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    1368 Ocean Shore Boulevard Ormond Beach, FL 32176

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    Claim this Listing
    For Sale
    $2,300,000

    COMMERCIAL - Ormond Beach, FL

    Property size:
    4,488 SF
    Lot size:
    0.61 Acres
    Added:
    Jul 8, 2025
    Days on Market:
    286
    Last Refresh:
    Apr 19 at 2:06 am

    Property Features for 1368 Ocean Shore Boulevard

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 3, Bathroom 2
    Parking features
    Parking Lot, Off Street
    Security features
    Security System
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    3234-11-02-0140
    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
    12690

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Separate Meters, Central Air, Ceiling Fan(s), Zoned
    Water source
    Public

    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

    We can help!

    Listing Contact
    Herb Lubansky
    Herb Lubansky

    Listing agent Herb Lubansky License #0053585

    Listing office Lubansky & White Realty 2445 S Ridgewood Ave, Port Orange, FL

    Listing date Jul 8, 2025

    MLS# 1215498

    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.

    Overview

    Ormond Beach Sports Bar & Grill

    This commercial property in Ormond Beach, Florida, features a high-end sports bar and grill. The property includes pool tables, games, TVs for sports viewing, a full liquor bar, and a kitchen. The building has 4,488 square feet of space on a 0.61-acre lot. Initial structural beams have been added for the future installation of an ocean view deck over the bar area. The owner is selling the sports bar and property as a turn-key package.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Seadrift sports bar ... Restaurant

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • beach + vine — 1458 Ocean Shore Blvd, Ormond Beach, FL 32176
    • Seaside Tavern — 1350 Ocean Shore Blvd, Ormond Beach, FL 32176
    • Circle K — 1150 Ocean Shore Blvd, Ormond Beach, FL 32176
    • Hanky Panky's Lounge — 1088 Ocean Shore Blvd, Ormond Beach, FL 32176
    • Peckers Pub — 1350 Ocean Shore Blvd # B, Ormond Beach, FL 32176

    Location Insight

    • Map
    • Local Demand
    City
    Ormond Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.057209
    Latitude
    29.326704

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    FAQs

    What type of property is this?
    Bar & Pub - Turn-key sports bar and grill with real estate for sale.
    Where is this bar & pub 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: Turn‑key sports bar and grill business and property for sale.; Prime real estate value with future potential.; Full liquor bar, pool tables, games, and TV sports entertainment.
    (386) 212-1598
    We can help!
    Listing Contact
    Herb Lubansky
    Herb Lubansky
    Real Estate License ID: 0053585
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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