Ranch Motel | 1028 Ridgewood Ave
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Ranch Motel 1028 Ridgewood Ave
12 Room Hotel Daytona Beach, FL 32117 $1,151,000 ($95,917/Room) 10.43% Cap Rate
Investment Highlights
- High traffic ,US 1 commercial route ,Tourist area mainland ,1 story building
- Brick walls , Solid construction , Cars and RV Parking available.
- Lots of lights from Pictona in the rear and front by the City center .
Executive Summary
The Ranch Motel is a 12-unit with owners apartment establishment in Daytona Beach, near LPGA Boulevard, which leads to the Tanger Outlets. It is situated directly in front of the Daytona Pictona Field, attracting high traffic from tourists and players who appreciate the convenience of walking access. Guests at the motel can enjoy a good view and are within walking distance of the river, adding to the appeal of their stay in Daytona Beach. Close to the beaches with, bountiful fishing, beachside shops, waterfront restaurants, and State parks. Its laid-back atmosphere and retro vibe make it a popular destination for vacationers looking for a blend of relaxation and things to do This is a turn-key operation with several 5-star reviews on TripAdvisor. The motel is in a growing business area, with the YMCA located across the street and the Holly Hill Outpost directly opposite.call Terry Sitaram @ 386 237 4444 for more information .
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,151,000 | Building Size | 3,832 SF |
| Price Per Room | $95,917 | No. Rooms | 12 |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 10.43% | Year Built | 1948 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 3.39/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 0.41 AC | Opportunity Zone |
Yes
|
| Price | $1,151,000 |
| Price Per Room | $95,917 |
| Sale Type | Investment |
| Cap Rate | 10.43% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 3,832 SF |
| No. Rooms | 12 |
| No. Stories | 1 |
| Year Built | 1948 |
| Tenancy | Single |
| Parking Ratio | 3.39/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
Amenities
- Beach (direct access)
- Public Access Wifi
- Multi-Room Suites
- Smoke Detector
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 12 | $94.00 | - |
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Bike Score ®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 4242-62-05-0060 | Total Assessment | $136,177 |
| Land Assessment | $70,920 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $65,257 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
4242-62-05-0060
Land Assessment
$70,920
Improvements Assessment
$65,257
Total Assessment
$136,177
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
zoning
| Zoning Code | 09B4 (Commercial; Hotel/Motel; Mixed Use; Residential) |
| 09B4 (Commercial; Hotel/Motel; Mixed Use; Residential) |
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Ranch Motel | 1028 Ridgewood Ave
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