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    3624 S Atlantic Ave Daytona Beach Shores, FL 32118
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    3624 S Atlantic Ave, Daytona Beach Shores, FL 32118

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    • Parking lots & garages
    • 6,132 SF
    • 0.24 lot acres
    For Lease
    $350/Mo
    View Listing →
    Daytona Beach Shores Storage Unit For Lease
    $350/Mo
    7,118 SF

    Daytona Beach Shores Storage Unit

    28' x 12' garage storage unit near the beach.

    3624 S Atlantic Avenue, Daytona Beach Shores, FL 32118
    View Listing
    Property ID
    US19-0534553
    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.
    Value Estimations
    $1,115,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • HIG Insurance / Insurance Agency
    • Beachside Title / Insurance Agency
    • Ardd + Winter Daytona Beach / Corporate Office
    • Coastal Lending Services Inc / Financial Advisor
    • Matthew Beaudet NMLS#2141846 Coastal Lending Services, Inc. / Loan Service / Bank

    Property Details for 3624 S Atlantic Ave

    Year built
    1969
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.24 lot acres
    Zone code
    GC
    Property type
    Parking lots & garages
    APN
    6302-05-10-0110
    APU
    630205100110

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 24, 2022 $1,125,000 Obrien Real Estate LLC Riverside 3624 LLC Warranty Deed $880k · Grow Financial FCU
    May 13, 2021 $450,000 Riverside 3624 LLC Crane INC Warranty Deed —
    Apr 27, 2012 $450,000 Crane INC Of Volusia Edenfield,richard M & Sandra W Warranty Deed —
    Jun 24, 2011 $100 Richard M Edenfield Sotolongo,jim Coc Trustees Deed · related —
    Sep 14, 2009 — Abdul Rifai Sotolongo,jim Quit Claim Deed · related —
    Sep 19, 2008 — Jim Sotolongo Sotolongo,jim Quit Claim Deed · related $850k · Richard M & Sandra W Edenfield
    Apr 10, 2007 — Abdul Rifai Mencis,christopher J Quit Claim Deed · related —
    Aug 19, 2005 $850,000 Christopher J Mencis Fdn Lc Warranty Deed $760k · Fdn Lc
    Aug 5, 1998 $270,000 Fdn Lc Smith,grover T Grant Deed $106k · Seller
    — — Christopher J Mencis — Deed Of Trust · related $100k · Richard M & Sandra W Edenfield

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,040,000
      ML approach
      $1,035,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,248,000
      Market price range: $48.7k - $2.07M

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

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -80.9676
    Latitude
    29.1477
    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
    $10,826
    $115,500
    $524,657
    $640,157
    -
    $115,500
    $524,657
    $640,157

    Comparable in this City

    • Value Estimation by Request
      0.09 Acres

      216 Atlantic Ave

      RESIDENTIAL PARKING GARAGE
      216 Atlantic Ave, Daytona Beach, FL 32118
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    • Value Estimation by Request
      0.28 Acres

      14 Hollywood Ave

      RESIDENTIAL PARKING GARAGE
      14 Hollywood Ave, Daytona Beach, FL 32118
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    • Value Estimation by Request
      750 SF

      616 Harvey Ave

      PARKING GARAGE, PARKING STRUCTURE
      616 Harvey Ave, Daytona Beach, FL 32118-4340
      View Details
    • Value Estimation by Request
      491,480 SF

      422 Atlantic Ave

      PARKING GARAGE, PARKING STRUCTURE
      422 Atlantic Ave, Daytona Beach, FL 32118-3925
      View Details
    • Value Estimation
      $10,540,000
      163,140 SF

      501 Atlantic Ave

      PARKING GARAGE, PARKING STRUCTURE
      501 Atlantic Ave, Daytona Beach, FL 32118-3926
      View Details
    • Value Estimation
      $4,850,000
      1.06 Acres

      Grandview Ave

      RESIDENTIAL PARKING GARAGE
      Grandview Ave, Daytona Beach, FL 32118
      View Details

    Similar Nearby for Sale

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    • $599,000
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      Daytona Beach Shores Mixed-Use Property

      Mixed-use property with car wash, retail, and residential unit.
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      Daytona Beach Commercial 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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    • Contact for pricing
      2,222 SF

      Historic Mixed-Use Building For Sale

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    Similar Nearby for Lease

    • $15 SF/Yr

      Daytona Beach Retail/Restaurant Opportunity

      Retail/Restaurant property with high visibility and traffic in Daytona Beach.
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    • $20 SF/Yr
      1,250 SF

      Beachside Retail Space in Daytona

      Highly visible commercial space near the Atlantic Ocean.
      3400 S Atlantic Ave, Daytona Beach, FL 32118
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    • $2,800 /Mo
      3,870 SF

      Daytona Beach Shores Commercial Building

      Two-story, renovated commercial building in Daytona Beach Shores.
      2008 S Atlantic Ave, Daytona Beach Shores, FL 32118
      View Details
    • Contact for pricing
      2,592 SF

      Daytona Beach Retail Space Available

      Retail space for lease in Daytona Beach, Florida.
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      View Details
    • $16 SF/Yr

      Daytona Beach Retail Building

      5,624 SF retail building on beachside in Daytona Beach.
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    • Contact for pricing

      Daytona Beachside Office/Retail Space

      Office and retail spaces available in Daytona Beach, Florida.
      201 Seabreeze Blvd, Daytona Beach, FL 32118
      View Details
    View Listing
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    Daytona Beach Shores, 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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    3624 S Atlantic Ave, Daytona Beach Shores, FL, 32118
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