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    2620 W International Speedway Blvd Daytona Beach, FL 32114
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    Property profile & analytics

    2620 W International Speedway Blvd Daytona Beach, FL 32114

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    • Hotels
    • 81,621 SF
    • 8.77 lot acres
    For Sale
    $10,000,000
    View Listing →
    Best Western International Speedway Hotel For Sale
    $10,000,000
    8.77 Acres

    Best Western International Speedway Hotel

    151-room hotel on 8.77 acres in Daytona Beach, FL.

    2620 W International Speedway Blvd, Daytona Beach, FL 32114
    View Listing
    Property ID
    US18-4597100
    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

    • Best Western International Speedway Hotel / Hotel & Motel
    • Georgia Military College / College

    Property Details for 2620 W International Speedway Blvd

    Year built
    1975
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    8.77 lot acres
    Property size
    81,621 SF
    Property type
    Hotels
    APN
    5227-00-00-0010
    APU
    522700000010

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,885,000
      6.5%
      $4,510,000
      7%
      $4,185,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.0846
    Latitude
    29.1757
    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
    $93,676
    $1,323,377
    $4,431,638
    $5,755,015
    -
    $1,323,377
    $4,431,638
    $5,755,015

    Comparable in this City

    • Value Estimation
      $4,115,000
      86,064 SF

      189 Midway Ave

      HOTEL • 86,064 SF
      189 Midway Ave, Daytona Beach, FL 32114-3815
      View Details
    • Value Estimation
      $3,925,000
      88,633 SF

      1725 Richard Petty Blvd

      HOTEL • 88,633 SF
      1725 Richard Petty Blvd, Daytona Beach, FL 32114-3803
      View Details
    • Value Estimation
      $1,360,000
      25,632 SF

      1242 Ridgewood Ave

      HOTEL • 25,632 SF
      1242 Ridgewood Ave, Daytona Beach, FL 32114-6178
      View Details
    • Value Estimation
      $2,610,000
      56,027 SF

      1715 International Speedway Blvd

      HOTEL • 56,027 SF
      1715 International Speedway Blvd, Daytona Beach, FL 32114-1303
      View Details
    • Value Estimation by Request
      0.44 Acres

      1870 Victory Cir

      HOTEL/MOTEL • 0.44 Acres
      1870 Victory Cir, Daytona Beach, FL 32114-0006
      View Details
    • Value Estimation
      $3,900,000
      62,538 SF

      1820 Checkered Flag Blvd

      HOTEL • 62,538 SF
      1820 Checkered Flag Blvd, Daytona Beach, FL 32114-1266
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Best Western International Speedway Hotel

      151-room hotel on 8.77 acres in Daytona Beach, FL.
      2620 W International Speedway Blvd, Daytona Beach, FL 32114
      View Details
    • $15,000,000

      Renovated Hotel Near Daytona Speedway

      76-key Marriott hotel near Daytona Speedway, fully renovated.
      90 Professional Blvd, 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
    • $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
    • $1,350,000
      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

    Similar Nearby for Lease

    • $4,175 /Mo
      34,442 SF

      Daytona Beach Class A Office

      Class A office space with waterfront views and 24-hour security.
      825 Ballough Rd, Daytona Beach, FL 32114
      View Details
    • $3,500 /Mo
      350 SF

      Restaurant Space on Beach Approach

      Restaurant space for lease with patio directly on the beach.
      817-825 E International Speedway Blvd, Daytona Beach, FL 32114
      View Details
    • Contact for pricing

      Commercial Land on Beville Road

      Commercial land available for rent with high traffic frontage.
      Beville Rd, Daytona Beach, FL 32114
      View Details
    • Contact for pricing
      40,000 SF

      Daytona Commercial Interchange Parcel Opportunities

      Multiple parcels at Daytona's best commercial interchange for rent.
      N Williamson Blvd, Daytona Beach, FL 32114
      View Details
    • Contact for pricing
      8,704 SF

      Prominent Shopping Center For Rent

      High-visibility shopping center near new multifamily developments and Daytona events.
      1413-1551 S Nova Rd, Daytona Beach, FL 32114
      View Details

    Property Visit Statistics

    • Visits by month
      5.8k
    • Visitors by month
      3.6k
    • Avg Time on site
      426 min
    View Listing
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    Daytona Beach, FL 32114
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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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