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Property profile & analytics
OFF-MARKET
Estimated value
$6,625,000
Hotels
3247 Atlantic Ave Daytona Beach, FL 32118-6256
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-3158141
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
24,016 SF
Lot
0.83 ac (35,960 SF)
Zoning code
T
APN
5335-02-15-0050
UPID
US18-3158141
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
-
Atlantic Ocean Palm Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.32M
Blend (final)
Blend
$6.63M
Owner & transaction history
Florida First Capital Finance Corp · 1 yrs held
Florida First Capital Finance Corp
since 2025
Last sale
$6.5M
7 recorded transactions
Zoning & alternative use
T · Daytona Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$7.1M
+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
$6,855,000
ML approach
$7,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$6,690,000
Current use
WAREHOUSE, STORAGE
$7,145,000
Change: +7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,965,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$6.63M
Range $5.96M – $7.29M · ±10% · vs last sale $6.47M (Jun 6 2023)
Last sale anchor
$6.47M
Jun 6 2023
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
$276 / 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
$44,158
Tax year 2023
Assessed value
$2,741,373
Assessed 2023
Previous assessed
$2,763,123
-0.8% YoY
Effective rate
1.61%
On assessed value
Assessed land
$1,456,380
Assessed improvement
$1,284,993
Land market value
$1,456,380
Improvement market value
$1,284,993
Total market value
$2,741,373
Applied tax rate
403.0000
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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Units
50
Bathrooms
50
Total area
24,016 SF
Lot
0.83 ac (35,960 SF)
Zoning code
T
APN
5335-02-15-0050
UPID
US18-3158141
Jurisdiction
VOLUSIA
Zoning & alternative use
T · Daytona Beach, FL
Zoning T · permitted uses
T · Daytona Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Daytona Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$6.7M
WAREHOUSE, STORAGE
Est. value
$7.1M
AUTO REPAIR, GARAGE
Est. value
$6.0M
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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
50
Bathrooms
50
Lot
0.83 ac
Current owner
From public records · entity-resolved
Florida First Capital Finance Corp
Entity
Mailing address
320 5TH AVE RM #1000, NEW YORK, NY 10001-3252
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 9, 2025
—
Florida First Capital Finance Corp
Ambros Hotel Management LLC
Deed
—
Oct 14, 2024
—
Ambros Daytona Owner LLC
—
Deed
related
$4,740,000 · Florida Department Of Commerce
Jun 6, 2024
—
Ambros Daytona Owner LLC
—
Deed
related
$1,000,000 · Florida Department Of Commerce
Jun 6, 2023
$6,470,000
Ambros Daytona Owner LLC
Omkara Investments LLC
Special Warranty Deed
$7,900 · Vast Bank NA
Jun 4, 2018
—
Omkara Investments LLC
—
Deed
related
$2,100,000 · Intracoastal Bank
Apr 24, 2014
$2,500,000
Omkara Investments LLC
Pemmobro INC
Warranty Deed
$2,155,000 · Pacific Premier Bank
Dec 29, 1998
$1,650,000
Pemmobro INC
Far East Resort INC
Grant Deed
$1,125,000 · Money Store Investment Corp
—
—
Pemmobro INC
—
Deed Of Trust
related
$1,000,000 · Bank Of America
—
—
3245 Atlantic INC
—
Deed Of Trust
related
$115,700 · Us Small Business Admn
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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