1305 S Ridgewood Ave Daytona Beach, FL 32114
Property profile & analytics
1305 S Ridgewood Ave Daytona Beach, FL 32114
- Motels
- 9,352 SF
- 2.00 lot acres
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.
Location Intelligence
Current Use by Public Records
- American Inn of Daytona / Hotel & Motel
Property Details for 1305 S 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 Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,865,000
- ML approach
- $2,080,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,826,000
Market price range: $1.83M - $3.66M -
Alternative Use
- Use
- Estimation
- HOTEL/MOTEL
- $2,505,000 Current use
- WAREHOUSE, STORAGE
- $2,785,000 Change: +11% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $2,325,000 Change: -7% Conversion: Difficult
- RESTAURANT
- $2,005,000 Change: -20% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
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
