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    3720 Atlantic Ave Daytona Beach Shores, FL 32118

    Sponsored
    For Sale
    $1,650,000

    12-Unit Motel, High Cap Rate, Owner Finance Possible

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 12-unit motel, the Atlantic Shores Motel, presents a compelling investment opportunity in Daytona Beach Shores, Florida. Located at 3720 S Atlantic Ave, Volusia County, zip code 32118, this property boasts a prime beachfront location directly across the street from the ocean. The motel comprises two, single-story buildings, constructed in 1954 and renovated extensively between 2018 and 2019. The property offers a strong net operating income (NOI) of $181,000, resulting in an attractive cap rate of 10.97% (based on proforma). The asking price is $1,650,000, and owner financing may be available with a $500,000 down payment. This presents a rare chance to acquire a well-maintained, high-performing hospitality asset in a desirable coastal location. The property's recent renovations ensure modern amenities and appeal to a broad range of guests. Its proximity to the ocean guarantees consistent occupancy and strong rental income. This is an ideal investment for those seeking a lucrative return on investment in the thriving Florida tourism market. The property's financial performance and location make it a highly attractive proposition for discerning investors. Serious inquiries are encouraged.

    Property Features for 3720 Atlantic Ave

    General Information

    Property type
    Motels

    Building Details

    Year Built/Renovated
    1954/2018
    Buildings
    2
    Stories
    1

    HighLights

    • 12‑unit beachfront motel in Daytona Beach Shores, FL (3720 S Atlantic Ave, 32118).
    • Prime oceanfront location across from the beach.
    • Two single‑story buildings, extensively renovated (2018‑2019).
    • Strong NOI of $181,000 and 10.97% cap rate (proforma).
    • Asking price: $1,650,000; owner financing possible with $500,000 down payment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Atlantic Shores Motel Motel

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Gym & Fitness Pharmacy Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach Shores
    County
    Volusia
    State
    Florida
    Longitude
    -80.9658875
    Latitude
    29.1445763

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    FAQs

    What type of property is this?
    Motel - 12-Unit Motel, High Cap Rate, Owner Finance Possible
    Where is this motel located?
    The property is located at 3720 Atlantic Ave Daytona Beach Shores, FL.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: 12-unit beachfront motel in Daytona Beach Shores, FL (3720 S Atlantic Ave, 32118).; Prime oceanfront location across from the beach.; Two single-story buildings, extensively renovated (2018-2019).
    Request Owner's contact information
    3720 Atlantic Ave Daytona Beach Shores, FL 32118
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    Daytona Beach Shores, FL 32118
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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
    3720 Atlantic Ave Daytona Beach Shores, FL 32118
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