Commercial Land with Renovated
For Sale
$799,000
2008 S Atlantic Avenue, Daytona Beach, FL 32118
A two-story commercial building occupies parcels fronting A1A in Daytona Beach Shores.
Property Size4,200 SF
Price / SF$190.24
Days on Market266
Property Features for 2008 S Atlantic Avenue
General Information
Standard status
Active
Size
4,200 SF
Property subtype
Business
Taxes and HOA fees
Annual Taxes
$4,181
Building Details
Building Size
4,200 SF
Year Built
1952
Listing Agency:
Coastal Ventures Real Estate
Listed By:
Ashley Flatley · License #3361969
(904) 315-8547
Source:
Coastalventures
Added: Feb 4
Changed: Oct 26
Last Checked: Oct 26 at 4:09PM
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 Coastal Ventures Real Estate
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Investment Insights
Based on property information with market context.
This commercial land offering includes a two-story building that underwent renovation, including work to the roof, stucco, paint, windows, doors, and interior mechanical systems. The building dates to 1952 and has an ocean view from the second floor.
The parcels front A1A in Daytona Beach Shores and together comprise more than 0.68 acre. Adjacent and adjoining properties are also for sale. Contact Daytona Beach Shores and the Appraiser’s Office regarding intended use.
The parcels front A1A in Daytona Beach Shores and together comprise more than 0.68 acre. Adjacent and adjoining properties are also for sale. Contact Daytona Beach Shores and the Appraiser’s Office regarding intended use.
Key Highlights
- More than 0.68 acre across parcels fronting A1A
- Two‑story building with an ocean view from the second floor
- Renovation included the roof, stucco, paint, windows, doors, interior, and mechanical systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,558
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$791,160
$791.2K
Cap Rate 7%
$565,114
$565.1K
Cap Rate 9%
$439,533
$439.5K
Market Conditions
NOI Build-Up for 4,200 SF
Gross rent
$63.0K $15.00/SF
− Vacancy
−$6.5K −$1.55/SF
EGI
$56.5K $13.46/SF
− OpEx
−$17.0K −$4.04/SF
NOI
$39.6K $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 Rate 5%
$791,160
Cap Rate 7%
$565,114
Cap Rate 9%
$439,533
Alternative Uses
Best Use
Retail
$565.1K
$494.5K – $659.3K
NOI $39,558 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.24M
$1.08M – $1.44M
NOI $86,688 @ 7.0% cap · market cap 10.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
291
Businesses Nearby
25k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 56%
Shops & Services 28%
Hotels & Casinos 16%
Winn-Dixie
Groceries
13,853 visits/mo
0.5 miles
Dollar General
Shops & Services
6,841 visits/mo
0.3 miles
Holiday Inn Resort Daytona Beach Oceanfront
Hotels & Casinos
3,983 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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Commercial land - A two-story commercial building occupies parcels fronting A1A in Daytona Beach Shores.
Where is this commercial land located?
The property is located at 2008 S Atlantic Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: More than 0.68 acre across parcels fronting A1A; Two‑story building with an ocean view from the second floor; Renovation included the roof, stucco, paint, windows, doors, interior, and mechanical systems
