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Property profile & analytics
OFF-MARKET Estimated value $3,675,000
Investment properties

140 Atlantic Ave Ormond Beach, FL 32176-6653

26,682 SF 0.99 ac lot Built 1975
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US18-3629131
Property summary
AI-generated overview

This exceptional five-story, 27,000 square foot professional office building, located just a quarter-mile south of E Granada Blvd and the bridge to the mainland, offers beautifully renovated suites perfect for corporate tenants. The building, constructed in 1975 and extensively renovated in 2024, boasts a prime Beachside location with stunning ocean views from the upper floors. Suites range from 1,130 to 3,284 contiguous square feet, with a minimum divisible space of 1,130 square feet. The building features four total suites, two elevators, and is fully ADA compliant, including bathrooms. Additional amenities include a whole-building generator and storm shutters, providing peace of mind and operational continuity. The property sits on a substantial 43,000 square foot lot and is zoned B-4 Central Business, offering flexibility for various professional uses. The building is also conveniently located near A1A. Fully furnished options are available for select suites. This Class C building presents a unique opportunity to establish a thriving business in a desirable coastal location.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1975
Construction CONCRETE
Total area 26,682 SF
Lot 0.99 ac (43,000 SF)
APN 4214-09-06-0070
UPID US18-3629131
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • IPS Worldwide LLC Logistics Company Freight Service
  • Hertel Legal Law Firm
  • Kayla Williams Residential & Commercial Realtor Daytona Beach Area Real Estate Agency
  • RevIV Aesthetics and Hydration, PLLC Spa & Massage Center Alternative Medicine Practice
  • Complete Health metro-Daytona Business Office Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$5.07M
Comparable Approach Comparable
$3.76M
Blend (final) Blend
$3.68M
Owner & transaction history
140 S Atlantic Avenue INC · 6 yrs held
140 S Atlantic Avenue INC
since 2019
3 recorded transactions
2022
Price N/A
2019
$2.5M
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $4.8M +19.8%
Neighborhood: shopping center $4.8M +19.7%
Retail stores $4.2M +5.0%
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