444 Seabreeze BlvdDaytona Beach, FL 32118

Property Details for 444 Seabreeze Blvd

Year built

1974

Construction

STEEL FRAME

Lot size

2.85 AC

Property size (Sq ft)

153,884 SF

Property type

Mixed-use properties

Property subtype

Other investment 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.

• CAP approach

  CAP return

  Valuation

  6%

  $40,056,800

  6.5%

  $36,975,508

  7%

  $34,334,400

• Comparable approach

  Method

  Valuation

  Relative Method

  $35,191,616

  Geo Method

  $26,626,010

• Alternative Use

  Use

  Valuation

  Residential

  $36,975,508

  Hospitality

  $33,869,368

  Educational

  $28,178,916

  Medical

  $29,148,032

  Retail

  $43,833,868

Location Insight

City

Daytona Beach

County

Volusia

State

Florida

Latitude

29.234

Longitude

-81.0148

CBSA code

19660

CBSA name

DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.