Double Retail
For Sale
$1,000,000
2012 S Atlantic Avenue, Daytona Beach Shores, FL 32118
Commercial Sale, Daytona Beach Shores, FL
Property Size5,378 SF
Lot Size0.20 Acres
Price / SF$185.94
Days on Market141
Property Features for 2012 S Atlantic Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1, Bathroom 2
Parking features
Parking Lot
Directions
Exit I-95: Take Exit 260A for US-92 E/W International Speedway Blvd toward Daytona Beach/Airport. Continue East: Follow W International Speedway Blvd east for 5-6 miles, crossing the Halifax River (Main Street Bridge/Broadway Bridge). Turn South: After crossing the bridge and arriving at the oceanfront, turn south onto S Atlantic Ave. Arrive: Continue south on S Atlantic Ave to 2012 S Atlantic
Subdivision
13 - Beachside, N of Dunlawton & S Silver
Standard status
Active
APN
5316-21-00-0061
Size
5,378 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PART OF LOTS 5 6 & 7 BEING S 72.6 FT OF N 167.6 FT MEAS ON E/L PER DB 410 PG 156 & PER DB 450 PG 209 ARMSTRONG SUB MB 9 PG 280 EXC E 30 FT IN A1A INC PER OR 4632 PGS 3729-3730
Tax Annual Amount
4548
Legal Description
PART OF LOTS 5 6 & 7 BEING S 72.6 FT OF N 167.6 FT MEAS ON E/L PER DB 410 PG 156 & PER DB 450 PG 209 ARMSTRONG SUB MB 9 PG 280 EXC E 30 FT IN A1A INC PER OR 4632 PGS 3729-3730
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1952
Building materials
Concrete, Stucco
Listing Agency:
Roy & Company
(386) 212-0517
Listed By:
Raquel Sotolongo
(386) 307-0577
Added: May 4
Changed: Aug 20
Last Checked: Sep 21 at 10:06AM
MLS# 1226095
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 5,378-square-foot commercial property contains two retail storefronts within a concrete and stucco building constructed in 1952. The layout includes two bathrooms, central heating and central air conditioning, with a dedicated parking lot serving the site. Public water is available.
The property is located at 2012 S Atlantic Avenue in Daytona Beach Shores, positioned along A1A beachside frontage. Permitted uses identified for the property include retail, professional and medical offices, restaurants, galleries, entertainment venues, service businesses, banks, and bakeries. Multiple adjacent parcels with operating units are also available, creating additional options for purchasers seeking to expand their holdings.
The property is located at 2012 S Atlantic Avenue in Daytona Beach Shores, positioned along A1A beachside frontage. Permitted uses identified for the property include retail, professional and medical offices, restaurants, galleries, entertainment venues, service businesses, banks, and bakeries. Multiple adjacent parcels with operating units are also available, creating additional options for purchasers seeking to expand their holdings.
Key Highlights
- 5,378 SF commercial building with two retail storefronts
- A1A beachside frontage at 2012 S Atlantic Avenue
- Concrete and stucco construction; built in 1952
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
$50,653
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
5.07%
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%
$1,013,060
$1.0M
Cap Rate 7%
$723,614
$723.6K
Cap Rate 9%
$562,811
$562.8K
Market Conditions
NOI Build-Up for 5,378 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
$80.7K $15.00/SF
− Vacancy
−$8.3K −$1.55/SF
EGI
$72.4K $13.46/SF
− OpEx
−$21.7K −$4.04/SF
NOI
$50.7K $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%
$1,013,060
Cap Rate 7%
$723,614
Cap Rate 9%
$562,811
Alternative Uses
Best Use
Retail
$723.6K
$633.2K – $844.2K
NOI $50,653 @ 7.0% cap · market cap 5.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.59M
$1.39M – $1.85M
NOI $111,002 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
291
Businesses Nearby
25k
Monthly Visits Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Two retail suites with central HVAC, concrete and stucco construction, and on-site parking near the coast.
Where is this storefront property located?
The property is located at 2012 S Atlantic Avenue Daytona Beach Shores, FL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 5,378 SF commercial building with two retail storefronts; A1A beachside frontage at 2012 S Atlantic Avenue; Concrete and stucco construction; built in 1952
