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    Daytona Beach Ranch Motel Title is generated by Realmo AI

    1028 Ridgewood Avenue, Holly Hill, FL 32117

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    For Sale
    $951,000

    COMMERCIAL - Holly Hill, FL

    Property size:
    3,832 SF
    Lot size:
    0.40 Acres
    Price / SF:
    $248/SF
    Added:
    May 15, 2026
    Days on Market:
    2
    Last Refresh:
    May 16 at 9:06 am

    Property Features for 1028 Ridgewood Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    12
    Rooms
    Bathroom 3, Bathroom 12, Bathroom 2, Bathroom 11, Bathroom 9, Bathroom 4, Bathroom 6, Bathroom 8, Bathroom 1, Bathroom 10, Bathroom 7, Bathroom 5
    Parking features
    Parking Lot, Carport
    Fencing
    Privacy, Fenced, Chain Link
    Standard status
    Active
    APN
    4242-62-05-0060
    Size
    3,832 SF
    Lot size
    0.40 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOTS 6 & 7 EXC HWY & LOTS 10 & 11 & ADJ VACATED ST BLK E AVONDALE PARK HOLLY HILL MB 6 PG 166 PER OR 4769 PG 4432 PER OR 5335 PG 3987 PER OR 6411 PG 1092
    Tax Annual Amount
    2848

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Wall/Window Unit(s), Zoned, Wall Unit(s), Ceiling Fan(s), Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1952
    Floors in Building
    1
    Number of units
    12
    Flooring type
    Vinyl, Terrazzo, Carpet, Concrete, Tile
    Building materials
    Block, Brick, Cement Siding, Concrete, Stucco
    Roof type
    Shingle, Tile

    We can help!

    Listing Contact
    Terry Sitaram
    Terry Sitaram

    Listing agent Terry Sitaram License #3092297

    Listing office Realty Pros Commercial 140 S Atlantic Ave. Ste 202, Daytona Beach, FL

    Listing date May 15, 2026

    MLS# 1226473

    Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Turn‑key 12‑unit motel with owner's apartment and several 5‑star TripAdvisor reviews.
    • Prime location directly in front of Daytona Pictona Field, attracting high tourist traffic.
    • New roof.
    • Walking distance to the river, beaches, shops, restaurants, and state parks.
    • Situated in a growing business area near YMCA and Holly Hill Outpost.
    • Retro vibe and laid‑back atmosphere appealing to vacationers.

    Overview

    The Ranch Motel is a 12-unit establishment with an owner's apartment, situated in Daytona Beach near LPGA Boulevard, providing convenient access to the Tanger Outlets. Located directly in front of the Daytona Pictona Field, the motel benefits from high traffic from tourists and players. Guests can enjoy views and walking distance to the river. The motel is close to beaches, fishing spots, beachside shops, waterfront restaurants, and state parks. The property's atmosphere and retro vibe make it a destination for vacationers. This is a turn-key operation with several 5-star reviews. The motel is in a growing business area, with the YMCA located across the street and the Holly Hill Outpost directly opposite. The property has a new roof. The lot size is 0.4 acres and the property size is 3832 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Indian Palms Motel — 828 Ridgewood Ave, Daytona Beach, FL 32117
    • Twi Light Motel — 712 Ridgewood Ave, Daytona Beach, FL 32117
    • Cozy Villa Motel — 502 Ridgewood Ave, Holly Hill, FL 32117
    • Bill Elvey — 863 E Colonial Dr, Daytona Beach, FL 32119
    • Rainbow Apartments — 690 Westward Cir, Daytona Beach, FL 32117

    Location Insight

    • Map
    • Local Demand
    City
    Holly Hill
    County
    Volusia
    State
    Florida
    Longitude
    -81.0584
    Latitude
    29.2334

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    FAQs

    What type of property is this?
    Motel - Turn-key 12-unit motel with owner's apartment near Daytona Pictona.
    Where is this motel located?
    The property is located at 1028 Ridgewood Avenue Holly Hill, FL.
    What is the asking price?
    The asking price for this property is $951,000.
    What are key features of this property?
    This property features: Turn‑key 12‑unit motel with owner's apartment and several 5‑star TripAdvisor reviews.; **Prime location directly in front of Daytona Pictona Field, attracting high tourist traffic.**; New roof.
    (386) 237-4444
    We can help!
    Listing Contact
    Terry Sitaram
    Terry Sitaram
    Real Estate License ID: 3092297
    Learn More
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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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