| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Fair |
| Demographics | 51st | Fair |
| Amenities | 12th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1825 N Atlantic Ave, Daytona Beach, FL, 32118, US |
| Region / Metro | Daytona Beach |
| Year of Construction | 1972 |
| Units | 30 |
| Transaction Date | 2023-06-10 |
| Transaction Price | $5,120,000 |
| Buyer | DAYTONA OCEAN VIEW APARTMENTS LLC |
| Seller | 1805 OCEAN VIEW LLC |
1825 N Atlantic Ave Daytona Beach Multifamily Value-Add
Stable renter demand and an older 1972 vintage position this 30-unit asset for operational improvements and selective renovations, according to WDSuite’s CRE market data. Neighborhood fundamentals point to sustained renter reliance on apartments, with ownership costs relatively elevated versus local incomes.
The property sits in a suburban pocket of Daytona Beach where neighborhood-level amenities are mixed: restaurant density ranks competitive among 159 metro neighborhoods, while everyday services like groceries, parks, and pharmacies are comparatively sparse. For investors, this suggests marketing that emphasizes convenience corridors and transportation access to fill amenity gaps rather than relying solely on immediate walkability.
The neighborhood’s occupancy trend is well below the metro median and weak nationally, which warrants conservative underwriting for lease-up pace and seasonality. By contrast, demographics aggregated within a 3-mile radius show population and household growth over the past five years, with projections through 2028 indicating further renter pool expansion and slightly smaller household sizes—both supportive of long-run multifamily demand and occupancy stability.
Home values in the neighborhood are elevated relative to local incomes (top-quartile value-to-income nationally), which tends to reinforce renter reliance on multifamily housing and can aid pricing power and lease retention. At the same time, rent levels benchmarked to income remain manageable, supporting renewal strategies rather than frequent turnover.
The area’s average construction year skews to the early 1970s, and this 1972 asset is slightly older than neighborhood norms. That positioning points to clear value-add pathways—unit interiors, common areas, and building systems—while planning for capital expenditures to keep the asset competitive against newer stock.
Schools rate below national averages and neighborhood quality is assessed around the lower tier of the metro, factors that may slow family-driven demand but are less determinative for smaller-unit configurations. Investors should target renter profiles aligned with unit sizes and emphasize access to employment and services over school-driven decisions.
Comparable neighborhood crime rankings are not reported in the current WDSuite dataset for this specific area. Without that metric, investors should contextualize safety using broader city and county trends and focus on property-level measures (lighting, access control, and visibility) that support tenant retention. Where possible, compare against nearby Daytona Beach neighborhoods to gauge whether conditions are above or below metro norms rather than relying on block-level assumptions.
Regional employment access is diversified across greater Volusia and adjacent metros, supporting commuter demand; representative employers within driving range include the following example.
- Symantec — cybersecurity software (38.7 miles)
This 1972, 30-unit Daytona Beach property offers a straightforward value-add thesis in a neighborhood where renter reliance on apartments is reinforced by elevated ownership costs versus incomes. According to CRE market data from WDSuite, neighborhood occupancy trends trail metro norms, so performance hinges on disciplined operations—yet the 3-mile radius shows growing households and projected renter pool expansion through 2028, which supports long-run demand and retention. Restaurant access is competitive locally, while limited grocery and park options suggest positioning the asset around convenience corridors and transportation.
Older vintage relative to neighborhood averages points to clear renovation and systems-upgrade pathways that can improve competitiveness, especially given manageable rent-to-income dynamics that can support renewals. School ratings are below average, so marketing should prioritize workforce renters and smaller-household profiles aligned with the asset’s average unit size.
- Value-add potential: 1972 vintage with room for interior, common-area, and systems upgrades.
- Demand drivers: 3-mile population and household growth, with forecasts indicating continued renter pool expansion.
- Pricing power support: elevated ownership costs relative to incomes encourage sustained apartment demand and renewals.
- Operational focus: neighborhood occupancy lags metro norms—emphasize leasing execution, renewals, and expense control.
- Considerations: below-average school ratings and limited nearby services require targeted marketing and amenity strategy.