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    Property profile & analytics

    345 Atlantic Ave Daytona Beach, FL 32118

    • Commercial real estate
    • 1.13 lot acres
    For Sale
    View listing
    $4,500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0280632
    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

    • Commercial real estate

    Property Details for 345 Atlantic Ave

    Lot size
    1.13 lot acres
    Property type
    Commercial real estate
    APN
    09153309010020 & 09153309010010

    Description

    This exceptional 1.13-acre oceanfront development site in Daytona Beach, Florida, presents a rare investment opportunity. Located at 345 S Atlantic Ave, the property (APN 09153309010020 & 09153309010010) is zoned T1 tourist accommodation, allowing for diverse development options including condos and rentals. Currently featuring a single-family home, the site boasts R-40 density with potential for increased density through the PUD/PRD process. The existing seawall, undamaged by recent storms, promises a streamlined development timeline. This prime location is adjacent to a new oceanfront restaurant complex, including Crabby's and Landshark Bar & Grille, ensuring high visibility and foot traffic. Offered at $4,500,000, this is one of the last three remaining oceanfront development sites within the core 12 miles of Daytona Beach's coastline, making it an unparalleled opportunity for significant returns. The property's strategic location, zoning flexibility, and proximity to established amenities make it an ideal choice for discerning investors seeking a high-impact coastal development project. The Volusia County location and 32118 zip code further enhance its appeal. Don't miss this chance to acquire a piece of Daytona Beach's coveted oceanfront real estate.

    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
    -81.0043639
    Latitude
    29.2205385

    Comparable in this City

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      Commercial Land Available

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      Waterfront Land Approved For Marina

      Waterfront property approved for marina and condo development.
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      View Details

    Similar Nearby for Sale

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    • $75,000
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      Daytona Beachside Acre Available

      One acre commercial land available on Daytona Beachside.
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      Oceanfront Development Opportunity in Daytona

      Rare oceanfront land for development in Daytona Beach, Florida.
      2100 S Atlantic Ave, Daytona Beach, FL 32118
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    • $3,800,000
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      Daytona Beach Oceanfront Land Parcel

      Prime oceanfront lot in Daytona Beach Shores community.
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    Similar Nearby for Lease

    • Contact for pricing

      Daytona Beach Commercial Land Opportunity

      Beachfront Land: Build-to-Suit or Lease
      1102 Atlantic Ave, Daytona Beach, FL 32118
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    • $20 SF/Yr
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      Beachside Office Space For Lease

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      Seabreeze Blvd Retail Opportunity

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      Daytona Beach Waterfront Condo Units

      18 units in 39-unit building with waterfront access.
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      Upscale Daytona Office Space Available

      Professional office building with ocean views, convenient location.
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    • $2,072 /Mo
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      Renovated Office Building with Ocean Views

      Renovated office building in Daytona Beach with ocean views.
      140 S Atlantic Ave, Daytona Beach, FL 32118
      View Details
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    345 Atlantic 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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