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    Property profile & analytics

    3221 Atlantic Ave Daytona Beach Shores, FL 32118

    • Motels
    • 4,339 SF
    • 0.35 lot acres
    For Sale
    View listing
    $1,990,000
    Last Sale
    Jan 03, 2024
    $2,150,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2238658
    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

    • Daytona Shores Inn And Suites / Motel / Hotel

    Property Details for 3221 Atlantic Ave

    Year built
    1950
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.35 lot acres
    Property size
    4,339 SF
    Zone code
    T
    Property type
    Motels
    APN
    5335-01-02-0010
    APU
    533501020010

    Description

    Prime investment opportunity: Daytona Beach Shores' Daytona Shores Inn & Suites, a 10-key oceanfront hotel, is available for $1,990,000. This value-add property boasts a projected 10.75% cap rate and a $214,000 projected net operating income (NOI). The property includes a three-bedroom, two-bathroom owner's unit, allowing for owner occupancy and rental income generation. All units feature either full kitchens or kitchenettes. Recent improvements include a new metal roof and upgraded windows, along with significant room renovations by the previous owner. The seller is currently upgrading the seawall and pool. Attractive below-market owner financing may be available. An adjacent property, comprising eight villas (two two-bedroom units and six one-bedroom units), presents a potential expansion opportunity (sold separately). This coastal property is ideal for an owner-operator seeking a blend of personal enjoyment and strong rental income, or for an out-of-state investor seeking a turnkey hospitality operation currently utilized as a hotel, motel, and Airbnb. All information should be independently verified by prospective buyers. Located at 3221 S Atlantic Ave, Daytona Beach Shores, FL 32118.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,150,000
      ML approach
      $2,150,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,859,000
      Market price range: $810k - $1.86M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,290,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -80.9729
    Latitude
    29.1591
    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
    $16,720
    $625,725
    $362,996
    $988,721
    -
    $625,725
    $362,996
    $988,721

    Comparable in this City

    • Value Estimation by Request

      2525 Atlantic Ave

      HOTEL/MOTEL
      2525 Atlantic Ave, Daytona Beach, FL 32118-5502
      View Details
    • Value Estimation by Request

      3233 Atlantic Ave

      HOTEL/MOTEL
      3233 Atlantic Ave, Daytona Beach, FL 32118-6256
      View Details
    • Value Estimation by Request

      1018 Atlantic Ave

      HOTEL/MOTEL
      1018 Atlantic Ave, Daytona Beach, FL 32118-3627
      View Details
    • Value Estimation
      $710,000
      3,424 SF

      2237 Atlantic Ave

      MOTEL • 3,424 SF
      2237 Atlantic Ave, Daytona Beach, FL 32118-5319
      View Details
    • Value Estimation by Request
      5,471 SF

      906 Atlantic Ave

      MOTEL • 5,471 SF
      906 Atlantic Ave, Daytona Beach, FL 32118-4763
      View Details
    • Value Estimation by Request

      3355 Atlantic Ave

      HOTEL/MOTEL
      3355 Atlantic Ave, Daytona Beach, FL 32118-6308
      View Details

    Similar Nearby for Sale

    • $6,800,000

      Oceanfront Daytona Beach Hotel

      Renovated Retro Hotel, 40 Keys
      1306 Atlantic Ave, Daytona Beach, FL 32118
      View Details
    • $1,390,000

      3222 Atlantic Ave

      Motels
      3222 Atlantic Ave, Daytona Beach, FL 32118
      View Details
    • $2,900,000
      33,000 SF

      1600 Per Month Per Unit-44 UNITS

      RECESSION-RESILIENT EXTENDED-STAY HOTEL — CASH FLOW IN ANY MARKET
      1215 n Atlantic Ave, Daytona Beach, FL 32118
      View Details
    • $5,000,000

      Daytona Beach Motel - $5M

      45-key motel, 11.14% cap rate, high occupancy.
      444 Seabreeze Blvd, Daytona Beach, FL 32118
      View Details
    • $1,650,000

      Oceanfront Motel Investment Opportunity

      12-Unit Motel, High Cap Rate, Owner Finance Possible
      3720 Atlantic Ave, Daytona Beach Shores, FL 32118
      View Details
    • $2,800,000
      10,089 SF

      Oceanfront Daytona Beach Hotel

      28-Room Boutique Hotel, High ROI
      808 Atlantic Ave, Daytona Beach, FL 32118
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      7,200 SF

      Daytona Beach Retail Opportunity

      Beachfront retail, high-traffic location.
      537 Atlantic Ave, Daytona Beach, FL 32118
      View Details
    • $6,021 /Mo
      3,284 SF

      Renovated Office Building with Ocean Views

      Renovated office suites with ocean views in Daytona Beach.
      140 S Atlantic Ave, Daytona Beach, FL 32118
      View Details
    • $9,500 /Mo
      5,105 SF

      Daytona Beach Shores Restaurant Opportunity

      Restaurant space for lease in Daytona Beach Shores, Florida.
      3162 S Atlantic Ave, Daytona Beach, FL 32118
      View Details
    • $1,395 /Mo
      34,000 SF

      Daytona Beach Condos For Rent

      Two-bedroom condos in Daytona Beach with ocean views.
      1825 N Atlantic Ave N, Daytona Beach, FL 32118
      View Details
    • Contact for pricing

      Daytona Beach Commercial Land Opportunity

      Beachfront Land: Build-to-Suit or Lease
      1102 Atlantic Ave, Daytona Beach, FL 32118
      View Details
    • Contact for pricing
      15,360 SF

      Daytona Beach Executive Office Suite

      Prime Beachfront Office Space, High Visibility
      433 Silver Beach Ave, Daytona Beach, FL 32118
      View Details
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    Daytona Beach Shores, 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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