Bank Building with
2416 S Atlantic Avenue, Daytona Beach Shores, FL 32118
For Sale
New
$899,900
Commercial Sale, Daytona Beach Shores, FL
Property Size2,455 SF
Lot Size0.38 Acres
Price / SF$366.56
Days on Market4
Property Features for 2416 S Atlantic Avenue
General Information
Property type
Property subtype
Zoning description
Bathrooms
Full bathrooms
Rooms
Parking features
Security features
Fencing
Lot features
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
beach access
ocean views
open floor plan
tray ceilings
camera systems
bank vault
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
Nhu-y Le
(386) 308-8022
Added: Nov 6
Last Checked: Nov 9 at 6:06AM
MLS# 1232599
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.
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Investment Insights
Based on property information with market context.
This freestanding former bank building contains 2,455 square feet on a 0.38-acre parcel. The layout includes three drive-through lanes, an original bank vault, and 12'-15' tray ceilings. Renovations were completed in 2020. Construction is block, concrete, and stucco, with carpet, terrazzo, and tile flooring. The property also has a fenced parking lot, central heating, and central air conditioning with a heat pump.
Located at 2416 S Atlantic Avenue in Daytona Beach Shores, the property sits directly across from the beach and has ocean views. GC-RD zoning applies. Public water and sewer serve the site.
Located at 2416 S Atlantic Avenue in Daytona Beach Shores, the property sits directly across from the beach and has ocean views. GC-RD zoning applies. Public water and sewer serve the site.
Key Highlights
- 2,455‑square‑foot freestanding former bank building
- Three drive‑through lanes
- 0.38‑acre parcel with GC‑RD zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,280
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$745,600
$745.6K
Cap Rate 7%
$532,571
$532.6K
Cap Rate 9%
$414,222
$414.2K
Market Conditions
NOI Build-Up for 2,455 SF
Gross rent
$53.9K $21.96/SF
− Vacancy
−$4.2K −$1.71/SF
EGI
$49.7K $20.25/SF
− OpEx
−$12.4K −$5.06/SF
NOI
$37.3K $15.19/SF
Area
Volusia County, FL
Vacancy
7.80%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$745,600
Cap Rate 7%
$532,571
Cap Rate 9%
$414,222
Alternative Uses
Best Use
Specialty Retail
$532.6K
$466.0K – $621.3K
NOI $37,280 @ 7.0% cap · market cap 4.14%
Second Best
Retail
$330.3K
$289.0K – $385.4K
NOI $23,122 @ 7.0% cap · market cap 2.57%
Theoretical Best
Office A
$723.9K
$633.4K – $844.5K
NOI $50,671 @ 7.0% cap · market cap 5.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
286
Businesses Nearby
38k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 37%
Shops & Services 27%
Home Improvements & Furnishings 12%
Dining 12%
Winn-Dixie
Groceries
13,853 visits/mo
0.5 miles
Sunoco
Shops & Services
6,228 visits/mo
0.3 miles
Madden's Ace Hardware 2
Home Improvements & Furnishings
4,679 visits/mo
0.4 miles
IHOP
Dining
4,590 visits/mo
0.4 miles
7-Eleven
Shops & Services
3,812 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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Bank - GC-RD zoning and a three-lane drive-through define this freestanding commercial property.
Where is this bank located?
The property is located at 2416 S Atlantic Avenue Daytona Beach Shores, FL.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 2,455‑square‑foot freestanding former bank building; Three drive‑through lanes; 0.38‑acre parcel with GC‑RD zoning
