Oceanfront Hotel With Resort
For Sale
$9,000,000
Pending
1025 S ATLANTIC AVENUE, Daytona Beach, FL 32118
The resort includes a pool, jacuzzi, café, event suite, and private balconies or patios facing the Atlantic.
Property Size76,021 SF
Lot Size1.55 Acres
Days on Market62
Property Features for 1025 S ATLANTIC AVENUE
General Information
Standard status
Pending
Size
76,021 SF
Lot size
1.55 Acres
Property subtype
Commercial
Zoning
T-1
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$88,716
Amenities
pool
jacuzzi
recreational area
café
event suite
private balconies or patios
Central air
Pool
Public Pool
Central Air Cooling
Building Details
Year Built
1971
Tenancy
Multi
Listing Agency:
MAVREALTY
(727) 314-3942
Listed By:
ROBERT KIRKWOOD, IV · License #3376813
Source:
Corcoran
Added: Jul 1
Changed: Aug 30
Last Checked: Aug 30 at 6:27PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MAVREALTY
Investment Insights
Based on property information with market context.
Silver Beach Club Resort is a 73-unit hospitality property containing 76,021 SF on approximately 1.55 acres. The oceanfront asset has 185 feet of direct Atlantic frontage, with private balconies or patios oriented toward the water. On-site amenities include a pool, jacuzzi, recreational area, café, and event suite.
The property occupies the corner of Atlantic Ave and Silver Beach Ave in Daytona Beach’s tourist corridor. T-1 Tourist zoning supports hotel and motel use along with redevelopment flexibility. Originally configured as a 112-unit hotel, the resort was later converted to timeshare use during the 1980s and may be reconfigured toward its former unit count, subject to applicable approvals.
The property occupies the corner of Atlantic Ave and Silver Beach Ave in Daytona Beach’s tourist corridor. T-1 Tourist zoning supports hotel and motel use along with redevelopment flexibility. Originally configured as a 112-unit hotel, the resort was later converted to timeshare use during the 1980s and may be reconfigured toward its former unit count, subject to applicable approvals.
Key Highlights
- 73‑unit resort with 76,021 SF of improvements
- 1.55± acres with 185 feet of direct Atlantic frontage
- T‑1 Tourist zoning allows hotel/motel use and redevelopment flexibility
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$272,991
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,459,820
$5.5M
Cap Rate 7%
$3,899,871
$3.9M
Cap Rate 9%
$3,033,233
$3.0M
Market Conditions
NOI Build-Up for 76,021 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$1.37M $18.00/SF
− Vacancy
−$793.7K −$10.44/SF
EGI
$574.7K $7.56/SF
− OpEx
−$301.7K −$3.97/SF
NOI
$273.0K $3.59/SF
Area
Volusia County, FL
Vacancy
58.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,459,820
Cap Rate 7%
$3,899,871
Cap Rate 9%
$3,033,233
Alternative Uses
Best Use
Hotel Hospitality
$3.90M
$3.41M – $4.55M
NOI $272,991 @ 7.0% cap · market cap 3.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$22.42M
$19.61M – $26.15M
NOI $1,569,073 @ 7.0% cap · market cap 17.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
344
Businesses Nearby
Explore this area
Business Placement
Demographics for 32118, FL
17,906
Population
16,390
Households
1.1
Avg Household Size
58
Median Age
31%
College-Educated
94%
High-School Grad
4.2 sq mi
ZIP Area
4,263
Density / Sq Mi
$60,418
Median Household Income
$36,153
Median Earnings
$1,283
Median Rent
$339,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - The resort includes a pool, jacuzzi, café, event suite, and private balconies or patios facing the Atlantic.
Where is this hotel located?
The property is located at 1025 S ATLANTIC AVENUE Daytona Beach, FL.
What is the asking price?
The asking price for this property is $9,000,000.
What are key features of this property?
This property features: 73‑unit resort with 76,021 SF of improvements; 1.55± acres with 185 feet of direct Atlantic frontage; T‑1 Tourist zoning allows hotel/motel use and redevelopment flexibility
