Back to Search
Property profile & analytics
FOR SALE
Motels
1305 S Ridgewood Ave Daytona Beach, FL 32114
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-0530114
For Sale
1 / 45
$2,900,000
1305 S Ridgewood Ave, Daytona Beach, FL 32114
View Listing →
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,352 SF
Lot
2 ac (86,940 SF)
Zoning code
T2
APN
5340-13-00-0090
UPID
US18-0530114
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
-
American Inn of Daytona Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.08M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.83M
Blend (final)
Blend
$2.06M
Owner & transaction history
Rmjn Holdings II LLC · 3 yrs held
Rmjn Holdings II LLC
since 2023
Last sale
$2.3M
6 recorded transactions
Zoning & alternative use
T2 · Daytona Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$2.8M
+11.2%
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
$1,865,000
ML approach
$2,080,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
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
Blend value · Realmo final
$2.06M
Range $1.85M – $2.26M · ±10% · vs last sale $2.25M (Apr 4 2023)
Last sale anchor
$2.25M
Apr 4 2023
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
$220 / 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
$7,526
Tax year 2023
Assessed value
$459,338
Assessed 2023
Previous assessed
$366,068
+25.5% YoY
Effective rate
1.64%
On assessed value
Assessed land
$347,760
Assessed improvement
$111,578
Land market value
$347,760
Improvement market value
$111,578
Total market value
$459,338
Applied tax rate
204.0000
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
Units
26
Bathrooms
26
Total area
9,352 SF
Lot
2 ac (86,940 SF)
Zoning code
T2
APN
5340-13-00-0090
UPID
US18-0530114
Jurisdiction
VOLUSIA
Zoning & alternative use
T2 · Daytona Beach, FL
Zoning T2 · permitted uses
T2 · 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
$2.5M
WAREHOUSE, STORAGE
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.3M
RESTAURANT
Est. value
$2.0M
HOTEL/MOTEL Current
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
RESTAURANT
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
Units
26
Bathrooms
26
Lot
2 ac
Current owner
From public records · entity-resolved
Rmjn Holdings II LLC
Entity
Mailing address
37 INDALE AVE, STATEN ISLAND, NY 10309-3969
Ownership since
2023
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
Apr 4, 2023
$2,250,000
Rmjn Holdings II LLC
Kisan LLC
Warranty Deed
$1,500,000 · Kisan LLC
Mar 5, 2018
—
Kisan LLC
—
Deed
related
$475,000 · Friends Bk
Jul 6, 2004
$925,000
Kisan LLC
Burson,keith L & Carmen P
Grant Deed
$660,800 · Friends Bank
Dec 20, 2000
$700,000
Keith L Burson
Sutton,peter & Janice
Grant Deed
$600,000 · Amresco Independence Funding
—
—
Kisan LLC
—
Deed Of Trust
related
$660,800 · Friends Bk
—
—
Kisan LLC
—
Loan Modification
related
$475,000 · Friends Bk
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
