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Property profile & analytics
OFF-MARKET Estimated value $1,310,000
Banks

1650 Atlantic Ave New Smyrna Beach, FL 32169-3118

2,606 SF 1.03 ac lot Built 1981
Entity Owned ~ Est. High Equity
Property ID
US18-2821184
Property summary
AI-generated overview

This exceptional standalone commercial building, located at 1650 S Atlantic Avenue in New Smyrna Beach, Florida, presents a remarkable investment opportunity. Boasting 5,498 square feet on a 45,001.84 square foot lot, this single-story, 1981-built structure is currently vacant, offering unparalleled flexibility for the discerning buyer. The property's strategic location just off a busy four-lane road ensures high visibility and consistent traffic flow. Its proximity to the beach and numerous residential communities guarantees a robust customer base. Previously a bank, the building features 22 parking spaces and five drive-thru lanes, along with interior spaces including offices, a teller area, restrooms, a break room, and additional adaptable rooms. Comprehensive environmental and survey studies are complete, and site plans are available for potential redevelopment, such as a gas station or convenience store. The B2 zoning allows for a wide array of uses, including but not limited to: bank, restaurant, car wash, art gallery, apparel shop, furniture store, liquor store, medical/dental clinic, office supply store, paint store, and professional offices. Convenient access to I-95, Edgewater, and Port Orange (within 15 minutes) and Daytona International Airport and Speedway (within 30 minutes) further enhances its appeal. The asking price is $2,300,000. This is a chance to establish your business in a thriving coastal market with high visibility and immediate occupancy.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1981
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,606 SF
Lot 1.03 ac (45,000 SF)
Zoning code B2
APN 7415-04-38-0030
UPID US18-2821184
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.82M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.31M
Owner & transaction history
Kengro Holdings LLC
Kengro Holdings LLC
since 2025
Last sale
$1.3M
5 recorded transactions
2025
$1.6M
2025
Price N/A
2020
$1.3M
2020
Price N/A
1969
Price N/A
Zoning & alternative use
B2 · New Smyrna Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $790,000 +315.5%
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