Renovated 12-Unit
For Sale
$1,290,000
2240 S Atlantic Avenue, Daytona Beach Shores, FL 32118
Commercial Sale, Daytona Beach Shores, FL
Property Size5,213 SF
Lot Size0.44 Acres
Price / SF$247.46
Days on Market139
Property Features for 2240 S Atlantic Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Off Street, Parking Lot
Directions
North on Atlantic Ave from Dunlawton. Property on West side of Atlantic
Subdivision
13 - Beachside, N of Dunlawton & S Silver
Standard status
Active
APN
5322-01-00-0057
Size
5,213 SF
Lot size
0.44 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
E 184.5 FT MEAS ON S/L OF LOT 5 W OF ATLANTIC AVE & E 140 FT MEAS ON N/L OF S 20 FT OF LOT 4 W OF ATLANTIC AVE C N MORRIS SUB EXC PART IN R/W PER OR 3728 PGS 2387 PER OR 8240 PG 1353
Tax Annual Amount
8882
Legal Description
E 184.5 FT MEAS ON S/L OF LOT 5 W OF ATLANTIC AVE & E 140 FT MEAS ON N/L OF S 20 FT OF LOT 4 W OF ATLANTIC AVE C N MORRIS SUB EXC PART IN R/W PER OR 3728 PGS 2387 PER OR 8240 PG 1353
Utilities
Sewer type
Public Sewer
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1952
Building materials
Block, Concrete
Listing Agency:
Realty Pros Assured
(386) 677-7653
Listed By:
Beau Warren · License #SL3207370
(386) 589-5754
Added: May 22
Changed: Oct 2
Last Checked: Oct 7 at 1:06PM
MLS# 1226720
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 12-unit motel includes an office and encompasses 5,213 square feet on a 0.44-acre site. The property was built in 1952 and has undergone extensive renovation, including refreshed guest rooms, bathrooms, flooring, fixtures, paint, furnishings, and kitchenettes. Recent capital work also includes a new roof, electrical and plumbing updates, paving, landscaping, and other property-wide improvements.
Located directly across from the beach at 2240 S Atlantic Avenue in Daytona Beach Shores, the motel offers a beachside setting along a coastal corridor. The site includes off-street parking and a parking lot, with public water and public sewer service. Construction consists of block and concrete, while cooling is provided by window and wall/window units.
Located directly across from the beach at 2240 S Atlantic Avenue in Daytona Beach Shores, the motel offers a beachside setting along a coastal corridor. The site includes off-street parking and a parking lot, with public water and public sewer service. Construction consists of block and concrete, while cooling is provided by window and wall/window units.
Key Highlights
- 12‑unit motel with office space
- 5,213 square feet on 0.44 acres
- Directly across from the beach at 2240 S Atlantic Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,723
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$794,460
$794.5K
Cap Rate 7%
$567,471
$567.5K
Cap Rate 9%
$441,367
$441.4K
Market Conditions
NOI Build-Up for 5,213 SF
Gross rent
$80.7K $15.48/SF
− Vacancy
−$8.5K −$1.63/SF
EGI
$72.2K $13.85/SF
− OpEx
−$32.5K −$6.23/SF
NOI
$39.7K $7.62/SF
Area
Volusia County, FL
Vacancy
10.50%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$794,460
Cap Rate 7%
$567,471
Cap Rate 9%
$441,367
Alternative Uses
Best Use
Apartment 5plus
$567.5K
$496.5K – $662.1K
NOI $39,723 @ 7.0% cap · market cap 3.08%
Second Best
Hotel Hospitality
$267.4K
$234.0K – $312.0K
NOI $18,720 @ 7.0% cap · market cap 1.45%
Theoretical Best
Office A
$1.54M
$1.34M – $1.79M
NOI $107,596 @ 7.0% cap · market cap 8.34%
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
276
Businesses Nearby
Well-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Similar Off Market Nearby
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- Perennial Vacation Club — 2525 s atlantic ave, daytona beach, fl 32118
Frequently Asked Questions
What type of property is this?
Motel - Updated lodging property with guest kitchenettes, office space, parking, and public water and sewer.
Where is this motel located?
The property is located at 2240 S Atlantic Avenue Daytona Beach Shores, FL.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: 12‑unit motel with office space; 5,213 square feet on 0.44 acres; Directly across from the beach at 2240 S Atlantic Avenue
