Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1401 S Ridgewood Ave Daytona Beach, FL 32114
    Back to Search
    Property profile & analytics

    1401 S Ridgewood Ave, Daytona Beach, FL 32114

    View on Map
    • Motels
    For Sale
    $2,700,000
    View Listing →
    Daytona Beach Motel Opportunity For Sale
    $2,700,000

    Daytona Beach Motel Opportunity

    Motel near Daytona Beach, generating substantial revenue.

    1401 and 1400 S Ridgewood Ave, Daytona Beach, FL 32114
    View Listing
    Property ID
    US18-0114943
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Tropizar Motel / Hotel & Motel

    Property Details for 1401 S Ridgewood Ave

    Property type
    Motels
    Property subtype
    Commercial real estate

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 30, 2024 $1,000,000 Rmjn Holdings LLC Jay Shiv INC Warranty Deed $698k · Jay Shiv INC

    Description

    The Pilot and Tropizar motel are located on Ridgewood Ave in Daytona Beach close to everything. The motel is currently being operated as an extended stay with rooms renting weekly. Have clean financial eligible for any type of commercial or SBA loan. Owner financing available as well

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.0441821
    Latitude
    29.2516284

    Comparable in this City

    • Contact for pricing
      14,000 SF

      29-Unit Motel Near Halifax River

      29-unit motel with development potential near Halifax River.
      1305 S Ridgewood Ave, Daytona Beach, FL 32114
      View Details
    • $2,600,000
      9,806 SF

      Daytona Beach Hotel Investment Opportunity

      23-room hotel near beaches and Daytona International Speedway.
      619 N Ridgewood Ave, Daytona Beach, FL 32114
      View Details
    • Contact for pricing
      3,930 SF

      Extended Stay Motel Near I-4

      Extended-stay motel with apartment, near I-4 and Daytona Beach.
      1327 S Ridgewood Ave, Daytona Beach, FL 32114
      View Details
    • $2,600,000

      Daytona Beach Hotel Investment Opportunity

      23-room hotel near beaches and Daytona International Speedway.
      619 N Ridgewood Ave, Daytona Beach, FL 32114
      View Details
    • Contact for pricing
      6,210 SF

      Daytona Beach Remodeled Mixed-Use Property

      Remodeled mixed-use property in Daytona Beach, close to amenities.
      1020 S Ridgewood Ave, Daytona Beach, FL 32114
      View Details
    • Contact for pricing

      Commercial Land at One Daytona

      4.7 acres ideal for hotel, retail, restaurant, office.
      East Entrance To 1 Daytona On Bill France Blvd, Daytona Beach, FL 32114
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,000 SF

      29-Unit Motel Near Halifax River

      29-unit motel with development potential near Halifax River.
      1305 S Ridgewood Ave, Daytona Beach, FL 32114
      View Details
    • $2,600,000
      9,806 SF

      Daytona Beach Hotel Investment Opportunity

      23-room hotel near beaches and Daytona International Speedway.
      619 N Ridgewood Ave, Daytona Beach, FL 32114
      View Details
    • Contact for pricing
      3,930 SF

      Extended Stay Motel Near I-4

      Extended-stay motel with apartment, near I-4 and Daytona Beach.
      1327 S Ridgewood Ave, Daytona Beach, FL 32114
      View Details
    • $2,600,000

      Daytona Beach Hotel Investment Opportunity

      23-room hotel near beaches and Daytona International Speedway.
      619 N Ridgewood Ave, Daytona Beach, FL 32114
      View Details
    • Contact for pricing
      6,210 SF

      Daytona Beach Remodeled Mixed-Use Property

      Remodeled mixed-use property in Daytona Beach, close to amenities.
      1020 S Ridgewood Ave, Daytona Beach, FL 32114
      View Details
    • Contact for pricing

      Commercial Land at One Daytona

      4.7 acres ideal for hotel, retail, restaurant, office.
      East Entrance To 1 Daytona On Bill France Blvd, Daytona Beach, FL 32114
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr

      Downtown Daytona Beach Office Space

      2,000 SF office space for lease in Daytona Beach.
      222 South Beach St, Daytona Beach, FL 32114
      View Details
    • $3,400 /Mo

      Daytona Beach Office Space Available

      Office space for rent at 115 S Palmetto Avenue.
      115 S Palmetto Ave, Daytona Beach, FL 32114
      View Details
    • $5,676 /Mo
      4,865 SF

      Daytona Beach Flex/Showroom Opportunity

      4,865 SF flex/showroom space in Daytona's Design District.
      566 Ballough Rd, Daytona Beach, FL 32114
      View Details
    • $20 SF/Yr
      39,872 SF

      Halifax Harbor Plaza Office Suites

      Office suites with Intracoastal Waterway views in Daytona Beach.
      125 Basin St, Daytona Beach, FL 32114
      View Details
    • $9 SF/Yr
      86,000 SF

      Daytona Beach Warehouse Space Available

      10,320 SF warehouse space near Daytona International Speedway.
      2107 Bayless Blvd, Daytona Beach, FL 32114
      View Details
    • $1,749 /Mo
      10,000 SF

      Daytona Beach Flex Office/Warehouse

      1,000 SF flex space with office and warehouse.
      512 Fentress Blvd, Daytona Beach, FL 32114
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1401 S Ridgewood Ave
    Daytona Beach, FL 32114
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1401 S Ridgewood Ave, Daytona Beach, FL, 32114
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!