1503 S Atlantic Ave, Daytona Beach

Usage

Hotel or motel

Address:

1503 S Atlantic Ave
Daytona Beach
FL 32118

Property Size:7,439 sq ft
Year Built:1958
Property Class:C2
Latitude:29.209
Longitude:-80.999

Not Offered for Sale

This property is not currently for sale by Visulate but we may be able to find something similar. Contact us for details.

Welcome to Visulate

Visulate is a real estate brokerage based in Merrit Island, Florida. We have assembled a database with details of every property in Florida. Finding the property on our site does not necessarily mean it is for sale or rent at this time.

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Estimated Value: 1503 S Atlantic Ave

Market Data

In 2013 class A hotel or motel properties in Daytona Beach sold for $65.37 to 360.26 per sq ft with a median price per sq ft of $360.26. Class B properties sold for $34.01 to 65.36 per sq ft with a median of $57.61 and class C properties sold for $34.00 to 34.00 per sq ft with a median of $34.00.

Market Valuation

1503 S Atlantic Ave appears to be a C Class property. Suggested value: $252,926

HighMedianLow
Value252,926 252,926 252,926

Income Valuation - Triple Net Lease

Visulate estimates the income value of this property is $233,322. Details of how we produced this estimate value appear below:

The following table shows a income valuation estimate for 1503 S Atlantic Ave. Download a spreadsheet or click on the Estimate Cashflow link to change its estimates and assumptions. Alternatively, click on the Save button to upload a copy of the spreadsheet to Google Drive.

Net lease values for maintenance, property tax, utilities and insurance shown below are calculated as a percentage of the full amount based on the vacancy percentage.

Amount
Monthly Rent3,949
Annual Rent per Sq Ft6.37
Gross Annual Rent47,386
Vacancies and Bad Debt35%
Vacancies and Bad Debt Amount16,585
Maintenance1,354
HOA, Utilities and CAM0
Property Taxes4,075
Insurance2,526
Management Fees1,848
NOI20,999
Cap Rate9
Estimated Value233,322
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Volusia County County, Florida

Volusia County is in East Central Florida. The main cities in Volusia County are Deltona (population 85,182), Daytona Beach (population 61,005) and Port Orange (population 56,048)

[Tax Value] [Tax History] [Sales History]
Search County Property Tax and Court Records

Select a county from the list then click on the links to connect to the Property Appraiser or Clerk of Courts website

Local Household Income

The median household income in this part of Florida is $48,934. The bottom 10% of the population earn less than $14,672 per year. The top 10% earn more than $130,808 per year. The top 1% earn more than $454,243 per year. Most renters earn between $23,760 (20th percentile) and $37,404 (80th percentile) per year.

Source: US Census American Community Survey - 2007-2011 ACS 5-year PUMS estimates

Local Rents

The median monthly rent in this part of Florida is $826. Most renters earn between $1,980 and $3,117 per month. They typically spend 36% of their monthly income on rent. Most rents fall in the $595 (20th percentile) to $1,091 (80th percentile) range. The residential vacancy rate is 5%.

Links

  1. 1503 S Atlantic Ave, Daytona Beach, FL on Google Maps
  2. Daytona Beach, FL Property Values on Trulia
  3. Search for EPA and DEP Cleanup Sites

Owner Details

Companies at this Address

  1. Principal Address for Deepa Investment, Inc.
  2. Mailing Address for Deepa Investment, Inc.

Companies near this Address

  1. 1601 South Atlantic, LLC (1601 South Atlantic Ave)
  2. De Nure Tours, Inc. (1515 South Atlantic Ave)
  3. Deepa Investment, Inc. (1503 S Atlantic Ave)
  4. Cuban Crafters Cigars Daytona LLC (1508 S Atlantic Ave)
  5. Hc Cigars Daytona LLC (1508 S Atlantic Ave)
  6. In The Shadows LLC (1500 S Atlantic Ave)
  7. Barrellicious, LLC (1508 S Atlantic)

Sales History

DateSold BySold ToDeed TypePrice
11/15/1980 Not Recorded Not Recorded Warranty Deed/Special Warranty Deed 486,100.00
06/15/1993 Not Recorded Buyer: 1049186 Warranty Deed/Special Warranty Deed 480,000.00
Disclaimers and Disclosures

Public Records Data

The information on this page was compiled from public records. It is deemed reliable but not guaranteed to be an accurate snapshot of the property details at the time the snapshot was taken. All information should be independently verified.

The Visulate site was produced from data and information compiled from recorded documents and/or outside public and private sources. Visulate is not the custodian of public records and does not assume responsibility for errors or omissions in the data it displays or for its misuse by any individual.

In the event of either error or omission, Visulate and any 3rd party data provider shall be held harmless from any damages arising from the use of records displayed on the site.