Renovated Drive-Through Retail
For Sale
$790,000
2400 S Atlantic Ave Daytona, Daytona Beach, FL 32118
Recently renovated retail space with drive-through configuration and ample parking.
Property Size2,430 SF
Days on Market18
Property Features for 2400 S Atlantic Ave Daytona
General Information
Standard status
Active
Size
2,430 SF
Property subtype
Free Standing Building
Building Details
Building Size
2,430 SF
Year Built
1971
Properties For Sale
at 2400 S Atlantic Ave Daytona Contact us- Size
- 2,430 SF
- Lease Type
- NNN
2400 S Atlantic Ave
Listing Agency:
SVN | Alliance Commercial Real Estate Advisors
Listed By:
Carl Lentz · License #3068067
(386) 310-7900
Source:
Thebrokerlist
Added: Aug 19
Changed: Sep 4
Last Checked: Sep 4 at 2:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Alliance Commercial Real Estate Advisors
Investment Insights
Based on property information with market context.
This 2,367 SF retail building was constructed in 1971 and recently renovated. The property is currently configured for drive-through retail use and carries GC-RD zoning. Its existing use is a drive-through liquor store, with the source information also identifying retail, service, medical, restaurant, bakery, and professional applications.
The building occupies the west side of S Atlantic Ave at the corner of Harrison Rd. Ample parking is available on site, providing practical support for customer-oriented operations.
The building occupies the west side of S Atlantic Ave at the corner of Harrison Rd. Ample parking is available on site, providing practical support for customer-oriented operations.
Key Highlights
- 2,367 SF retail building
- Recently renovated property constructed in 1971
- Existing drive‑through liquor store configuration
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
$22,887
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
2.90%
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%
$457,740
$457.7K
Cap Rate 7%
$326,957
$327.0K
Cap Rate 9%
$254,300
$254.3K
Market Conditions
NOI Build-Up for 2,430 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
$36.5K $15.00/SF
− Vacancy
−$3.8K −$1.55/SF
EGI
$32.7K $13.46/SF
− OpEx
−$9.8K −$4.04/SF
NOI
$22.9K $9.42/SF
Area
Volusia County, FL
Vacancy
10.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$457,740
Cap Rate 7%
$326,957
Cap Rate 9%
$254,300
Alternative Uses
Best Use
Retail
$327.0K
$286.1K – $381.5K
NOI $22,887 @ 7.0% cap · market cap 2.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$716.5K
$626.9K – $835.9K
NOI $50,155 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
286
Businesses Nearby
38k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 37%
Shops & Services 27%
Home Improvements & Furnishings 12%
Dining 12%
Winn-Dixie
Groceries
13,853 visits/mo
0.5 miles
Sunoco
Shops & Services
6,228 visits/mo
0.3 miles
Madden's Ace Hardware 2
Home Improvements & Furnishings
4,679 visits/mo
0.4 miles
IHOP
Dining
4,590 visits/mo
0.4 miles
7-Eleven
Shops & Services
3,812 visits/mo
0.4 miles
Demographics for 32118, FL
17,906
Population
16,390
Households
1.1
Avg Household Size
58
Median Age
31%
College-Educated
94%
High-School Grad
4.2 sq mi
ZIP Area
4,263
Density / Sq Mi
$60,418
Median Household Income
$36,153
Median Earnings
$1,283
Median Rent
$339,500
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?
Retail space - Recently renovated retail space with drive-through configuration and ample parking.
Where is this retail space located?
The property is located at 2400 S Atlantic Ave Daytona Daytona Beach, FL.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: 2,367 SF retail building; Recently renovated property constructed in 1971; Existing drive‑through liquor store configuration
