| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Poor |
| Demographics | 39th | Fair |
| Amenities | 44th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1025 S Beach St, Daytona Beach, FL, 32114, US |
| Region / Metro | Daytona Beach |
| Year of Construction | 2002 |
| Units | 24 |
| Transaction Date | 2002-06-17 |
| Transaction Price | $1,400,000 |
| Buyer | DOMESTIC ABUSE COUNCIL VOLUSIA CTY INC |
| Seller | HOLIDAY CARE CNTR INC |
1025 S Beach St Daytona Beach Multifamily Investment
Neighborhood data points to a high renter-occupied share supporting a deeper tenant base, according to WDSuite’s CRE market data. Vacancy can vary by block, so investors should focus on positioning a 2002-vintage asset for steady absorption and retention.
Daytona Beach’s inner-suburb setting offers daily-life convenience that supports multifamily leasing. Grocery access is a clear strength: the neighborhood ranks 8th out of 159 metro neighborhoods and sits in the top quartile nationally, while restaurant density ranks 22nd of 159 — also top quartile nationwide — according to WDSuite’s CRE market data. Broader amenity mix is competitive among Deltona–Daytona Beach–Ormond Beach neighborhoods (57th of 159), though on-the-ground retail variety can change within short distances.
The property’s 2002 construction is newer than the neighborhood’s average vintage (1970), which can help it compete against older stock. Investors should still plan for mid-life systems, common-area upgrades, and selective unit refreshes to sustain leasing velocity and limit downtime.
Tenure patterns in the immediate neighborhood indicate a high share of renter-occupied housing units (ranked 7th of 159; high national percentile), which supports a larger tenant pool and can stabilize demand for a 24-unit community. By contrast, the neighborhood’s occupancy level is below the metro median (ranked 138th of 159; low national percentile). This suggests careful leasing management and targeted renovations may be important to reduce turnover risk and support consistent occupancy at the property level.
Within a 3-mile radius, WDSuite’s data indicates population growth alongside an increase in households, with forecasts pointing to further renter pool expansion and smaller average household sizes over the next five years. Rising household incomes and forecast rent gains in the radius point to strengthening renter purchasing power, while the ownership market’s value-to-income metrics imply some households will continue to rely on multifamily rentals, supporting pricing power if units are maintained competitively.
Standardized neighborhood-level safety rankings are not available for this location in WDSuite at this time. Investors commonly benchmark trends at the city and metro levels and supplement with third-party reports and local comps to assess comparative safety and potential impacts on leasing and retention.
The broader employment base includes regional corporate offices that contribute to commuter demand. Notable nearby example is listed below, which can support leasing from workers with longer but direct commutes.
- Symantec — software (35.6 miles)
This 24-unit property benefits from a tenant-rich location and a vintage that outpaces much of the neighborhood stock. A high share of renter-occupied housing units in the neighborhood underpins depth of demand, while grocery and restaurant access rank competitively across the metro and nationally. According to CRE market data from WDSuite, neighborhood occupancy is below the metro median, so returns are likely to hinge on active leasing, value-focused unit upgrades, and retention strategies rather than market momentum alone.
The 2002 construction gives a relative edge versus older nearby assets, yet investors should budget for mid-life CapEx to sustain competitiveness. Within a 3-mile radius, forecasts indicate population growth and notable household gains with smaller average household sizes — factors that can expand the renter pool and support occupancy stability. Ownership costs appear manageable in context, which may create some competition from entry-level buying, so positioning on finishes and rents will be important to maintain pricing power.
- Newer 2002 vintage versus older neighborhood stock supports competitive positioning
- High renter-occupied share signals depth of tenant base for steady leasing
- Strong daily needs access (top-quartile grocery and dining) aids retention
- 3-mile radius outlook shows population and household growth expanding renter pool
- Risk: below-metro neighborhood occupancy requires hands-on leasing and targeted upgrades