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    1305 Ridgewood Ave Daytona Beach, FL 32114

    Sponsored
    For Sale
    $3,400,000

    High-Yield Motel, 29 Keys, Great Location

    Property size:
    14,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 29-key motel in Daytona Beach, Florida, presents a compelling investment opportunity. Boasting 14,000 square feet on a prime location just minutes from the Halifax River, this property currently operates as an extended-stay motel, commanding weekly rental rates between $400 and $450 per room. The property generates substantial revenue, with an annual gross revenue approaching $600,000 and a net operating income (NOI) exceeding $450,000. This translates to an attractive cap rate of 13.24% and a price per square foot of $242.86. The asking price for this lucrative asset is $3,400,000. A significant advantage is the inclusion of an additional acre lot, providing potential for future expansion and development of additional units, further enhancing the property's value and income potential. The property is situated at 1305 S Ridgewood Ave, Daytona Beach, FL 32114, in Volusia County. This is a rare chance to acquire a high-performing motel with significant upside potential in a desirable tourist destination.

    Property Features for 1305 Ridgewood Ave

    General Information

    Property type
    Motels
    Square Feet
    14,000 SF

    HighLights

    • 29‑key extended‑stay motel in Daytona Beach, FL, generating nearly $600,000 in annual gross revenue.
    • Prime location minutes from the Halifax River, offering weekly rates of $400-$450 per room.
    • Strong financial performance with over $450,000 NOI and a 13.24% cap rate.
    • Asking price: $3,400,000 ($242.86/SF); includes an additional acre lot for future expansion.
    • Located at 1305 S Ridgewood Ave, Daytona Beach, FL 32114.
    Property Profile Location Intelligence

    Current Use by Public Records

    American Inn of Daytona Motel

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.010664785997
    Latitude
    29.188337986679

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    FAQs

    What type of property is this?
    Motel - High-Yield Motel, 29 Keys, Great Location
    Where is this motel located?
    The property is located at 1305 Ridgewood Ave Daytona Beach, FL.
    What is the asking price?
    The asking price for this property is $3,400,000.
    What are key features of this property?
    This property features: 29-key extended-stay motel in Daytona Beach, FL, generating nearly $600,000 in annual gross revenue.; Prime location minutes from the Halifax River, offering weekly rates of $400-$450 per room.; Strong financial performance with over $450,000 NOI and a 13.24% cap rate.
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    1305 Ridgewood Ave Daytona Beach, FL 32114
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    Daytona Beach, FL 32114
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    Realmo Value Estimation

    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.

    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.

    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
    1305 Ridgewood Ave Daytona Beach, FL 32114
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