| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Fair |
| Demographics | 48th | Fair |
| Amenities | 60th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 600 Jimmy Ann Dr, Daytona Beach, FL, 32114, US |
| Region / Metro | Daytona Beach |
| Year of Construction | 1987 |
| Units | 20 |
| Transaction Date | 2001-04-24 |
| Transaction Price | $11,640,000 |
| Buyer | LJC LAKE FOREST AND JADE PARK LLC |
| Seller | AGAPE LAKE FOREST INC |
600 Jimmy Ann Dr, Daytona Beach Multifamily Investment
Renter demand is supported by a high concentration of renter-occupied units in the surrounding neighborhood, according to WDSuite’s CRE market data. Amenity density nearby helps leasing visibility, while investors should underwrite to neighborhood-level occupancy that trails stronger parts of the metro.
The property sits in an Inner Suburb pocket of Daytona Beach that is competitive among Deltona–Daytona Beach–Ormond Beach neighborhoods (ranked 54 out of 159). Dining and daily-needs access are a relative strength: restaurants and cafes are dense for the metro (both ranked within the top decile locally), and grocery and pharmacy counts are also strong, which can aid resident retention and day-to-day convenience.
Neighborhood occupancy is measured for the neighborhood and not the property; the area’s occupancy ranks in the lower half locally and in the lower quartile nationally, so pro formas should assume leasing that relies on price-to-product positioning. Counterbalancing this, the share of housing units that are renter-occupied is among the highest in the metro (ranked 4 out of 159; top percentile nationally), indicating a deep tenant base for small-unit product.
Within a 3-mile radius, population and household counts have grown and are projected to continue expanding through 2028, pointing to a larger tenant base and supporting occupancy stability. Median household incomes in the 3-mile area have risen meaningfully and are forecast to advance further, which can support rent growth where product quality justifies it.
Home values in the neighborhood benchmark below national norms, suggesting a more accessible ownership market relative to high-cost metros. For investors, that means some competition from entry-level ownership, but the elevated renter concentration and strong amenity access can sustain multifamily demand. Parks and formal childcare options are limited in the immediate neighborhood, which may matter for family-oriented leasing strategies.
Comparable crime rankings are not available from WDSuite for this neighborhood, so no precise safety placement versus the metro or nation is provided here. Investors typically benchmark property- and neighborhood-level safety using multiple sources and trends over time, and should align underwriting and operations with current local data.
This 20-unit asset offers exposure to a renter-heavy neighborhood with solid amenity access and a deep tenant pool for smaller apartments. Neighborhood-level occupancy trends trail stronger submarkets, but, according to CRE market data from WDSuite, the area’s high renter-occupied share and 3-mile radius population and household growth point to durable demand, particularly for value-oriented units.
Built in 1987, the property may benefit from targeted modernization and system updates to enhance competitiveness and support rent lifts, especially as incomes in the 3-mile area advance. Ownership costs locally are relatively accessible versus high-cost markets, which can create some competition with entry-level ownership; thoughtful pricing and leasing management can mitigate retention risk.
- Renter-heavy neighborhood supports a deep tenant base for small-unit product
- Strong restaurant, cafe, grocery, and pharmacy access aids leasing and retention
- 3-mile radius growth in population and households expands the renter pool
- 1987 vintage offers value-add potential through selective renovations and system upgrades
- Risk: neighborhood occupancy ranks below metro median; accessible ownership can compete, requiring careful pricing and lease management