444 Seabreeze Blvd Daytona Beach, FL 32118
- Investment properties
- 153,884 SF
- 2.85 lot acres
Current Use by Public Records
- 444 Seabreeze / Property Management Company
- Bankers Life / Insurance Agency / Financial Planner
- Beth Thibodeau, Bankers Life Agent / Insurance Agency
- James R. Evans, P.A., Attorney At Law / Attorney / Trial Attorney
- Buckley Financial Group, Inc. / Financial Planner
Property Details for 444 Seabreeze Blvd
- Year built
- 1974
- Construction
- STEEL FRAME
- Lot size
- 2.85 lot acres
- Property size
- 153,884 SF
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 5305-01-28-0010
- APU
- 530501280010
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $4,850,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $4,435,000
- 6.5%
- $4,460,000
- 7%
- $4,440,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $5,065,000
- Geo Method
- $4,490,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $5,685,000
- Retail
- $5,870,000
- Mixed-Use
- $5,370,000
- Hospitality
- $5,900,000
- Educational
- $5,630,000
- Residential Income
- $4,875,000
- Energy
- $4,995,000
- Income-Based Land
- $4,335,000
- Food Service
- $5,225,000
Location Insight
- Map
- Local Demand
- City
- Daytona Beach
- County
- Volusia
- State
- Florida
- Longitude
- -81.0148
- Latitude
- 29.234
- CBSA code
- 19660
- CBSA name
- DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA
