Turn-Key Sports Bar
For Sale
$2,300,000
1368 OCEAN SHORE BOULEVARD, Ormond Beach, FL 32176
Completely remodeled sports bar with all-electric kitchen, walk-in cooler/freezer, and three ADA restrooms.
Property Size4,488 SF
Price / SF$512.48
Days on Market107
Property Features for 1368 OCEAN SHORE BOULEVARD
General Information
Standard status
Active
Size
4,488 SF
Total Parking Spaces
35
Zoning
B4
Additional Details
Business Included
Yes
Heavy Power
Yes
Taxes and HOA fees
Annual Taxes
$12,712
Amenities
Bathrooms, Dumpsters, Furnished, Kitchen Facility, Seating
Accessible Entrance, Accessible Bedroom
Central Air, Zoned
Central, Electric, Zoned
Dishwasher, Microwave, Refrigerator
Building Details
Building Size
4,488 SF
Year Built
1957
Listing Agency:
lubansky & white realty
Listed By:
Herb Lubansky · License #BK-53585
(386) 212-1598
Source:
Evrealestate
Added: May 24
Changed: Aug 26
Last Checked: Sep 7 at 6:32AM
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 lubansky & white realty
Investment Insights
Based on property information with market context.
This turn-key sports bar and restaurant property has been completely remodeled for a streamlined operation. The buildout includes an all-electric kitchen with 3-phase equipment, a walk-in cooler, and a walk-in freezer. The bar area features a large walk-in beer cooler, and the electrical system has been upgraded. Public spaces include three ADA restrooms. Improvements also include added beams to support a second-floor ocean view deck over the bar area, along with planning for a dumbwaiter and elevator.
The business is beachside and located just across the street from the Atlantic Ocean. The operation includes a full-service liquor bar, and the venue offers games and pool tables.
The owner is offering the business as an EZ to take over turn-key operation, subject to NDA and proof of funds for additional information.
The business is beachside and located just across the street from the Atlantic Ocean. The operation includes a full-service liquor bar, and the venue offers games and pool tables.
The owner is offering the business as an EZ to take over turn-key operation, subject to NDA and proof of funds for additional information.
Key Highlights
- 1957‑built sports bar with a completely remodeled interior and upgraded electrical system
- All‑electric kitchen with 3‑phase equipment
- Walk‑in cooler and walk‑in freezer
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
—
—
no second resolved use
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
Heavy power
Location Intelligence
Trade Area within ½ mile
387
Businesses Nearby
57k
Monthly Visits Nearby
Well-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.
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Frequently Asked Questions
What type of property is this?
Bar & Pub - Completely remodeled sports bar with all-electric kitchen, walk-in cooler/freezer, and three ADA restrooms.
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: 1957‑built sports bar with a completely remodeled interior and upgraded electrical system; All‑electric kitchen with 3‑phase equipment; Walk‑in cooler and walk‑in freezer
