481 Deltona BlvdDeltona, FL 32725

Property Details for 481 Deltona Blvd

Year built

1965

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

3.67 AC

Property size (Sq ft)

31,680 SF

Zone code

B

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

8036-13-00-0010

APU

803613000010

Description

This exceptional investment opportunity presents a 130-key Travelodge by Wyndham hotel in Deltona, Florida. Boasting 71,146 square feet across three buildings on a 3.67-acre lot, this property offers significant upside potential. The hotel, built in 1965 and extensively renovated in 2022, features 130 guest rooms, including two two-room suites, and provides ample parking for 200 vehicles. The main building includes a spacious reception area with administrative offices, a front desk, a lounge, a breakfast area, and an unfinished space ideal for expansion into a meeting room or restaurant. Guests enjoy a refreshing pool and patio area. The property's strong location in Volusia County, at 481 Deltona Blvd, Deltona, FL 32725, benefits from proximity to major highways, dining establishments (including Miller's Ale House and Donuts Plus), and recreational amenities at Green Springs Park. Nearby medical facilities like AdventHealth Fish Memorial and educational institutions such as Daytona State College further enhance the area's appeal. The hotel currently operates at 48% occupancy, generating a Net Operating Income (NOI) of $569,219 and a 6.32% cap rate. The asking price is $9,000,000, representing a price per key of $69,231 and a price per square foot of $126.50. The property is zoned C2 - General Commercial and has an APN of 803613-0000-10. This is an owner/user investment opportunity with significant potential for increased revenue and profitability.

• CAP approach

  CAP return

  Valuation

  6%

  $6,686,810

  6.5%

  $6,172,440

  7%

  $5,731,552

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,481,480

  Geo Method

  $5,481,480

• Alternative Use

  Use

  Valuation

  Residential

  $6,172,440

  Hospitality

  $5,653,922

  Educational

  $4,703,996

  Medical

  $4,865,774

  Retail

  $7,317,328

Location Insight

City

Deltona

County

Volusia

State

Florida

Latitude

28.8747

Longitude

-81.2807

CBSA code

19660

CBSA name

DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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