1503 S Atlantic Ave is a 28,654 sq ft Hotel or motel in Daytona Beach. It was built in 1958. In 2015 similar properties sold for between $1,000,598 and $1,000,598. We estimate the income value of 1503 S Atlantic Ave at $7,553,744. The assumptions we used to calculate this value are include in the spreadsheet linked below. Daytona Beach is in Volusia County County, Florida.

1503 S Atlantic Ave Property Summary

1503 S Atlantic Ave
Daytona Beach
FL 32118

Property Size:28,654 sq ft
Year Built:1958
Property Class:C2
Lat, Long: 29.209, -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.

Estimated Value: 1503 S Atlantic Ave

Market Data

In 2015 class A hotel or motel properties in Daytona Beach sold for $66.67 to 66.67 per sq ft with a median price per sq ft of $66.67. Class B properties sold for $34.93 to 66.66 per sq ft with a median of $50.61 and class C properties sold for $34.92 to 34.92 per sq ft with a median of $34.92.

Market Valuation

1503 S Atlantic Ave appears to be a C Class property. Suggested value: $1,000,598

HighMedianLow
Value1,000,598 1,000,598 1,000,598

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $7,553,744. 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.

Amount
Monthly Rent87,657
Annual Rent per Sq Ft36.71
Gross Annual Rent1,051,888
Vacancies and Bad Debt23%
Vacancies and Bad Debt Amount236,675
Maintenance14,900
HOA, Utilities and CAM0
Property Taxes11,161
Insurance27,794
Management Fees81,521
NOI679,837
Cap Rate9
Estimated Value7,553,744
Edit Values and Estimate Cashflow Estimate Cashflow
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Page 1 of 2. Click on the Estimate Cashflow link to navigate to Page 2.

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 $47,798. The bottom 10% of the population earn less than $13,709 per year. The top 10% earn more than $128,108 per year. The top 1% earn more than $430,659 per year. Most renters earn between $23,856 (20th percentile) and $37,308 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $95,596 and $119,495.

Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates

Local Rents

The median monthly rent in this part of Florida is $829. Most renters earn between $1,988 and $3,109 per month. They typically spend 37% of their monthly income on rent. Most rents fall in the $597 (20th percentile) to $1,107 (80th percentile) range. The residential vacancy rate is 5%.

Links

  1. 1503 S Atlantic Ave, Daytona Beach, FL on Google Maps
  2. 1503 S Atlantic Ave Walkscore
  3. Daytona Beach, FL Property Values on Trulia
  4. 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. Omg Massage LLC (1426 S Atlantic Ave)
  2. Mangelis, LLC (1620 S Atlantic Ave)
  3. Aumganesh LLC (1601 S Atlantic Ave)
  4. In The Shadows LLC (1500 S Atlantic Ave)
  5. De Nure Tours, Inc. (1515 South Atlantic Ave)
  6. Deepa Investment, Inc. (1503 S Atlantic Ave)
  7. Barrellicious, LLC (1508 S Atlantic)
  8. Hc Cigars Daytona LLC (1508 S Atlantic Ave)
  9. 1508, LLC (1508 S Atlantic Ave)

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.