Extended Stay Motel Near
For Sale
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1327 S Ridgewood Avenue, Daytona Beach, FL 32114
Extended-stay motel with apartment, near I-4 and Daytona Beach.
Property Size3,930 SF
Price / SF$343.51
Days on Market195
Property Features for 1327 S Ridgewood Avenue
General Information
Standard status
Active
Size
3,930 SF
Property subtype
Hospitality, Mixed Use, Self Storage
Zoning
T-2
Building Details
Year Built
1954
Listing Agency:
Epique Realty
(386) 679-0888
Listed By:
Dino Dodani · License #FL SL3221388
Source:
Crexi
Added: Jan 28
Changed: Aug 8
Last Checked: Aug 8 at 6:35AM
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 Epique Realty
Investment Insights
Based on property information with market context.
Located at 1327 S. Ridgewood Ave (US-1) in Daytona Beach, this property offers extended-stay motel units along with a separate apartment home at the front. The property is suitable for long-term guests, traveling professionals, or those seeking affordable coastal living. The location provides easy access to I-4, offering a direct route to Orlando, Disney attractions, and Tampa. The property is situated minutes from Beville Road, with shopping, dining, and daily essentials nearby. The property has a size of 3930 square feet.
Key Highlights
- Prime location near I‑4 and minutes from Beville Road shopping and dining.
- Flexible extended‑stay motel units plus a separate apartment home.
- Affordable coastal living with weekly rates at $350.
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
$48,545
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
3.60%
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%
$970,900
$970.9K
Cap Rate 7%
$693,500
$693.5K
Cap Rate 9%
$539,389
$539.4K
Market Conditions
NOI Build-Up for 3,930 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
$84.9K $21.60/SF
− Vacancy
−$7.2K −$1.84/SF
EGI
$77.7K $19.76/SF
− OpEx
−$29.1K −$7.41/SF
NOI
$48.5K $12.35/SF
Area
Volusia County, FL
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$970,900
Cap Rate 7%
$693,500
Cap Rate 9%
$539,389
Alternative Uses
Best Use
Mixed Use
$693.5K
$606.8K – $809.1K
NOI $48,545 @ 7.0% cap · market cap 3.60%
Second Best
Hotel Hospitality
$201.6K
$176.4K – $235.2K
NOI $14,113 @ 7.0% cap · market cap 1.05%
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $81,115 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
525
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32114, FL
34,943
Population
17,118
Households
2
Avg Household Size
33
Median Age
19%
College-Educated
89%
High-School Grad
16.0 sq mi
ZIP Area
2,184
Density / Sq Mi
$39,906
Median Household Income
$31,220
Median Earnings
$1,171
Median Rent
$174,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Motel - Extended-stay motel with apartment, near I-4 and Daytona Beach.
Where is this motel located?
The property is located at 1327 S Ridgewood Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Prime location near I‑4 and minutes from Beville Road shopping and dining.; Flexible extended‑stay motel units plus a separate apartment home.; Affordable coastal living with weekly rates at $350.
