Oceanfront Furnished Rental
For Sale
$155,000
935 S ATLANTIC AVENUE #112, Daytona Beach, FL 32118
Furnished one-bedroom condo with two full bathrooms and short-term rental eligibility, subject to applicable rules.
Property Size634 SF
Price / SF$244.48
Days on Market18
Property Features for 935 S ATLANTIC AVENUE #112
General Information
Standard status
Active
Size
634 SF
Property subtype
Condominium
Building Details
Year Built
1952
Listing Agency:
ADAMS, CAMERON & CO., REALTORS
(386) 445-5595
Listed By:
Kristin Petersen · License #0583049
Source:
Endlesssummerrealty
Added: Aug 14
Changed: Aug 28
Last Checked: Aug 30 at 5:45PM
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.
Located within Ocean Jewels, this 634 SF condominium includes 1 bedroom, 2 full bathrooms, and an open living and dining area. The unit is furnished and includes a kitchenette with cabinet storage, while the living room sofa converts to a queen-size sleeper. Built in 1952, the property is positioned on the oceanfront and includes private beach access.
Amenities include a new oceanfront pool with an expansive deck, additional swimming pools, a fitness center, game room, meeting and social room, BBQ grilling areas, and on-site laundry. Shops are directly across S Atlantic Avenue, and the Adams Egg restaurant is located on-site. The condo is at 935 S Atlantic Avenue in Daytona Beach, a few blocks from Sun Splash Park and nearby coastal attractions. Short-term rentals, long-term occupancy, personal use, and homestead use are identified as options, subject to applicable rules and eligibility.
Amenities include a new oceanfront pool with an expansive deck, additional swimming pools, a fitness center, game room, meeting and social room, BBQ grilling areas, and on-site laundry. Shops are directly across S Atlantic Avenue, and the Adams Egg restaurant is located on-site. The condo is at 935 S Atlantic Avenue in Daytona Beach, a few blocks from Sun Splash Park and nearby coastal attractions. Short-term rentals, long-term occupancy, personal use, and homestead use are identified as options, subject to applicable rules and eligibility.
Key Highlights
- Oceanfront 634 SF condo at 935 S ATLANTIC AVENUE #112, DAYTONA BEACH, FL 32118
- 1‑bedroom, 2‑bath furnished unit with queen‑size sleeper sofa
- Short‑term rentals welcome, subject to applicable rules and eligibility
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 - Furnished one-bedroom condo with two full bathrooms and short-term rental eligibility, subject to applicable rules.
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: Oceanfront 634 SF condo at 935 S ATLANTIC AVENUE #112, DAYTONA BEACH, FL 32118; 1‑bedroom, 2‑bath furnished unit with queen‑size sleeper sofa; Short‑term rentals welcome, subject to applicable rules and eligibility
