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Property profile & analytics
FOR SALE
Investment properties
515 N Atlantic Ave Daytona Beach, FL 32118
Individually Owned
1-yr Hold
Free & Clear
Property ID
US18-3373159
For Sale
1 / 21
$324,000
515 N Atlantic Ave, Daytona Beach, FL 32118
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
22,048 SF
Lot
3.1 ac (135,100 SF)
Zoning code
T1
APN
5309-15-02-0180
UPID
US18-3373159
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
-
Volusia County Beach Safety Headquarters County Government Office
-
Daytona Beach Resort
-
Italian Pizza & Grill (Ungiro) Restaurant
-
Rent Me Daytona, LLC | Golf Cart Rentals Golf Cart Dealer Scooter Rental Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.19M
Comparable Approach
Comparable
$6.65M
Blend (final)
Blend
$5.50M
Owner & transaction history
Melisa R Mayberry · 1 yrs held
Melisa R Mayberry
since 2025
2 recorded transactions
Zoning & alternative use
T1 · Daytona Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$6.6M
+64.7%
Auto repair, garage
$5.5M
+37.6%
Restaurant
$4.7M
+18.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Daytona Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Daytona Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,540,000
6.5%
$4,190,000
7%
$3,890,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,980,000
Current use
WAREHOUSE, STORAGE
$6,560,000
Change: +65% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,480,000
Change: +38% · Conversion: Difficult
RESTAURANT
$4,730,000
Change: +19% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,675,000
Change: +17% · Conversion: Difficult
MEDICAL BUILDING
$4,310,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$5.50M
Range $4.95M – $6.05M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$249 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$8,121,477
Assessed 2023
Previous assessed
$6,827,817
+18.9% YoY
Assessed land
$4,863,600
Assessed improvement
$3,257,877
Land market value
$4,863,600
Improvement market value
$3,257,877
Total market value
$8,121,477
Applied tax rate
204.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Sale
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Total area
22,048 SF
Lot
3.1 ac (135,100 SF)
Zoning code
T1
APN
5309-15-02-0180
UPID
US18-3373159
Jurisdiction
VOLUSIA
Zoning & alternative use
T1 · Daytona Beach, FL
Zoning T1 · permitted uses
T1 · Daytona Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Daytona Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.0M
WAREHOUSE, STORAGE
Est. value
$6.6M
AUTO REPAIR, GARAGE
Est. value
$5.5M
RESTAURANT
Est. value
$4.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.7M
MEDICAL BUILDING
Est. value
$4.3M
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Lot
3.1 ac
Current owner
From public records · entity-resolved
Melisa R Mayberry
Individual
Free & Clear · 1 yrs held
Mailing address
123 W INDIANA AVE, DELAND, FL 32720-4615
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2025
—
Melisa R Mayberry
William B Freeman
Quitclaim Deed
related
—
Apr 17, 2025
—
Irene Kypreos Koutouzis
Irene Koutouzis Koutouzis
Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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