Mixed-Use Property with Income
For Sale
$1,000,000
2016 S ATLANTIC AVENUE, Daytona Beach, FL 32118
Income-generating mixed-use property with retail and residential components.
Property Size3,066 SF
Price / SF$326.16
Days on Market107
Property Features for 2016 S ATLANTIC AVENUE
General Information
Standard status
Active
Size
3,066 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$2,871
Amenities
Central air
Dryer
Washer
Pool
Public Pool
Central Air Cooling
Central Heating
Building Details
Year Built
1952
Listing Agency:
ROY & COMPANY
(386) 516-3122
Listed By:
CHRISTOPHER ROY
Source:
Corcoran
Added: May 14
Changed: Aug 17
Last Checked: Aug 26 at 8:27AM
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.
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
$37,873
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
3.79%
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%
$757,460
$757.5K
Cap Rate 7%
$541,043
$541.0K
Cap Rate 9%
$420,811
$420.8K
Market Conditions
NOI Build-Up for 3,066 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
$66.2K $21.60/SF
− Vacancy
−$5.6K −$1.84/SF
EGI
$60.6K $19.76/SF
− OpEx
−$22.7K −$7.41/SF
NOI
$37.9K $12.35/SF
Area
Volusia County, FL
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$757,460
Cap Rate 7%
$541,043
Cap Rate 9%
$420,811
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
291
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
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.
