| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Poor |
| Demographics | 39th | Fair |
| Amenities | 44th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1225 S Beach St, Daytona Beach, FL, 32114, US |
| Region / Metro | Daytona Beach |
| Year of Construction | 1974 |
| Units | 24 |
| Transaction Date | 2013-08-29 |
| Transaction Price | $8,738,000 |
| Buyer | BAY APTS LLC |
| Seller | TZADIK EAGLE BAY LLC |
1225 S Beach St, Daytona Beach Multifamily Opportunity
Renter concentration is elevated in the neighborhood, supporting a deeper tenant base even as local occupancy trends run softer, according to CRE market data from WDSuite.
Situated in an Inner Suburb of Daytona Beach, the property benefits from a neighborhood that is competitive among Deltona-Daytona Beach-Ormond Beach neighborhoods (ranked 57 out of 159 for overall amenities). Grocery access is a relative strength with density in the top quartile nationally, while restaurants are also well represented for the metro. Limited cafés and pharmacies nearby suggest residents may rely on a broader trade area for daily services.
The neighborhood skews renter-occupied, with a high share of housing units renter-occupied compared to the metro (ranked 7 of 159, high national percentile). For investors, this indicates depth in the tenant pool and supports leasing velocity for workforce-oriented units. Neighborhood occupancy is below the metro median (ranked 138 of 159), so underwriting should account for competitive positioning and asset quality to sustain retention.
Within a 3-mile radius, recent population and household growth, alongside rising median incomes, point to a larger tenant base over the medium term, with projections indicating further increase by 2028. This growth profile supports demand for rental units and can help stabilize occupancy as supply and demand rebalance at the neighborhood level.
Median contract rents in the neighborhood sit around the middle of national comparisons, and home values are in a more accessible ownership range for Florida. In practice, that mix can sustain rental demand while keeping rent-to-income ratios in a manageable band for lease management and renewal strategies.
Comparable neighborhood crime metrics were not available in WDSuite for this location. Investors commonly benchmark safety by comparing city and metro trends, touring at different times of day, and aligning security measures with asset class and tenant profile to support retention.
- Symantec — software/security (35.6 miles)
Nearby employment options are more dispersed, with select corporate offices within commuting range that can contribute to renter demand among mobile professionals.
Built in 1974, the 24-unit property is slightly newer than the neighborhood’s average vintage, providing a competitive edge versus older stock while still warranting targeted capital planning for aging systems or value-add upgrades. Strong renter-occupied concentration supports a broader tenant base, and amenity access—especially grocery and restaurant density—adds to livability. According to CRE market data from WDSuite, neighborhood occupancy trends are softer than the metro median, so positioning on unit finishes, management, and pricing will be important for lease retention.
Within a 3-mile radius, population and household growth, along with rising incomes and projected increases through 2028, signal ongoing renter pool expansion. Mid-range neighborhood rents and a high-cost ownership context for many households reinforce the role of multifamily housing, supporting demand fundamentals over the long term.
- Renter base depth supports leasing and renewal potential
- Amenity access (groceries/restaurants) enhances livability and retention
- Slightly newer 1974 vintage allows targeted value-add to improve competitive positioning
- 3-mile growth outlook points to a larger tenant pool over the medium term
- Risk: neighborhood occupancy below metro median requires disciplined pricing and management