Technical
Financial
Distress signals
Property profile

374 Atlantic Ave Ormond Beach, FL 32176

OFF-MARKET
Investment properties
Property ID
US18-4900603
4,361 SF 0.31 ac lot Built 1949
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Ormond Beach commercial property, located at 374 S Atlantic Avenue, presents a unique redevelopment opportunity. The 4,361 square foot building, constructed in 1949, sits on a generous 13,651.7 square foot lot. Currently configured as a mix of retail and office spaces, the property offers significant potential for a variety of uses. The building features five small offices in the rear and four retail spaces with prominent display windows facing Atlantic Avenue, ensuring high visibility and excellent traffic exposure. Ample parking is available both in front and behind the building. The property is priced at $469,000, translating to approximately $100 per square foot. The existing structure requires complete renovation or demolition, making it ideal for an investor or developer seeking a blank canvas to create a modern, high-impact commercial space. The property's location on bustling South Atlantic Avenue in Ormond Beach, Florida (zip code 32176), offers unparalleled access to a thriving community and high foot traffic. Cash offers are preferred. This is a rare chance to acquire a substantial commercial property in a prime location at a highly competitive price. The single-story building presents a straightforward redevelopment project with significant upside potential. Don't miss this opportunity to capitalize on the vibrant Ormond Beach market.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1949
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,361 SF
Lot 0.31 ac (13,650 SF)
APN 4223-02-08-0170
UPID US18-4900603

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Law Firm
  • Real Estate Agency
  • Advertising Agency Marketing & Advertising

Location

374 Atlantic Ave Ormond Beach, FL 32176-8198
Ormond Beach metro Census 80500 DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2025
Last sale
$400,000
4 recorded transactions
2025
$400,000
2021
Price N/A
2013
$229,000
2009
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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