Freestanding Restaurant and
For Sale
$2,300,000
1368 Ocean Shore Boulevard, Ormond Beach, FL 32176
Commercial Sale, Ormond Beach, FL
Property Size4,488 SF
Lot Size0.61 Acres
Price / SF$512.48
Days on Market48
Property Features for 1368 Ocean Shore Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 1, Bathroom 3
Parking features
Parking Lot, Off Street
Security features
Security System
Accessibility
Accessible Approach with Ramp
Subdivision
Oakdale
Lot features
Cleared, Corner Lot, Irregular Lot
Directions
From E Granada Blvd & A1A go North past Publix Shopping Center to Sports Bar on Left side of A1A.
Standard status
Active
APN
323411020140
Size
4,488 SF
Lot size
0.61 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
N 150 FT S OF PALM DR OF E 180 FT W OF OS BLVD OF LOT 2 RESUB NO 2 OAKDALE PARK MB 7 PG 101 PER OR 4309 PGS 4835-4836 PER OR 6547 PG 1365 PER OR 7027 PG 4611 PER OR 8503 PG 1938
Tax Annual Amount
12712
Legal Description
N 150 FT S OF PALM DR OF E 180 FT W OF OS BLVD OF LOT 2 RESUB NO 2 OAKDALE PARK MB 7 PG 101 PER OR 4309 PGS 4835-4836 PER OR 6547 PG 1365 PER OR 7027 PG 4611 PER OR 8503 PG 1938
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Ceiling Fan(s), Separate Meters, Zoned, Central Air, Electric
Water source
Public
Amenities
walk-in cooler
walk-in freezer
beer cooler
ADA restrooms
TVs
pool tables
games
Building Details
Year built
1957
Floors in Building
1
Number of units
1
Flooring type
Concrete, Tile
Building materials
Block, Concrete, Stucco
Roof type
Tar/Gravel, Metal
Listing Agency:
Lubansky & White Realty
(386) 756-6866
Listed By:
Herb Lubansky · License #BK-53585
(386) 212-1598
Added: Jul 20
Changed: Aug 24
Last Checked: Sep 5 at 3:06PM
MLS# 1228858
Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding restaurant and bar includes the operating business, real estate, furnishings, fixtures, equipment, and a full beverage liquor license. The 4,488-square-foot building sits on 0.61 acres and has been extensively renovated for food and beverage service. Improvements include an all-electric commercial kitchen with 3-phase service, walk-in cooler and freezer storage, a large beer cooler, three ADA restrooms, indoor and outdoor seating, televisions, pool tables, and games.
The property is located at 1368 Ocean Shore Boulevard in Ormond Beach, directly across from the Atlantic Ocean. Paved on-site parking is included, along with an accessible approach and ramp. Structural work has been completed to support a potential future second-floor ocean-view deck. The building was constructed in 1957 and features block, concrete, and stucco construction, with public water and public sewer service.
The property is located at 1368 Ocean Shore Boulevard in Ormond Beach, directly across from the Atlantic Ocean. Paved on-site parking is included, along with an accessible approach and ramp. Structural work has been completed to support a potential future second-floor ocean-view deck. The building was constructed in 1957 and features block, concrete, and stucco construction, with public water and public sewer service.
Key Highlights
- 4,488‑square‑foot freestanding restaurant and bar on 0.61 acres
- Operating business, real estate, FF&E, paved parking, and full beverage liquor license included
- All‑electric commercial kitchen with 3‑phase service
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$68,152
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,363,040
$1.4M
Cap Rate 7%
$973,600
$973.6K
Cap Rate 9%
$757,244
$757.2K
Market Conditions
NOI Build-Up for 4,488 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$98.6K $21.96/SF
− Vacancy
−$7.7K −$1.71/SF
EGI
$90.9K $20.25/SF
− OpEx
−$22.7K −$5.06/SF
NOI
$68.2K $15.19/SF
Area
Volusia County, FL
Vacancy
7.80%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,363,040
Cap Rate 7%
$973,600
Cap Rate 9%
$757,244
Alternative Uses
Best Use
Specialty Retail
$973.6K
$851.9K – $1.14M
NOI $68,152 @ 7.0% cap · market cap 2.96%
Second Best
Industrial
$381.7K
$334.0K – $445.3K
NOI $26,719 @ 7.0% cap · market cap 1.16%
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,632 @ 7.0% cap · market cap 4.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
387
Businesses Nearby
57k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 42%
Groceries 37%
Apparel 11%
Dining 10%
Publix
Groceries
19,399 visits/mo
0.3 miles
Mobil
Shops & Services
8,190 visits/mo
0.4 miles
Bealls
Apparel
6,405 visits/mo
0.3 miles
Dollar General
Shops & Services
5,156 visits/mo
0.3 miles
Dunkin' Donuts
Dining
5,101 visits/mo
0.4 miles
Demographics for 32176, FL
14,410
Population
10,329
Households
1.4
Avg Household Size
59
Median Age
38%
College-Educated
95%
High-School Grad
5.7 sq mi
ZIP Area
2,528
Density / Sq Mi
$72,248
Median Household Income
$39,529
Median Earnings
$1,436
Median Rent
$368,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Operating restaurant and bar with indoor and outdoor seating, commercial kitchen, beverage liquor license, and on-site parking.
Where is this conventional restaurant located?
The property is located at 1368 Ocean Shore Boulevard Ormond Beach, FL.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 4,488‑square‑foot freestanding restaurant and bar on 0.61 acres; Operating business, real estate, FF&E, paved parking, and full beverage liquor license included; All‑electric commercial kitchen with 3‑phase service
