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    Daytona Beach Shores Commercial Building Title is generated by Realmo AI

    2008 S Atlantic Avenue, Daytona Beach Shores, FL 32118

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    For Lease
    $2,800/Mo $8 SF/Yr (calc)

    COMMERCIAL - Daytona Beach Shores, FL

    Property size:
    3,870 SF
    Lot size:
    0.09 Acres
    Added:
    Mar 12, 2026
    Days on Market:
    67
    Last Refresh:
    May 17 at 6:06 pm

    Property Features for 2008 S Atlantic Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Bathrooms
    1
    Rooms
    Bathroom 1
    Parking features
    Off Street
    Standard status
    Active
    APN
    5316-21-00-0060
    Size
    3,870 SF
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    PART OF LOTS 5 6 & 7 BEING S 35.4FT OF N 40.4 FT MEAS ON E/L DB 444 PG 325 ARMSTRONG SUB MB 9 PG 280 PER OR 5451 PG 2203 PER OR 6131 PG 1753 PER OR 6867 PG 3697 PER OR 8531 PG 2477 PER OR 8545 PG 1731
    Tax Annual Amount
    4306

    Utilities

    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1952
    Floors in Building
    2
    Flooring type
    Tile
    Building materials
    Cement Siding, Concrete, Stucco

    We can help!

    Listing Contact
    Donald Williams

    Listing agent Donald Williams

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

    Listing date Mar 12, 2026

    MLS# 1224031

    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.

    HighLights

    • Recently renovated: New roof, stucco, paint, windows, doors, and updated mechanicals.
    • Prime location: Situated on A1A in a busy area of Daytona Beach Shores.
    • Ocean view: Second floor offers ocean views.
    • Versatile space: Approximately 3600 SQFT commercial building suitable for a multitude of businesses.
    • Move‑in ready: Interior is completely renovated and ready for immediate occupancy.
    • Durable construction: Features cement siding, concrete, and stucco construction.

    Overview

    This two-story commercial building, offering approximately 3,600 square feet, is located on A1A in a high-traffic area of Daytona Beach Shores. The building has been recently renovated, including a new roof, stucco, paint, windows, doors, and updated mechanical systems. The interior has also been completely renovated. The second floor offers ocean views. This property presents an opportunity for a multitude of businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Big Box & Wholesale Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach Shores
    County
    Volusia
    State
    Florida
    Longitude
    -81.0051
    Latitude
    29.215

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    FAQs

    What type of property is this?
    Storefront property - Two-story, renovated commercial building in Daytona Beach Shores.
    Where is this storefront property located?
    The property is located at 2008 S Atlantic Avenue Daytona Beach Shores, FL.
    What is the lease rate?
    The lease rate is $2,800 /Mo.
    What are key features of this property?
    This property features: Recently renovated: New roof, stucco, paint, windows, doors, and updated mechanicals.; Prime location: Situated on A1A in a busy area of Daytona Beach Shores.; Ocean view: Second floor offers ocean views.
    (386) 308-0535
    We can help!
    Listing Contact
    Donald Williams
    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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