444 Seabreeze Blvd Daytona Beach, FL 32118
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45-key motel, 11.14% cap rate, high occupancy.
Property Features for 444 Seabreeze Blvd
General Information
- Property type
- Motels
Listing Agent: Dino Dodani
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This Daytona Beach motel presents a compelling investment opportunity. Priced at $5,000,000, this 45-key property boasts a current NOI of $557,000 and a pro-forma NOI of $634,800, translating to a current cap rate of 11.14% and a pro-forma cap rate of 12.70%. Currently operating at 100% occupancy, the motel offers significant revenue potential. The 20,890 square foot, two-story building underwent a complete renovation in 2024, featuring modern amenities such as high-speed internet access, public Wi-Fi, and a smoke-free environment, all within a charming, vintage-style setting. The property includes a patio area and ample parking (1.91 spaces per 1,000 square feet). Situated on a 0.91-acre lot, it offers potential for future expansion. Its convenient location near major transportation hubs, including Daytona Beach International Airport (18-minute drive) and several Amtrak stations (within a 46-56 minute drive), ensures easy access for travelers. The property's strong financials, coupled with its prime location and recent renovations, make it an attractive investment with significant long-term value and growth potential within a thriving hospitality market. The building is classified as Class C.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
444 Seabreeze
Property Management Company
Bankers Life
Insurance Agency
Beth Thibodeau, Bankers ...
Insurance Agency
James R. Evans, ...
Law Firm
Buckley Financial Group, ...
Financial Advisor
Location Insight
- Map
- Local Demand
- City
- Daytona Beach
- County
- Volusia
- State
- Florida
- Longitude
- -81.0147711
- Latitude
- 29.234444
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FAQs
What type of property is this?
Motel - 45-key motel, 11.14% cap rate, high occupancy.
Where is this motel located?
The property is located at 444 Seabreeze Blvd Daytona Beach, FL.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Prime Daytona Beach location, near major transportation hubs including Daytona Beach International Airport (18 min).; Fully renovated in 2024, offering modern amenities (high-speed internet, Wi-Fi) while preserving vintage charm.; 45-key motel with 20,890 square feet across two stories, including a patio.