Renovated Extended-Stay Hotel Investment
1215 n Atlantic Ave Unit Daytona Beach Daytona Beach, FL 32118
1215 n Atlantic Ave Unit Daytona Beach, Daytona Beach, FL, 32118
$2,900,000
For Sale
$2,900,000
RECESSION-RESILIENT EXTENDED-STAY HOTEL — CASH FLOW IN ANY MARKET
Property Size33,000 SF
Lot Size0.73 Acres
Price / SF$87.88
Days on Market187
Property Features for 1215 n Atlantic Ave Unit Daytona Beach
General Information
- Standard status
- Active
- Property type
- Motels, Multifamily properties, Hospitality properties, Residential income properties
- Size
- 33,000 SF
- Net Rentable
- 33,000 SF
- Class
- B
- Total Parking Spaces
- 44
- Lot size
- 0.73 Acres
- Occupancy
- 100%
- Sale Condition
- 1031 Exchange
- Investment Type
- Stabilized
- Net Operating Income
- $427,000
Building Details
- Year Built
- 1955
- Year Renovated
- 2023
- Buildings
- 1
- Stories
- 2
- Units
- 44
Listing Office
SERHANT
(386) 679-0888
Listed by
Dino · License #SL3221388
(386) 679-0888
Added: Jan 14 Updated: Mar 16 at 9:06 am
Investment Insights
Based on property information with market context.
This recently renovated extended-stay boutique hotel offers durable demand and operational flexibility. The two-story exterior-corridor hotel has 44 units and a rentable building area of 20,890 square feet, situated on nearly one acre. The property is suitable for workforce housing, insurance displacement, traveling professionals, medical stays, construction crews, and long-term leisure guests. Renovated in 2024, the property blends classic Florida charm with modern expectations, including high-speed internet, public Wi-Fi, and a smoke-free environment. It features an outdoor patio. The property is conveniently located near transportation hubs, including Deland Amtrak (46 min drive), Debary (49 min drive), Sanford (56 min drive), and Daytona Beach International Airport (18 min drive). The hotel is well-positioned within the market, offering a balance of affordability and comfort. A parking ratio of 1.91 spaces per 1,000 square feet ensures ample parking for guests. The 0.73-acre lot size provides potential for future expansion or additional amenities. The property is located in Daytona Beach, Florida.
Key Highlights
- Investment Highlights for Charming Boutique Hotel
- Prime Location:
- Convenient Access: Situated within easy reach of major transportation hubs, including Deland Amtrak (46 min drive), Debary (49 min drive), Sanford (56 min drive), and Daytona Beach International Airport (18 min drive).
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $510.8k | $15.48 |
| − Vacancy | −$53.6k | −$1.63 |
| EGI | $457.2k | $13.85 |
| − OpEx | −$205.7k | −$6.23 |
| NOI | $251.5k | $7.62 |
33,000 SF · lease $15.48/SF/yr · vacancy 10.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.59M
$3.14M – $4.19M
NOI $251,461 @ 7.0% cap · market cap 8.67%
Second Best
Hotel Hospitality
$1.69M
$1.48M – $1.98M
NOI $118,503 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$9.73M
$8.51M – $11.35M
NOI $681,120 @ 7.0% cap · market cap 23.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
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
Similar For Sale Nearby
Similar Off Market Nearby
- Ocean Breeze Club Hotel — 640 n atlantic ave, daytona beach, fl 32118
- Plaza Resort & Spa Condominium Association, Inc. — 600 N Atlantic Ave, Daytona Beach, FL 32118
- The Jackson — 509 Seabreeze Blvd, Daytona Beach, FL 32118
- Coconut Palms — 716 N Halifax Ave, Daytona Beach, FL 32118
- Boykin Management Company — 600 N Atlantic Ave, Daytona Beach, FL 32118
FAQs
What type of property is this?
Motel - RECESSION-RESILIENT EXTENDED-STAY HOTEL — CASH FLOW IN ANY MARKET
Where is this motel located?
The property is located at 1215 n Atlantic Ave Unit Daytona Beach Daytona Beach, FL.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Investment Highlights for Charming Boutique Hotel; Prime Location:; Convenient Access: Situated within easy reach of major transportation hubs, including Deland Amtrak (46 min drive), Debary (49 min drive), Sanford (56 min drive), and Daytona Beach International Airport (18 min drive).
