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

    2043 Atlantic Ave Daytona Beach, FL 32118-5007

    • Turn key restaurants
    • 2,620 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-8447233
    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

    • Oceanview Florida Condos / Holiday Apartment Rental
    • Castaways Beach Resort / Indoor Lodging / Hotel
    • ALL HIS Strength Ministries / Ministry Of Education
    • Daytona Diner / Diner / Breakfast Restaurant

    Property Details for 2043 Atlantic Ave

    Year built
    1973
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.23 lot acres
    Property size
    2,620 SF
    Property type
    Turn key restaurants
    APN
    5316-30-00-0002
    APU
    531630000002

    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
    -80.9943
    Latitude
    29.2006
    CBSA code
    19660
    CBSA name
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $380,000
      2,492 SF

      740 Main St

      RESTAURANT • 2,492 SF
      740 Main St, Daytona Beach, FL 32118-4281
      View Details
    • Value Estimation
      $285,000
      4,124 SF

      203 Atlantic Ave

      RESTAURANT • 4,124 SF
      203 Atlantic Ave, Daytona Beach, FL 32118-4101
      View Details
    • Value Estimation
      $2,120,000
      2,582 SF

      318 Atlantic Ave

      RESTAURANT • 2,582 SF
      318 Atlantic Ave, Daytona Beach, FL 32118-4504
      View Details
    • Value Estimation
      $960,000
      6,856 SF

      451 Atlantic Ave

      RESTAURANT • 6,856 SF
      451 Atlantic Ave, Daytona Beach, FL 32118-4666
      View Details
    • Value Estimation
      $305,000
      4,410 SF

      3701 Atlantic Ave

      RESTAURANT • 4,410 SF
      3701 Atlantic Ave, Daytona Beach, FL 32118-7201
      View Details
    • Value Estimation
      $260,000
      1,470 SF

      2328 Atlantic Ave

      RESTAURANT • 1,470 SF
      2328 Atlantic Ave, Daytona Beach, FL 32118-5344
      View Details

    Similar Nearby for Sale

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      Daytona Beach Restaurant Opportunity

      Established Italian restaurant steps from the ocean in Daytona Beach.
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    • New
      $999,000
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      Daytona Beach Restaurant/Bar Opportunity

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      Daytona Beach Mixed-Use Property

      Mixed-use property with turnkey restaurant and residential unit.
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    • $370,000
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      Turnkey Restaurant in Daytona Beach

      Profitable pizza restaurant in Daytona Beach's entertainment district.
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      Turnkey Pizza Restaurant Opportunity

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      Daytona Beach Shores Live-Work Property

      Live and work in this unique property near the beach.
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    Similar Nearby for Lease

    • $9,500 /Mo
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      Daytona Beach Shores Restaurant Opportunity

      Restaurant space for lease in Daytona Beach Shores, Florida.
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    • $3,995 /Mo
      2,455 SF

      Daytona Beach Shores Commercial Building

      Freestanding 2,455 SF commercial building with three drive-thru lanes.
      2416 S Atlantic Ave, Daytona Beach, FL 32118
      View Details
    • $10 SF/Yr
      5,544 SF

      Seabreeze Blvd Retail Opportunity

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    • Contact for pricing
      15,360 SF

      Daytona Beach Executive Office Suite

      Prime Beachfront Office Space, High Visibility
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    • Contact for pricing
      3,000 SF

      Daytona Beach Retail Space Available

      Retail space available in Daytona Beach shopping center.
      2429 N Atlantic Ave, Daytona Beach, FL 32118
      View Details
    • $5,789 /Mo
      3,004 SF

      Daytona Beach Retail Space Available

      Retail space for lease in Daytona Beach, Florida.
      2216 S Atlantic Ave, Daytona Beach, FL 32118
      View Details
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    2043 Atlantic Ave
    Daytona Beach, FL 32118-5007
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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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