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Property profile & analytics
FOR SALE
Motels
128 Ridgewood Ave Daytona Beach, FL 32117
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-2789111
For Sale
1 / 39
$799,900
128 Ridgewood Ave, Daytona Beach, FL 32117
View Listing →
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,066 SF
Lot
0.59 ac (25,500 SF)
Zoning code
B4
APN
4244-01-34-0220
UPID
US18-2789111
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Ridgewood Inn Hotel & Motel
-
Coastal Chalet Suites Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$857k
Blend (final)
Blend
$1.20M
Owner & transaction history
Coastal Chalet Suites LLC · 2 yrs held
Coastal Chalet Suites LLC
since 2024
Last sale
$1.2M
6 recorded transactions
Zoning & alternative use
B4 · Daytona Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Daytona Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Daytona Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,200,000
ML approach
$1,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$820,000
Current use
AUTO REPAIR, GARAGE
$760,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±10% · vs last sale $1.20M (Feb 14 2024)
Last sale anchor
$1.20M
Feb 14 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$391 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$6,868
Tax year 2023
Assessed value
$339,019
Assessed 2023
Previous assessed
$339,019
+0.0% YoY
Effective rate
2.03%
On assessed value
Assessed land
$102,000
Assessed improvement
$237,019
Land market value
$102,000
Improvement market value
$237,019
Total market value
$339,019
Applied tax rate
203.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Motels
Use group
MOTEL
Status
For Sale
Year built
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
9
Total area
3,066 SF
Lot
0.59 ac (25,500 SF)
Zoning code
B4
APN
4244-01-34-0220
UPID
US18-2789111
Jurisdiction
VOLUSIA
Zoning & alternative use
B4 · Daytona Beach, FL
Zoning B4 · permitted uses
B4 · Daytona Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Daytona Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$820,000
AUTO REPAIR, GARAGE
Est. value
$760,000
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
9
Lot
0.59 ac
Current owner
From public records · entity-resolved
Coastal Chalet Suites LLC
Entity
Mailing address
18137 REGENTS SQ DR, TAMPA, FL 33647-2291
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2024
$1,200,000
Coastal Chalet Suites LLC
Kenney Diversified Investments LLC
Warranty Deed
$1,200,000 · Kenney Diversified Investments LLC
Dec 8, 2020
$133,100
Ridgewood Trust
Ridgewood Inn INC Coc
Foreclosure
related
—
May 30, 2018
—
Ridgewood Inn INC
—
Deed
related
$7,425 · Mitchell Equity Group Lllp
Feb 3, 2017
—
Ridgewood Inn INC
—
Trustees Deed
related
$31,800 · Mitchell Equity Group Lllp
Dec 9, 2005
—
Ridgewood Inn INC
Bialozynski,thomas F
Quit Claim Deed
related
—
—
—
Ridgewood Inn INC
—
Deed Of Trust
related
$7,425 · Mitchell Equity Group Lllp
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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