Italian Restaurant With Two
For Sale
$399,500
136 S Atlantic Avenue, Daytona Beach, FL 32118
Commercial Sale, Daytona Beach, FL
Property Size1,940 SF
Lot Size0.24 Acres
Price / SF$205.93
Days on Market148
Property Features for 136 S Atlantic Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking features
Parking Lot
Subdivision
Rogers Seabreeze
Lot features
Corner Lot
Directions
From ISB north on Atlantic Ave, Left on Kemp ST, Property on corner of Kemp and Atlantic.
Standard status
Active
APN
5304-01-04-0130
Size
1,940 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 13 & 14 EXC OCEAN SHORE BLVD BLK 4 ROGERS SEABREEZE PER OR 3242 PG 1042 PER OR 7388 PG 705 PER OR 7389 PG 2771
Tax Annual Amount
3636
Legal Description
LOTS 13 & 14 EXC OCEAN SHORE BLVD BLK 4 ROGERS SEABREEZE PER OR 3242 PG 1042 PER OR 7388 PG 705 PER OR 7389 PG 2771
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Building Details
Year built
1984
Floors in Building
1
Building materials
Block, Concrete
Listing Agency:
FAME Real Estate LLC
(386) 334-2226
Listed By:
Mike Khorassani
(386) 334-2226
Added: Mar 30
Changed: Aug 20
Last Checked: Aug 24 at 11:06AM
MLS# 1224641
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 business-only sale includes an Italian restaurant operating from a 1,940-square-foot location with 1,880 square feet of dining space, additional outdoor seating, two full bars, and a fully equipped kitchen. Kitchen improvements include two walk-in freezers, while the premises also feature central air, a parking lot, public sewer, and block and concrete construction.
The restaurant is located at 136 S Atlantic Avenue in Daytona Beach, steps from the ocean and within a busy tourist area. The sale includes the liquor license and a 3-year lease with an option to renew. The property was built in 1984.
The restaurant is located at 136 S Atlantic Avenue in Daytona Beach, steps from the ocean and within a busy tourist area. The sale includes the liquor license and a 3-year lease with an option to renew. The property was built in 1984.
Key Highlights
- Business‑only sale at 136 S Atlantic Avenue, Daytona Beach, FL 32118
- 1,940 square feet with 1,880 square feet of dining area
- Two full bars and liquor license included
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
$29,460
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
7.37%
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%
$589,200
$589.2K
Cap Rate 7%
$420,857
$420.9K
Cap Rate 9%
$327,333
$327.3K
Market Conditions
NOI Build-Up for 1,940 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
$42.6K $21.96/SF
− Vacancy
−$3.3K −$1.71/SF
EGI
$39.3K $20.25/SF
− OpEx
−$9.8K −$5.06/SF
NOI
$29.5K $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%
$589,200
Cap Rate 7%
$420,857
Cap Rate 9%
$327,333
Alternative Uses
Best Use
Specialty Retail
$420.9K
$368.3K – $491.0K
NOI $29,460 @ 7.0% cap · market cap 7.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$572.0K
$500.5K – $667.4K
NOI $40,042 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
750
Businesses Nearby
55k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Shops & Services 43%
Hotels & Casinos 7%
Joe's Crab Shack
Dining
19,572 visits/mo
0.3 miles
7-Eleven
Shops & Services
9,090 visits/mo
0.3 miles
7-Eleven
Shops & Services
7,013 visits/mo
0.2 miles
Circle K
Shops & Services
4,699 visits/mo
0.4 miles
Domino's Pizza
Dining
4,599 visits/mo
0.5 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
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established restaurant business with a fully equipped kitchen, two bars, outdoor seating, and a liquor license.
Where is this conventional restaurant located?
The property is located at 136 S Atlantic Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $399,500.
What are key features of this property?
This property features: Business‑only sale at 136 S Atlantic Avenue, Daytona Beach, FL 32118; 1,940 square feet with 1,880 square feet of dining area; Two full bars and liquor license included
