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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    120 Atares Ave Daytona Beach, FL 32118

    • Small apartment buildings
    For Sale
    View listing
    $575,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0467555
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Small apartment buildings

    Property Details for 120 Atares Ave

    Year built
    1956
    Property type
    Small apartment buildings

    Description

    This exceptional Daytona Beach Shores investment property, located at 120 Atares Avenue, offers a unique blend of existing income and significant development potential. The 24,829.2 square foot lot, zoned RMF-2, allows for the construction of up to 19 units, making it ideal for a variety of projects including prestigious condominiums, a boutique hotel, or upscale residential development. The property's strategic location near both the Halifax River and the Atlantic Ocean provides unparalleled access to desirable amenities and breathtaking views. Currently, a charming one-bedroom, one-bathroom home sits on the property and is utilized as a short-term rental, generating immediate cash flow. Built in 1956, this property encompasses eight individual lots, presenting a rare opportunity to acquire a substantial land parcel in a highly sought-after coastal location. The asking price for this multifamily, retail, and land opportunity is $575,000. This property is classified as commercial, apartment building, business, and duplex/triplex/quadruplex. Don't miss this chance to capitalize on the thriving Daytona Beach Shores real estate market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -80.9753324
    Latitude
    29.1595489

    Comparable in this City

    • $3,300,000

      Daytona Beach Waterfront Development

      Luxury condo development opportunity. Prime location.
      613 Halifax Ave, Daytona Beach, FL 32118
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    • $198,000

      Daytona Beach Multifamily Investment

      Beachside Lot, Multi-Use Potential
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    • $1,250,000
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      Daytona Beach Multifamily Investment

      Beachfront Six-Unit Income Property
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    • $1,150,000
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      Historic Daytona Beach Duplex

      Charming 2-unit, Ocean Dunes gem
      319 Wisteria Rd, Daytona Beach, FL 32118
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    • $1,550,000
      6,800 SF

      Oceanfront Daytona Beach Shores Multifamily

      Four-unit building, ocean views, short-term rentals allowed
      3635 Cardinal Blvd, Daytona Beach Shores, FL 32118
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    • $498,000

      Daytona Beach Shores Multifamily Lot

      Beachfront Investment Opportunity: Build Your Dream
      3742 Atlantic Ave, Daytona Beach Shores, FL 32118
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    Similar Nearby for Sale

    • $198,000

      Daytona Beach Multifamily Investment

      Beachside Lot, Multi-Use Potential
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    • $1,250,000
      3,312 SF

      Daytona Beach Multifamily Investment

      Beachfront Six-Unit Income Property
      600 Oakridge Blvd, Daytona Beach, FL 32118
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    • $3,300,000

      Daytona Beach Waterfront Development

      Luxury condo development opportunity. Prime location.
      613 Halifax Ave, Daytona Beach, FL 32118
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    • $295,000

      Beachside Multifamily Lot in Daytona

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      0 Cardinal Blvd, Daytona Beach Shores, FL 32118
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    • $875,000

      Daytona Beach Shores Investment Opportunity

      Prime Commercial Land, Multifamily Potential
      3768 Atlantic Ave, Daytona Beach Shores, FL 32118
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    • $197,999

      Daytona Beach Mixed-Use Investment

      Beachside Commercial Lot, Huge Potential
      0 Earl St, Daytona Beach, FL 32118
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    Similar Nearby for Lease

    • $2,350,000
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      Daytona Beach Waterfront Condo Units

      18 units in 39-unit building with waterfront access.
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    • $10 SF/Yr
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      Seabreeze Blvd Retail Opportunity

      Prime Daytona Beach Bar/Restaurant Space
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    • $3,000 /Mo
      2,278 SF

      Daytona Beach Commercial Opportunity

      Two buildings near the beach, prime redevelopment area.
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    • $4,209 /Mo

      Daytona Beach Shores Retail/Office

      Retail or office space available on A1A in Daytona Beach.
      2570 S Atlantic Ave, Daytona Beach, FL 32118
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    • $5,789 /Mo
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      Daytona Beach Retail Space Available

      Retail space for lease in Daytona Beach, Florida.
      2216 S Atlantic Ave, Daytona Beach, FL 32118
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    • $12 SF/Yr
      8,435 SF

      Daytona Beach Retail Space

      Beachside Office/Retail Opportunity
      201 Seabreeze Blvd, Daytona Beach, FL 32118
      View Details
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    120 Atares Ave
    Daytona Beach, FL 32118
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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.

    More about this property
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