Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    1401 Ridgewood Ave Daytona Beach, FL 32114

    Sponsored
    For Sale
    $2,800,000

    High-Yield Motel, 34 Keys, Owner Financing

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a package deal encompassing two Daytona Beach motels, the Pilot and Tropizar, situated on South Ridgewood Avenue at 1400 and 1401. Boasting a prime location in Volusia County, Florida (zip code 32114), these properties offer a compelling return. Currently operating as extended-stay accommodations, the motels generate substantial revenue. Individual rooms command weekly rental rates ranging from $350 to $400, contributing to an impressive annual gross revenue nearing $600,000. The strong operational performance translates to a significant net operating income (NOI) exceeding $475,000, resulting in an attractive capitalization rate of 16.96%. The combined property features a total of 34 keys, providing ample capacity for guests. This turnkey operation presents a rare opportunity for investors seeking a high-yield hospitality investment. The seller is offering owner financing, making this an even more accessible acquisition. The motels are conveniently located near Daytona Beach's attractions and amenities, ensuring consistent occupancy and strong rental demand. This is a unique chance to acquire a well-established and profitable motel package in a thriving Florida market. The asking price for this exceptional package is $2,800,000.

    Property Features for 1401 Ridgewood Ave

    General Information

    Property type
    Motels

    HighLights

    • Two Daytona Beach motels (Pilot & Tropizar) for sale at $2,800,000.
    • Located at 1400 & 1401 South Ridgewood Avenue, Daytona Beach, FL 32114.
    • 34‑key extended‑stay operation generating nearly $600,000 in annual gross revenue.
    • Strong NOI exceeding $475,000, resulting in a 16.96% capitalization rate.
    • Seller financing available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tropizar Motel Motel

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.0105835
    Latitude
    29.1870137

    Nearby Similar for Sale

    • $1,800,000
      Pending

      Daytona Beach Condo Portfolio

      25-unit condo portfolio near I-95 and Daytona Speedway.
      1600 Big Tree Rd, Daytona Beach, FL 32119
      View Details
    • $999,000
      2,966 SF

      Historic Daytona Beach Bed & Breakfast

      Turnkey bed and breakfast or unique residence in Daytona Beach.
      544 S Palmetto Ave, Daytona Beach, FL 32114
      View Details
    • $950,000
      6,296 SF

      Beachside Renovated Multifamily Investment

      Turnkey, fully renovated 8-unit multifamily property near Daytona Beach.
      149 S Hollywood Ave, Daytona Beach, FL 32118
      View Details
    • $950,000
      6,296 SF

      Beachside Daytona Multifamily Investment Opportunity

      Fully renovated, 8-unit multifamily property near Daytona Beach.
      149 S Hollywood Ave, Daytona Beach, FL 32118
      View Details
    • $950,000
      5,904 SF

      Beachside Renovated Multifamily Investment Opportunity

      Turnkey, fully renovated 8-unit multifamily property near Daytona Beach.
      149 S Hollywood Ave, Daytona Beach, FL 32118
      View Details
    • $1,600,000
      9,444 SF

      Historic Brick Office Building

      Iconic 1930s office building in Daytona Beach's historic district.
      200 Magnolia Ave, Daytona Beach, FL 32114
      View Details
    • $639,900
      Pending

      Renovated Daytona Beach Triplex

      Charming, renovated triplex with income potential and seller financing.
      746 N Halifax Ave, Daytona Beach, FL 32118
      View Details
    • $1,300,000
      12,518 SF

      Holly Hill Mixed-Use Investment

      Mixed-use property in redevelopment area with income and growth potential.
      468 Ridgewood Ave, Daytona Beach, FL 32117
      View Details
    • $625,000
      1,980 SF

      Daytona Beach Multifamily Investment Property

      Five-unit apartment property near the beach in Daytona Beach.
      715 Harvey Ave, Daytona Beach, FL 32118
      View Details
    • $625,000
      2,158 SF

      Daytona Beach Multifamily Investment Property

      Five-unit apartment property near the beach in Daytona Beach, FL.
      715 Harvey Ave, Daytona Beach, FL 32118
      View Details
    • $999,000
      3,880 SF

      Daytona Beach Restaurant/Bar Opportunity

      Two-story restaurant/bar with parking in a prime location.
      415 Main St, Daytona Beach, FL 32118
      View Details
    • New
      $499,999
      5,431 SF

      Daytona Beach Multi-Family Investment

      Four-unit property near the beach, ideal for diverse investment strategies.
      132 N Peninsula Dr, Daytona Beach, FL 32118
      View Details

    FAQs

    What type of property is this?
    Motel - High-Yield Motel, 34 Keys, Owner Financing
    Where is this motel located?
    The property is located at 1401 Ridgewood Ave 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: Two Daytona Beach motels (Pilot & Tropizar) for sale at $2,800,000.; Located at 1400 & 1401 South Ridgewood Avenue, Daytona Beach, FL 32114.; 34-key extended-stay operation generating nearly $600,000 in annual gross revenue.
    Request Owner's contact information
    1401 Ridgewood Ave Daytona Beach, FL 32114
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1401 Ridgewood Ave
    Daytona Beach, FL 32114
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1401 Ridgewood Ave Daytona Beach, FL 32114
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.