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    400 S Atlantic Ave Ormond Beach, FL 32176
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    Property profile & analytics

    400 S Atlantic Ave, Ormond Beach, FL 32176

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    • Investment properties
    • 30,864 SF
    • 2.45 lot acres
    For Lease
    $16 SF/Yr
    View Listing →
    Prime Beachside Business Opportunity For Lease
    $16 SF/Yr

    Prime Beachside Business Opportunity

    Two-story commercial space in Ormond Beach, high visibility location.

    400 S Atlantic Ave, Ormond Beach, FL 32176
    View Listing
    Property ID
    US18-6050034
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 400 S Atlantic Ave

    Year built
    1984
    Construction
    CONCRETE
    Lot size
    2.45 lot acres
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    4223-02-08-0090
    APU
    422302080090

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,355,000
      6.5%
      $5,865,000
      7%
      $5,445,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,545,000
      Market price range: $2.37M - $9.60M
      AI Estimate
      $2,655,000
      Market price range: $817k - $4.56M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $4,615,000
      Current use
      MEDICAL BUILDING
      $5,530,000
      Change: +20% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $5,525,000
      Change: +20% Conversion: Difficult
      RETAIL STORES
      $4,845,000
      Change: +5% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $4,000,000
      Change: -13% Conversion: Moderate
      WAREHOUSE, STORAGE
      $3,785,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Ormond Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.0354
    Latitude
    29.2815
    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
    $44,342
    $559,377
    $2,156,171
    $2,715,548
    -
    $559,377
    $2,156,171
    $2,715,548

    Comparable in this City

    • Value Estimation by Request
      467 SF

      621 Atlantic Ave, Unit CU-6

      STORE/OFFICE (MIXED USE)
      621 Atlantic Ave, Ormond Beach, FL 32176-7715
      View Details
    • Value Estimation
      $1,150,000
      7,374 SF

      730 Atlantic Ave

      STORE/OFFICE (MIXED USE)
      730 Atlantic Ave, Ormond Beach, FL 32176-7891
      View Details
    • Value Estimation
      $3,675,000
      26,682 SF

      140 Atlantic Ave

      STORE/OFFICE (MIXED USE)
      140 Atlantic Ave, Ormond Beach, FL 32176-6653
      View Details
    • Value Estimation
      $695,000
      4,050 SF

      160 Granada Blvd

      STORE/OFFICE (MIXED USE)
      160 Granada Blvd, Ormond Beach, FL 32176-6665
      View Details
    • Value Estimation by Request
      1,386 SF

      720 Atlantic Ave

      STORE/OFFICE (MIXED USE)
      720 Atlantic Ave, Ormond Beach, FL 32176-7883
      View Details
    • Value Estimation by Request
      1,768 SF

      224 Vining Ct

      STORE/OFFICE (MIXED USE)
      224 Vining Ct, Ormond Beach, FL 32176-6656
      View Details

    Similar Nearby for Sale

    • $299,000
      0.28 Acres

      Beachside Vacant Lot Opportunity

      Rare beachside vacant lot, build your dream home!
      151 Avalon Dr, Ormond Beach, FL 32176
      View Details
    • Contact for pricing
      1,214 SF

      Upgraded Unit Near the Beach

      Two-bedroom, two-bath unit with upgrades and beach proximity.
      5500 Ocean Shore Blvd, Ormond Beach, FL 32176
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    • $699,000

      Land For Sale

      Land available on John Anderson Drive, Ormond Beach, Florida.
      3780 John Anderson Dr, Ormond Beach, FL 32176
      View Details
    • $699,000
      1.55 Acres

      Halifax Riverfront Land Opportunity

      Rare 1.55 acre lot with Halifax River shoreline.
      3780 John Anderson Dr, Ormond Beach, FL 32176
      View Details
    • $199,000
      0.12 Acres

      Ormond Beach Beachside Land

      Beachside land in Ormond Beach, close to amenities and recreation.
      142 Holland Rd, Ormond Beach, FL 32176
      View Details
    • Contact for pricing
      Pending

      Beachside Condo with Fireplace

      Spacious two-story condo near beach, parks, shopping, and dining.
      60 N Halifax Dr, Ormond Beach, FL 32176
      View Details

    Similar Nearby for Lease

    • $2,329 /Mo
      1,433 SF

      Ormond Beach Medical/Professional Offices

      Medical/professional offices in prime Ormond Beach location.
      1184 Ocean Shore Blvd, Ormond Beach, FL 32176
      View Details
    • $2,187 /Mo
      1,232 SF

      Beachside Retail/Office Space Available

      Versatile 1,232 SF suite in Ormond Beach, Florida.
      1452 Ocean Shore Blvd, Ormond Beach, FL 32176
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space on Granada Boulevard

      Retail space with high visibility and recent facade renovation.
      155-251 E Granada Blvd, Ormond Beach, FL 32176
      View Details
    • Contact for pricing
      2,122 SF

      Prime Retail Space Available

      Retail spaces available in recently renovated Ellinor Village Shopping Center.
      616-620 S Atlantic Ave, Ormond Beach, FL 32176
      View Details
    • $2,500 /Mo
      2,710 SF

      Ormond Beach Commercial Space Available

      Adaptable commercial space in a sought-after beachside location.
      202 S Atlantic Ave, Ormond Beach, FL 32176
      View Details
    • $2,900 /Mo
      4,533 SF

      Ormond Beach Office Space Available

      Beachside office space with unique vault feature for lease.
      1010 Ocean Shore Blvd, Ormond Beach, FL 32176
      View Details
    View Listing
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    Ormond Beach, FL 32176
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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.

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