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    2006 Florida A1A Daytona Beach Shores, FL 32118
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    2006 Florida A1A, Daytona Beach Shores, FL 32118

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    • Retail properties & Spaces
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    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 2006 Florida A1A

    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional 2,007 square foot standalone retail storefront is ideally situated on Atlantic Avenue in Daytona Beach Shores, Florida, directly across from the renowned beach. Offered for sale and lease, this property presents a unique investment opportunity. The lease is a Triple Net (NNN) agreement with a minimum one-year term, plus common area maintenance (CAM) charges. The asking rental rate is $15 per square foot. The property is zoned GCRC, and a comprehensive list of permitted uses is available upon request. This prime location offers unparalleled visibility and accessibility, making it an attractive proposition for a variety of retail businesses. The building's size and location make it suitable for a range of commercial ventures. Serious inquiries are encouraged to explore this exceptional opportunity further. The property is located at 2006 Florida A1A, Daytona Beach, Volusia County, Florida, 32118.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach Shores
    County
    Volusia
    State
    Florida
    Longitude
    -80.9967
    Latitude
    29.2036

    Comparable in this City

    • Value Estimation by Request
      11,371 SF

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      5,658 SF

      2012S Atlantic Ave

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      2012S Atlantic Ave, Daytona Beach, FL 32118
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    • Value Estimation by Request
      9,483 SF

      2408-2412 Atlantic Ave

      Lifestyle centers
      2408-2412 Atlantic Ave, Daytona Beach Shores, FL 32118
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    • Value Estimation by Request
      7,832 SF

      604 Main St St

      Amusement parks
      604 Main St St, Daytona Beach, FL 32118
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    • Value Estimation by Request

      2 Recently renovated spaces, End cap unit and 1 inline space with extra plumbing

      2500 SF End cap and 880 SF Inline space
      2408 2410 S. Atlantic Ave., Daytona Beach, FL 32118
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    Similar Nearby for Sale

    • Contact for pricing

      Daytona Beach Retail Investment Opportunity

      Fully leased retail property with income and growth potential.
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    • $1,000,000
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      Daytona Beach Shores Commercial Building

      High-visibility commercial building with redevelopment potential in Daytona Beach Shores.
      2006 S Atlantic Ave, Daytona Beach Shores, FL 32118
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      Daytona Beach Commercial Building

      Commercial building in downtown Daytona Beach, ready for your vision.
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    • $650,000
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      Historic Commercial Building on Main

      Historic mixed-use building in Daytona Beach, close to the beach.
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      Daytona Beach Freestanding Commercial Building

      Freestanding commercial building in the heart of Daytona Beach.
      133 Main St, Daytona Beach, FL 32118
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    • Contact for pricing

      Retail Building on Atlantic Avenue

      2,367 SF retail building in Daytona Beach Shores.
      2400 S Atlantic Ave, Daytona Beach, FL 32118
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr

      Daytona Beach Retail Building

      5,624 SF retail building on beachside in Daytona Beach.
      1310 S Atlantic Ave, Daytona Beach, FL 32118
      View Details
    • $5,789 /Mo
      Pending

      Daytona Beach Retail Space Available

      Retail space for lease in Daytona Beach, Florida.
      2216 S Atlantic Ave, Daytona Beach, FL 32118
      View Details
    • $20 SF/Yr
      2,500 SF

      Daytona Beach Shores Retail Space

      Prime commercial space near the Atlantic Ocean in Daytona Beach.
      3400 S Atlantic Ave, Daytona Beach, FL 32118
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    • $2,800 /Mo
      3,870 SF

      Daytona Beach Shores Commercial Building

      Two-story, renovated commercial building in Daytona Beach Shores.
      2008 S Atlantic Ave, Daytona Beach Shores, FL 32118
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    • $20 SF/Yr
      1,250 SF

      Beachside Retail Space in Daytona

      Highly visible commercial space near the Atlantic Ocean.
      3400 S Atlantic Ave, Daytona Beach, FL 32118
      View Details
    • $25 SF/Yr

      Corner Retail/Office Space with Balcony

      Second-floor space with ocean views, suitable for various businesses.
      Daytona, Daytona Beach, FL 32118
      View Details
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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