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Property profile & analytics
OFF-MARKET
Estimated value
$14,135,000
Hotels
1398 Atlantic Ave Daytona Beach, FL 32118-3600
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-3717246
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1988
Construction
CONCRETE
Total area
50,320 SF
Lot
1.5 ac (65,526 SF)
APN
4236-05-02-0010
UPID
US18-3717246
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
-
Tropical Winds Oceanfront Hotel Hotel & Motel
-
Tropical Winds Cafe Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.57M
Blend (final)
Blend
$14.14M
Owner & transaction history
Scaustin Holdings LLC · 4 yrs held
Scaustin Holdings LLC
since 2022
Last sale
$14.0M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$15.0M
+6.8%
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
$12,965,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$14,015,000
Current use
WAREHOUSE, STORAGE
$14,975,000
Change: +7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,505,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$14.14M
Range $12.72M – $15.55M · ±10% · vs last sale $14.00M (May 10 2022)
Last sale anchor
$14.00M
May 10 2022
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
$281 / 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
$132,786
Tax year 2023
Assessed value
$6,751,458
Assessed 2023
Previous assessed
$4,217,910
+60.1% YoY
Effective rate
1.97%
On assessed value
Assessed land
$2,948,670
Assessed improvement
$3,802,788
Land market value
$2,948,670
Improvement market value
$3,802,788
Total market value
$6,751,458
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1988
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
4
Stories
8
Bathrooms
96
Total area
50,320 SF
Lot
1.5 ac (65,526 SF)
APN
4236-05-02-0010
UPID
US18-3717246
Jurisdiction
VOLUSIA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$14.0M
WAREHOUSE, STORAGE
Est. value
$15.0M
AUTO REPAIR, GARAGE
Est. value
$12.5M
HOTEL/MOTEL Current
WAREHOUSE, STORAGE
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
1988
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
8
Buildings
4
Bathrooms
96
Lot
1.5 ac
Current owner
From public records · entity-resolved
Scaustin Holdings LLC
Entity
Mailing address
500 STATE STC, GREENSBORO, NC 27405-5659
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2022
$14,000,000
Scaustin Holdings LLC
G E J E L Management INC
Warranty Deed
$8,750,000 · Symetra Life Insurance Co
—
—
Gejel Management INC
—
Deed Of Trust
related
$223,601 · John W & Patricia Townsell
—
—
Gejel Management INC
—
Deed Of Trust
related
$3,000,000 · Harbor Fsb
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.
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