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Property profile & analytics
FOR LEASE
Investment properties

400 S Atlantic Ave Ormond Beach, FL 32176

30,864 SF 2.45 ac lot Built 1984
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US18-6050034
Property summary
AI-generated overview

Aliki Plaza, located at 400 S Atlantic Ave, Ormond Beach, FL 32176, offers 29,730 square feet of versatile commercial space in a two-story building. This prime location boasts high visibility on a busy Ormond Beach road, providing excellent exposure to both local residents and tourists. The property features a mix of office space types, including traditional, executive, medical, and creative office suites, accommodating diverse business needs. Currently, there are 21 suites, with 4,300 square feet of vacant space available, including one 1,200 square foot unit. The building includes one elevator for convenient access to both floors. Its proximity to the Atlantic Ocean offers a unique blend of business and coastal tranquility. The property is suitable for multiple tenants and presents a significant opportunity for businesses seeking a prominent location in a vibrant beachside community. The building's design and location cater to a variety of businesses, from retail to restaurants, making it an attractive option for a wide range of commercial enterprises. This is a chance to establish a presence in a high-traffic area with exceptional visibility and a desirable coastal setting.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1984
Construction CONCRETE
Total area 30,864 SF
Lot 2.45 ac (106,548 SF)
APN 4223-02-08-0090
UPID US18-6050034
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
Current use
Occupant on record · Public records
  • The Airline Academy Vocational School Training Center
  • AMERICAN ENERGY AND CONSTRUCTION LLC Roofing Company General Contractor
  • American Diabetic Supply Inc Medical Supply Store Pharmacy
  • Marley International, LLC Logistics Company Freight Service
  • Ian Anderson - The Dream Homes Team Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$5.87M
Comparable Approach Comparable
$4.55M
Blend (final) Blend
$4.36M
Owner & transaction history
Aliki Plaza Of Ormond Beach LLC · 7 yrs held
Aliki Plaza Of Ormond Beach LLC
since 2019
2 recorded transactions
2019
$2.7M
2014
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $5.5M +19.8%
Neighborhood: shopping center $5.5M +19.7%
Retail stores $4.8M +5.0%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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