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    Daytona Beach Boutique Hotel Title is generated by Realmo AI

    808 S Atlantic Avenue, Daytona Beach, FL 32118

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    Pending
    $2,800,000

    COMMERCIAL - Daytona Beach, FL

    Property size:
    11,385 SF
    Lot size:
    0.74 Acres
    Added:
    Aug 3, 2024
    Days on Market:
    669
    Last Refresh:
    Jun 2 at 6:06 am

    Property Features for 808 S Atlantic Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    30
    Rooms
    Bathroom 14, Bathroom 22, Bathroom 25, Bathroom 12, Bathroom 30, Bathroom 4, Bathroom 27, Bathroom 20, Bathroom 29, Bathroom 2, Bathroom 18, Bathroom 7, Bathroom 9, Bathroom 17, Bathroom 19, Bathroom 13, Bathroom 21, Bathroom 23, Bathroom 10, Bathroom 1, Bathroom 6, Bathroom 3, Bathroom 28, Bathroom 11, Bathroom 5, Bathroom 24, Bathroom 26, Bathroom 8, Bathroom 16, Bathroom 15
    Parking features
    Guest, Covered, Parking Lot
    Fencing
    Privacy
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Pending
    APN
    5309-26-02-0010
    Size
    11,385 SF
    Lot size
    0.74 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    LOT 1 & A PORTION OF LOTS 2 & 3 BLK B OLIVER TERRACE MB 16 PG 153 & A PORTION OF LOT 48 ATLANTIC CITY MB 22 PGS 6-7 AS DESCRIBED IN OR 3864 PG 4031
    Tax Annual Amount
    8203

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Wall Unit(s), Ceiling Fan(s), Wall/Window Unit(s), Electric, Window Unit(s)
    Water source
    Public
    Water front features
    River Front, Ocean Front
    Water front
    1

    Building Details

    Year built
    1953
    Floors in Building
    1
    Number of units
    28
    Flooring type
    Carpet, Tile, Vinyl, Concrete, Terrazzo
    Building materials
    Block, Brick, Concrete
    Roof type
    Flat, 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 Aug 3, 2024

    MLS# 1202384

    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

    • Oceanfront location directly across the street from Daytona Beach
    • Boutique hotel with 25 rooms in a rapidly expanding Florida market
    • Located in the fast‑growing Daytona Beach‑Ormond Beach Metro Area (MSA) with a population exceeding 660,000
    • Proximity to major demand drivers including Daytona International Speedway and Daytona Beach Boardwalk
    • Opportunity to acquire an independent hotel in a popular tourist destination
    • Located in an area with ongoing investments and new developments in hotels, attractions, dining, and shopping

    Overview

    The Atlantic Economy Inn, a 28-room independent hotel, is available for sale. It is located off South Atlantic Avenue in Daytona Beach, Florida, part of the rapidly expanding Daytona Beach-Ormond Beach Metro Area, which has a population exceeding 660,000. Situated in Volusia County, Daytona Beach is an hour from Orlando. The hotel is directly across the street from the beach and a short drive from the Daytona International Speedway, Daytona Ice Arena, and Daytona Beach Boardwalk. The Atlantic Economy Inn offers investors the opportunity to acquire a boutique hotel in a growing market within Florida, where the availability of hotels near the coast is limited. Daytona Beach offers 23 miles of shoreline. The property sits on a 0.74-acre lot. The building has 11,385 square feet of space. With area investments in progress and more hotel, attraction, dining, and shopping options than ever, now is the perfect time to (re)experience all that Daytona Beach has to offer, including these new developments.
    Property Profile Location Intelligence

    Current Use by Public Records

    Atlantic Economy Inn Hotel & Motel Vacation Hotel & Motel

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.003225
    Latitude
    29.21583

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    FAQs

    What type of property is this?
    Hotel - 28-room hotel near Daytona Beach's iconic shores.
    Where is this hotel located?
    The property is located at 808 S Atlantic Avenue Daytona Beach, FL.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: Oceanfront location directly across the street from Daytona Beach; Boutique hotel with 25 rooms in a rapidly expanding Florida market; Located in the fast‑growing Daytona Beach‑Ormond Beach Metro Area (MSA) with a population exceeding 660,000
    (386) 237-4444
    We can help!
    Listing Contact
    Terry Sitaram
    Terry Sitaram
    Real Estate License ID: 3092297
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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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