch Features: Covered, Rear Porch
Ceiling Fans(s)
Cooktop, Microwave, Refrigerator
Association Fee: $989.55, Fee Frequency: Monthly
Building Details
Year Built
1952
Listing Agency:
ADAMS, CAMERON & CO., REALTORS
(386) 445-5595
Listed By:
Kristin Petersen · License #0583049
(386) 453-6930
Source:
Miharaandassociates
Added: May 15
Changed: Sep 6
Last Checked: Sep 7 at 7:02AM
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 ADAMS, CAMERON & CO., REALTORS
Investment Insights
Based on property information with market context.
This updated, direct oceanfront ground-floor studio condominium at Ocean Jewels Club offers a coastal lifestyle. It can be used as a short-term rental or a primary residence. The fully furnished unit features an oversized private patio overlooking the pool deck and Atlantic coastline, providing indoor-outdoor living just steps from the sand. The interior includes a functional kitchenette with granite countertops and modern wood cabinetry. A large mirrored wall enhances the natural light and spacious feel of the living area. The bathroom features custom tile work and a glass-enclosed walk-in shower with stained-glass accents. The beachfront community offers two pools, sun deck areas, beach access, a fitness center, laundry facilities, and a barbecue area. The complex is close to the Daytona Lagoon Water Park, Main Street Pier & Boardwalk, Ocean Center, shopping, restaurants, and entertainment. This furnished condo offers an updated interior, resort-style amenities, and an oceanfront setting. The bike score is 46, indicating it is somewhat bikeable. The walk score is 50, meaning it is car-dependent, and the transit score is 28, indicating some transit options are available.
Key Highlights
- Direct oceanfront, ground‑floor studio with oversized private patio.
- Fully furnished and completely updated interior**.
- Short‑term rentals allowed; can be primary residence.
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
$4,831
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
3.12%
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%
$96,620
$96.6K
Cap Rate 7%
$69,014
$69.0K
Cap Rate 9%
$53,678
$53.7K
Market Conditions
NOI Build-Up for 634 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
$9.8K $15.48/SF
− Vacancy
−$1.0K −$1.63/SF
EGI
$8.8K $13.85/SF
− OpEx
−$4.0K −$6.23/SF
NOI
$4.8K $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%
$96,620
Cap Rate 7%
$69,014
Cap Rate 9%
$53,678
Alternative Uses
Best Use
Apartment 5plus
$69.0K
$60.4K – $80.5K
NOI $4,831 @ 7.0% cap · market cap 3.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$186.9K
$163.6K – $218.1K
NOI $13,086 @ 7.0% cap · market cap 8.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
422
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, furnished oceanfront condo with private patio and resort amenities.
Where is this short term rental property located?
The property is located at 935 S ATLANTIC AVENUE #112 Daytona Beach, FL.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: Direct oceanfront, ground‑floor studio with **oversized private patio**.; Fully furnished and completely updated interior**.; Short‑term rentals allowed; can be primary residence.
