Log In/Sign Up
Your email has been sent.
Tropical Gables Motel 1245 Ridgewood Ave 15 Room Hotel Daytona Beach, FL 32117 $1,300,000 ($86,667/Room) 13.70% Cap Rate
INVESTMENT HIGHLIGHTS
- Great potential income property
- shortterm or long term rentals
EXECUTIVE SUMMARY
Unique Investment Opportunity in Holly Hill, FL Discover a versatile investment property featuring nine sturdy concrete block structures offering a total of 15 rentable units. Currently operated as a motel, this property presents significant potential for expansion, redevelopment, or continued hospitality use. Property Highlights: Nine concrete block buildings 15 rentable units Off-street parking for guests and tenants Prime location in the heart of Holly Hill, Florida Close proximity to major highways, shopping centers, beaches, hospitals, and House of worship. This property offers an excellent opportunity for investors seeking a well-located asset with immediate income potential and room for growth. Whether you're looking to continue as a motel, convert to apartments, or explore other uses, this site provides a solid foundation for your investment plans. Property is in need of some TLC.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$253,500
|
$62.04
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$25,350
|
$6.20
|
| Effective Gross Income |
$228,150
|
$55.84
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$50,000
|
$12.24
|
| Net Operating Income |
$178,150
|
$43.60
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $253,500 |
| Annual Per SF | $62.04 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $25,350 |
| Annual Per SF | $6.20 |
| Effective Gross Income | |
|---|---|
| Annual | $228,150 |
| Annual Per SF | $55.84 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $50,000 |
| Annual Per SF | $12.24 |
| Net Operating Income | |
|---|---|
| Annual | $178,150 |
| Annual Per SF | $43.60 |
PROPERTY FACTS
| Price | $1,300,000 | Lot Size | 0.45 AC |
| Price Per Room | $86,667 | Building Size | 4,086 SF |
| Sale Type | Investment | No. Rooms | 15 |
| Cap Rate | 13.70% | No. Stories | 1 |
| Sale Condition | 1031 Exchange | Year Built | 1948 |
| Property Type | Hospitality | Parking Ratio | 2.94/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | 09B4 - Business - 4 | ||
| Price | $1,300,000 |
| Price Per Room | $86,667 |
| Sale Type | Investment |
| Cap Rate | 13.70% |
| Sale Condition | 1031 Exchange |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 4,086 SF |
| No. Rooms | 15 |
| No. Stories | 1 |
| Year Built | 1948 |
| Parking Ratio | 2.94/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | 09B4 - Business - 4 |
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 15 | $61.00 | - |
PROPERTY TAXES
| Parcel Number | 4242-50-07-0060 | Improvements Assessment | $157,433 |
| Land Assessment | $86,680 | Total Assessment | $244,113 |
PROPERTY TAXES
Parcel Number
4242-50-07-0060
Land Assessment
$86,680
Improvements Assessment
$157,433
Total Assessment
$244,113
1 of 7
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Tropical Gables Motel | 1245 Ridgewood Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.