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    Property profile & analytics

    1305 Ridgewood Ave Daytona Beach, FL 32114

    • Motels
    • 9,352 SF
    • 2.00 lot acres
    For Sale
    View listing
    $3,400,000
    Value Estimation
    Last Sale
    Apr 04, 2023
    $2,250,000
    Location Intelligence
    Property ID
    US18-0530114
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • American Inn of Daytona / Motel

    Property Details for 1305 Ridgewood Ave

    Year built
    1948
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.00 lot acres
    Property size
    9,352 SF
    Zone code
    T2
    Property type
    Motels
    APN
    5340-13-00-0090
    APU
    534013000090

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,865,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,180,000
      6.5%
      $2,050,000
      7%
      $2,305,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,205,000
      Geo Method
      $2,165,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,015,000
      Retail
      $2,525,000
      Mixed-Use
      $2,100,000
      Hospitality
      $2,440,000
      Educational
      $2,130,000
      Residential Income
      $2,235,000
      Energy
      $1,865,000
      Income-Based Land
      $2,540,000
      Food Service
      $2,215,000

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.0101
    Latitude
    29.1885
    CBSA code
    19660
    CBSA name
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,526
    $347,760
    $111,578
    $459,338
    -
    $347,760
    $111,578
    $459,338

    Comparable in this City

    • Value Estimation by Request
      50,500 SF

      90 Professional Blvd

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    • Value Estimation by Request
      0.44 Acres

      1870 Victory Cir

      HOTEL/MOTEL • 0.44 Acres
      1870 Victory Cir, Daytona Beach, FL 32114-0006
      View Details
    • Value Estimation
      $1,490,000
      7,680 SF

      1225 Ridgewood Ave

      MOTEL • 7,680 SF
      1225 Ridgewood Ave, Daytona Beach, FL 32114-6127
      View Details
    • Value Estimation
      $290,000
      14,256 SF

      336 Palmetto Ave

      MOTEL • 14,256 SF
      336 Palmetto Ave, Daytona Beach, FL 32114-4920
      View Details
    • Value Estimation
      $320,000
      5,708 SF

      530 Ridgewood Ave

      MOTEL • 5,708 SF
      530 Ridgewood Ave, Daytona Beach, FL 32114-4930
      View Details
    • Value Estimation by Request
      17,145 SF

      544 Ridgewood Ave

      MOTEL • 17,145 SF
      544 Ridgewood Ave, Daytona Beach, FL 32114-4930
      View Details

    Similar Nearby for Sale

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      Beachfront Inn & Restaurant

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    Similar Nearby for Lease

    • $0.02 SF/Yr
      8,000 SF

      Daytona Beach Warehouse For Lease

      8,000 SF Warehouse, Expansion Available
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      Retail Space Near Daytona Speedway

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      Daytona Beach Office Space Available

      Centrally located office space near Daytona Aquarium and Rainforest Adventure.
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    • $2,000 /Mo
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      Downtown Daytona Beach Commercial Space

      Shell space ready for customization in a prime downtown location.
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    • Contact for pricing

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      View Details
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    1305 Ridgewood Ave
    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
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