Renovated Extended-Stay Hotel Investment
For Sale
$2,900,000
1215 n Atlantic Ave Unit Daytona Beach, Daytona Beach, FL 32118
RECESSION-RESILIENT EXTENDED-STAY HOTEL — CASH FLOW IN ANY MARKET
Property Size33,000 SF
Lot Size0.73 Acres
Price / SF$87.88
Days on Market274
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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 Agency:
Epique Realty
Listed By:
Dino Dodani · License #SL3221388
(386) 679-0888
Added: Jan 14
Changed: Mar 16
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).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$251,461
Cap Rate
8.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,029,220
$5.0M
Cap Rate 7%
$3,592,300
$3.6M
Cap Rate 9%
$2,794,011
$2.8M
Market Conditions
NOI Build-Up for 33,000 SF
Gross rent
$510.8K $15.48/SF
− Vacancy
−$53.6K −$1.63/SF
EGI
$457.2K $13.85/SF
− OpEx
−$205.7K −$6.23/SF
NOI
$251.5K $7.62/SF
Area
Volusia County, FL
Vacancy
10.50%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,029,220
Cap Rate 7%
$3,592,300
Cap Rate 9%
$2,794,011
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
238
Businesses Nearby
Well-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Similar Off Market Nearby
- Coconut Palms — 716 N Halifax Ave, Daytona Beach, FL 32118
- 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
- Boykin Management Company — 600 N Atlantic Ave, Daytona Beach, FL 32118
Frequently Asked Questions
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).
