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    1215 n Atlantic Ave, Unit daytona beach Daytona Beach, FL 32118

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    Sponsored
    For Sale
    $2,900,000

    RECESSION-RESILIENT EXTENDED-STAY HOTEL — CASH FLOW IN ANY MARKET

    Property size:
    33,000 SF

    Property Features for 1215 n Atlantic Ave

    General Information

    Sale Condition
    1031-exchange
    Property type
    Motels
    Investment Type
    stabilized
    Square Feet
    33,000 SF
    Class
    B
    Total Parking Spaces
    44
    Net Rentable
    33,000 SF
    Lot Size
    31,799 SF
    Occupancy
    100%
    Net Operating Income
    $427,000

    Building Details

    Year Built/Renovated
    1955/2023
    Buildings
    1
    Stories
    2
    Units
    44

    Overview

    Renovated Extended-Stay Hotel Investment Opportunity

    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.

    We can help!

    Listing Contact
    Dino Dodani

    Learn more

    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). Proximity to Attractions: Close to popular destinations and attractions, making it an ideal choice for travelers and tourists. Renovated and Modernized: Recent Renovation: Fully renovated in 2024, offering modern amenities while preserving the hotel's vintage charm. Updated Infrastructure: High‑speed internet access, public access wifi, and a smoke‑free environment cater to today's discerning guests. Spacious and Comfortable: Ample Space: The hotel boasts 20,890 square feet of space across two stories, providing plenty of room for guests to relax and enjoy their stay. Outdoor Amenities: Features a delightful patio area for guests to unwind and socialize. Strong Market Position: Building Class C: Well‑positioned within the market, offering a balance of affordability and comfort. Parking Availability: A parking ratio of 1.91 spaces per 1,000 square feet ensures ample parking for guests. Attractive Financials: Revenue Potential: With a competitive rental rate and the ability to attract a steady stream of guests, the hotel offers strong revenue potential. Operational Efficiency: The recent renovations and modern amenities contribute to efficient operations and reduced maintenance costs. Growth Opportunities: Expansion Possibilities: The 0.91‑acre lot size provides potential for future expansion or additional amenities. Market Demand: The hospitality market in the area is growing, driven by tourism and business travel, offering potential for increased occupancy rates. Investment Security: Solid Asset: Owning a well‑maintained and recently renovated property in a prime location provides a secure and attractive investment opportunity. Long‑Term Value: The hotel's combination of modern amenities, prime location, and spacious accommodations ensures long‑term value and growth potential. Contact us today to learn more about this exciting investment opportunity and to schedule a tour of this charming boutique hotel.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Motels

    Map

    City
    Daytona Beach
    State
    Florida
    Longitude
    -81.01791
    Latitude
    29.2463013

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    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). Proximity to Attractions: Close to popular destinations and attractions, making it an ideal choice for travelers and tourists. Renovated and Modernized: Recent Renovation: Fully renovated in 2024, offering modern amenities while preserving the hotel's vintage charm. Updated Infrastructure: High-speed internet access, public access wifi, and a smoke-free environment cater to today's discerning guests. Spacious and Comfortable: Ample Space: The hotel boasts 20,890 square feet of space across two stories, providing plenty of room for guests to relax and enjoy their stay. Outdoor Amenities: Features a delightful patio area for guests to unwind and socialize. Strong Market Position: Building Class C: Well-positioned within the market, offering a balance of affordability and comfort. Parking Availability: A parking ratio of 1.91 spaces per 1,000 square feet ensures ample parking for guests. Attractive Financials: Revenue Potential: With a competitive rental rate and the ability to attract a steady stream of guests, the hotel offers strong revenue potential. Operational Efficiency: The recent renovations and modern amenities contribute to efficient operations and reduced maintenance costs. Growth Opportunities: Expansion Possibilities: The 0.91-acre lot size provides potential for future expansion or additional amenities. Market Demand: The hospitality market in the area is growing, driven by tourism and business travel, offering potential for increased occupancy rates. Investment Security: Solid Asset: Owning a well-maintained and recently renovated property in a prime location provides a secure and attractive investment opportunity. Long-Term Value: The hotel's combination of modern amenities, prime location, and spacious accommodations ensures long-term value and growth potential. Contact us today to learn more about this exciting investment opportunity and to schedule a tour of this charming boutique hotel.
    (386) 679-0888
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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.

    More about this property
    1215 n Atlantic Ave, Unit daytona beach Daytona Beach, FL 32118
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    Listing Contact
    Dino Dodani
    (386) 679-0888
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