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444 Seabreeze Blvd Daytona Beach, FL 32118

Sponsored
For Sale
$5,000,000

45-key motel, 11.14% cap rate, high occupancy.

Description

Added:
Dec 11, 2024
Days on Market:
393
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 Features for 444 Seabreeze Blvd

General Information

Property type
Motels

HighLights

  • 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.
  • Class C building, 0.91‑acre lot, 1.91 parking ratio per 1,000 sq ft.
  • Strong revenue potential; 100% occupancy, $557,000 NOI, 11.14% cap rate; pro‑forma NOI of $634,800 and 12.70% cap rate.
  • Efficient operations and reduced maintenance costs due to recent renovations.
Property Profile Location Intelligence

Current Use by Public Records

444 Seabreeze Property Management Company Bankers Life Insurance Agency Beth Thibodeau, Bankers ... Insurance Agency James R. Evans, ... Attorney Buckley Financial Group, ... Financial Planner

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Daytona Beach
County
Volusia
State
Florida
Longitude
-81.0147711
Latitude
29.234444

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.
More about this property
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