Freestanding Bank Building with
New
For Sale
$899,900
2416 S Atlantic Avenue, Daytona Beach Shores, FL 32118
COMMERCIAL - Daytona Beach Shores, FL
Property Size2,455 SF
Lot Size0.38 Acres
Price / SF$366.56
Days on Market1
Property Features for 2416 S Atlantic Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking features
Parking Lot
Security features
Security Lighting
Fencing
Fenced
Accessibility
Accessible Approach with Ramp
Lot features
Cleared, Corner Lot
Directions
From I-95 Take exit 260 C toward US-92 East. Right on Atlantic Ave. Destination will be on your right. 2416 S. Atlantic Ave.
Subdivision
13 - Beachside, N of Dunlawton & S Silver
Standard status
Active
APN
5322-04-14-0180
Size
2,455 SF
Lot size
0.38 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 18 EXC R/W & LOT 19 BLK 14 BRIDGEPORT HEIGHTS RESUB MB 9 PG 249 PER OR 3750 PG 3251 PER OR 7690 PG 0843 PER OR 7955 PG 1749 PER OR 8195 PG 0550 PER OR 8211 PG 2065
Tax Annual Amount
4950
Legal Description
LOT 18 EXC R/W & LOT 19 BLK 14 BRIDGEPORT HEIGHTS RESUB MB 9 PG 249 PER OR 3750 PG 3251 PER OR 7690 PG 0843 PER OR 7955 PG 1749 PER OR 8195 PG 0550 PER OR 8211 PG 2065
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Heat Pump, Central Air
Water source
Public
Amenities
camera systems
bank vault
open floor plan
tray ceilings
Building Details
Year built
1993
Floors in Building
1
Number of units
1
Flooring type
Terrazzo, Carpet, Tile
Building materials
Block, Concrete
Roof type
Tar/Gravel
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
Nhu-y Le
(386) 308-8022
Added: Aug 14
Last Checked: Aug 14 at 5:06AM
MLS# 1229649
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.
Freestanding bank building offering 2,455 square feet on a 0.38-acre parcel in Daytona Beach Shores. The property was built in 1993 and renovated in 2020, with block and concrete construction, an open interior, 12'-15' tray ceilings, two bathrooms, and a retained bank vault. Interior and exterior camera systems, a fenced perimeter, accessible ramp, parking lot, central heating, and central air support the existing improvements. Three drive-through lanes provide dedicated vehicle service capacity.
The property is located at 2416 S Atlantic Avenue, directly across from the beach, with ocean views and beach access. It is served by public water and public sewer and carries GC-RD zoning. Additional floors or further build-out may be possible subject to zoning approvals.
The property is located at 2416 S Atlantic Avenue, directly across from the beach, with ocean views and beach access. It is served by public water and public sewer and carries GC-RD zoning. Additional floors or further build-out may be possible subject to zoning approvals.
Key Highlights
- 2,455 SF freestanding bank building on a 0.38‑acre parcel
- Three drive‑through lanes with dedicated vehicle service access
- Renovated in 2020; original construction completed in 1993
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
$37,280
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
4.14%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Bank - Renovated beachside commercial building with drive-through service lanes and GC-RD zoning.
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 SF freestanding bank building on a 0.38‑acre parcel; Three drive‑through lanes with dedicated vehicle service access; Renovated in 2020; original construction completed in 1993
