| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Best |
| Demographics | 42nd | Fair |
| Amenities | 64th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 100 Powell Blvd, Daytona Beach, FL, 32114, US |
| Region / Metro | Daytona Beach |
| Year of Construction | 1989 |
| Units | 20 |
| Transaction Date | 2000-02-25 |
| Transaction Price | $11,786,000 |
| Buyer | INDIGO DEKALB TIC LLC |
| Seller | INDIGO PLANTATION PARTNERS LTD |
100 Powell Blvd Daytona Beach Multifamily Investment
Positioned in an inner-suburb pocket of Daytona Beach with steady renter demand and near-median neighborhood occupancy, this 20-unit asset offers durable cash flow potential according to WDSuite’s CRE market data.
Located in an inner-suburb area rated A and ranked in the top quartile among 159 Deltona–Daytona Beach–Ormond Beach metro neighborhoods, the property benefits from solid fundamentals that support leasing stability. Neighborhood occupancy is near the metro median, while a high share of renter-occupied housing indicates a deep tenant pool for multifamily operators.
Daily needs are convenient: restaurants, cafes, groceries, and pharmacies index above national medians, helping with resident retention and lease-up. Park access is limited within the neighborhood, which places a premium on on-site amenities and nearby private recreation options to sustain appeal.
Within a 3-mile radius, demographics point to renter pool expansion, with recent growth in population and households and projections showing further increases by 2028. Median household incomes have risen meaningfully, and forecast rent levels are expected to trend higher, reinforcing the case for professional revenue management. In this context, elevated value-to-income ratios and a high-cost ownership market for the area translate into more households relying on rentals—an investor-positive dynamic for pricing power and occupancy, per commercial real estate analysis from WDSuite.
Vintage matters for competitive positioning. Built in 1989—slightly older than the neighborhood’s average vintage—this asset can benefit from targeted capital improvements and value-add upgrades to stay competitive against newer stock, while still leveraging strong local renter concentration.
Safety metrics present a mixed but manageable picture. Relative to the metro, the neighborhood sits in a less favorable tier; however, several indicators land above national averages, and property offenses have declined year over year. This combination suggests investors should underwrite prudent security and operational measures while recognizing that broader trend lines are improving, based on CRE market data from WDSuite.
Regional employers contribute to commuter demand that can support workforce housing and retention. The list below highlights a nearby corporate office relevant to the renter base.
- Symantec — software/security (33.3 miles)
The investment case centers on durable renter demand, near-median neighborhood occupancy, and an A-rated location that ranks in the top quartile among 159 metro neighborhoods. A high concentration of renter-occupied units supports a broad tenant base, while elevated ownership costs in the area help sustain reliance on multifamily housing. Built in 1989, the property offers potential renovation and value-add upside to sharpen competitive positioning versus slightly newer stock.
Within a 3-mile radius, population and household counts have grown and are projected to increase further, pointing to a larger renter base and support for occupancy and rent growth. According to CRE market data from WDSuite, neighborhood rents and amenities compare favorably at the local level, though investors should account for affordability pressure (higher rent-to-income ratios), school quality considerations, and standard security planning in underwriting.
- A-rated, top-quartile neighborhood among 159 metro areas supports leasing stability
- High renter-occupied share indicates depth of tenant demand for multifamily
- 1989 vintage presents targeted value-add and modernization potential
- 3-mile radius growth and rising incomes support rent and occupancy management
- Risks: affordability pressure, below-average school ratings, and prudent safety planning