Mixed-Use Property with Income
2016 S ATLANTIC AVENUE Daytona Beach, FL 32118
2016 S ATLANTIC AVENUE, Daytona Beach, FL, 32118
$1,000,000
For Sale
$1,000,000
Income-generating mixed-use property with retail and residential components.
Property Size3,066 SF
Price / SF$326.16
Days on Market65
Property Features for 2016 S ATLANTIC AVENUE
General Information
- Standard status
- Active
- Size
- 3,066 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1952
Listing Agency
ROY & COMPANY
(386) 516-3122
Listed by
CHRISTOPHER ROY
Source
Corcoran
Added: May 14 Checked: Jul 17 at 2:32 am
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 ROY & COMPANY
Investment Insights
Based on property information with market context.
This mixed-use property presents an opportunity for immediate income and long-term growth. The ground floor features 1,866 square feet of retail space, currently leased and generating $2,500 per month. Above, a 1,200-square-foot residential unit operates as a high-performing Airbnb, averaging approximately $4,000 per month in income. The property is estimated to produce a net operating income of $78,000 annually, with a 7.6% cap rate. The location is in a growing redevelopment corridor experiencing ongoing investment and increasing commercial demand. Permitted uses for the property include retail, restaurants, medical offices, professional offices, entertainment venues, service establishments, banks, galleries, and recreational facilities. Additional parcels may be included, offering two retail storefronts with a total of 12,777 square feet.
Key Highlights
- High‑performing Airbnb generating approximately $4,000/month.
- Estimated NOI of $78,000 annually with a 7.6 cap rate.
- Leased 1,866 SF retail space providing $2,500/month income.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $66.2k | $21.60 |
| − Vacancy | −$5.6k | −$1.84 |
| EGI | $60.6k | $19.76 |
| − OpEx | −$22.7k | −$7.41 |
| NOI | $37.9k | $12.35 |
3,066 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$541.0K
$473.4K – $631.2K
NOI $37,873 @ 7.0% cap · market cap 3.79%
Second Best
Retail
$412.5K
$361.0K – $481.3K
NOI $28,877 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$904.0K
$791.0K – $1.05M
NOI $63,282 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Just relax
(Bike/Boat/Book/etc) Store
Red white & blue ...
Clothing Store
The Gamer's So-Bar
Bar & Pub
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Income-generating mixed-use property with retail and residential components.
Where is this mixed-use property located?
The property is located at 2016 S ATLANTIC AVENUE Daytona Beach, 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: High‑performing Airbnb generating approximately $4,000/month.; Estimated NOI of $78,000 annually with a 7.6 cap rate.; Leased 1,866 SF retail space providing $2,500/month income.
