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    Property profile & analytics

    1306 Atlantic Ave Daytona Beach, FL 32118

    • Investment properties
    • 18,402 SF
    • 0.65 lot acres
    For Sale
    View listing
    $6,800,000
    Last Sale
    Feb 06, 2024
    $6,000,000
    Value Estimations
    Cap Rate Potential
    3.8%
    Investment properties
    Location Intelligence
    Property ID
    US18-4442883
    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.

    Current Use by Public Records

    • Cove Motel / Motel / Hotel

    Property Details for 1306 Atlantic Ave

    Year built
    1959
    Construction
    CONCRETE
    Lot size
    0.65 lot acres
    Property size
    18,402 SF
    Zone code
    T1
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    4236-05-01-0050
    APU
    423605010050

    Description

    Prime Daytona Beach oceanfront hotel, boasting 40 keys across three buildings. This renovated, retro-style property offers approximately 100 feet of direct ocean frontage and features recently updated amenities including a new TPO roof (currently being installed), new balconies, a refreshed AC system, updated kitchens and tile, and a resurfaced pool with new exterior pavers. Thirty-two rooms provide either direct oceanfront or oceanview accommodations, many feeling oceanfront due to the building's design. The hotel operates as a limited-service establishment and benefits from a turnkey operation with existing management and staff eager to continue. A strong pro-forma NOI of $574,239 translates to an 8.44% cap rate at the asking price of $6,800,000 ($170,000 per key). The property is located at 1306 N Atlantic Ave, Daytona Beach, FL 32118, in Volusia County. A private mortgage may be assumable, presenting a compelling investment opportunity. All information is deemed reliable but not guaranteed and should be independently verified.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,000,000
      ML approach
      $6,000,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,552,000
      Market price range: $1.87M - $5.55M
      AI Estimate
      $4,721,000
      Market price range: $1.39M - $4.72M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.0181
    Latitude
    29.2486
    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
    $64,637
    $1,282,500
    $2,322,874
    $3,605,374
    -
    $1,282,500
    $2,322,874
    $3,605,374

    Comparable in this City

    • Value Estimation
      $210,000
      960 SF

      2800 Atlantic Ave Ste, Unit 5

      STORE/OFFICE (MIXED USE) • 960 SF
      2800 Atlantic Ave Ste, Daytona Beach, FL 32118-3008
      View Details
    • Value Estimation
      $595,000
      4,215 SF

      642 Halifax Ave

      STORE/OFFICE (MIXED USE) • 4,215 SF
      642 Halifax Ave, Daytona Beach, FL 32118-3847
      View Details
    • Value Estimation
      $265,000
      3,300 SF

      320 Harvey Ave

      STORE/OFFICE (MIXED USE) • 3,300 SF
      320 Harvey Ave, Daytona Beach, FL 32118-6807
      View Details
    • Value Estimation
      $275,000
      2,576 SF

      3304 Atlantic Ave

      STORE/OFFICE (MIXED USE) • 2,576 SF
      3304 Atlantic Ave, Daytona Beach, FL 32118-6309
      View Details
    • Value Estimation
      $725,000
      5,344 SF

      630 Wild Olive Ave

      STORE/OFFICE (MIXED USE) • 5,344 SF
      630 Wild Olive Ave, Daytona Beach, FL 32118-3862
      View Details
    • Value Estimation
      $270,000
      1,772 SF

      403 Wild Olive Ave

      STORE/OFFICE (MIXED USE) • 1,772 SF
      403 Wild Olive Ave, Daytona Beach, FL 32118-3937
      View Details

    Similar Nearby for Sale

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      Daytona Beach Commercial Land For Sale

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    • $425,000
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      Daytona Beach Mixed-Use Investment

      Profitable Restaurant, Turn-Key Operation
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    • $474,900
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      Beachside Property: Live, Work, or Both

      Versatile Daytona Beachside property suitable for residential or commercial use.
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    • $650,000
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      Historic Commercial Building on Main

      Historic mixed-use building in Daytona Beach, close to the beach.
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      Daytona Beach Mixed-Use Redevelopment Opportunity

      Mixed-use property in Daytona Beach's Main Street Entertainment District.
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    Similar Nearby for Lease

    • $2,350,000
      60,113 SF

      Daytona Beach Waterfront Condo Units

      18 units in 39-unit building with waterfront access.
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    • $26 SF/Yr
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      Upscale Daytona Office Space Available

      Professional office building with ocean views, convenient location.
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      View Details
    • $2,072 /Mo
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      Renovated Office Building with Ocean Views

      Renovated office building in Daytona Beach with ocean views.
      140 S Atlantic Ave, Daytona Beach, FL 32118
      View Details
    • $3,000 /Mo
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      Daytona Beach Commercial Opportunity

      Two buildings near the beach, prime redevelopment area.
      500 E Intl Speedway Blvd, Daytona Beach, FL 32118
      View Details
    • $1,938 /Mo
      1,224 SF

      Turnkey Office Space in Daytona

      Move-in ready, furnished office space with open-concept layout.
      140 S Atlantic Ave, Daytona Beach, FL 32118
      View Details
    • New
      $3,995 /Mo
      2,455 SF

      Daytona Beach Shores Commercial Building

      Freestanding 2,455 SF commercial building with three drive-thru lanes.
      2416 S Atlantic Ave, Daytona Beach, FL 32118
      View Details
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    1306 Atlantic Ave
    Daytona Beach, FL 32118
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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