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Property profile & analytics
FOR LEASE
Retail space

537 North Atlantic Ave Daytona Beach, FL 32118

6,765 SF 1.2 ac lot Built 1990
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US18-8012037
Property summary
AI-generated overview

This exceptional Daytona Beach retail property presents a unique investment opportunity. The offering includes a 7,200 square foot existing building currently operating as a souvenir shop, situated on a substantial 52,119 square foot (1.2 acre ±) parcel. A significant ground lease opportunity of approximately 14,000 square feet is also available on this prime beachfront land. The property is zoned BR-1, offering flexibility for a variety of retail uses. The existing building's proximity to a newly leased adjacent parcel, soon to house a Dollar General, promises increased foot traffic and enhanced visibility. This single-story building has no elevators. The property's location on North Atlantic Avenue in Daytona Beach, Florida (zip code 32118), places it in a high-demand tourist area with excellent access and visibility. This combination of an existing income-generating property and a substantial ground lease opportunity makes this a compelling investment prospect for savvy entrepreneurs seeking a foothold in a thriving coastal market. The property's size and location offer significant potential for future development and expansion.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1990
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,765 SF
Lot 1.2 ac (52,119 SF)
APN 5305-01-39-0020
UPID US18-8012037
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
  • Sky Souvenirs Gift Shop Souvenir Store
  • SITE Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$980k
Comparable Approach Comparable
$1.15M
Blend (final) Blend
$985k
Owner & transaction history
Dolgencorp LLC · 1 yrs held
Dolgencorp LLC
since 2024
7 recorded transactions
2024
Price N/A
2020
Price N/A
2015
$4.6M
2010
Price N/A
2007
$4.0M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $1.5M +73.5%
Neighborhood: shopping center $1.4M +71.5%
Medical building $1.3M +58.1%
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