2904 International Speedway BlvdDaytona Beach, FL 32124

Property Details for 2904 International Speedway Blvd

Year built

1972

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.98 AC

Property size (Sq ft)

53,760 SF

Zone code

B6

Property type

Hotels

APN

5227-00-00-0030

APU

522700000030

Description

This 164-key, two-story Days Inn by Wyndham Daytona Beach Speedway hotel presents a compelling investment opportunity. Built in 1972, the property sits on a 2.98-acre lot and boasts an exterior corridor design. Its strategic location directly off Interstate 95 and International Speedway Boulevard offers exceptional visibility and accessibility, with high average daily traffic counts. The hotel is ideally situated near major attractions, including Daytona International Speedway (2.2 miles), Daytona Beach International Airport (3.4 miles), and Daytona Beach (5.3 miles), ensuring consistent demand from both leisure and business travelers. Proximity to Daytona State College and Embry-Riddle Aeronautical University further enhances its appeal to students and faculty. The hotel includes amenities such as an outdoor pool, business center, dining area, fitness center, guest laundry, and a free shuttle service to the Speedway. Financial highlights include a list price of $7,600,000, with projected revenue and capitalization rates available upon request. The property offers significant upside potential through a potential conversion to a dual-brand Econo Lodge/Suburban Studios, leveraging the strong brand recognition of established hotel franchises. This conversion, estimated at $750,000 (subject to verification), would allow the property to cater to both leisure and extended-stay guests. Alternatively, a property improvement plan to retain the Days Inn flag is estimated at $500,000+ (subject to verification). The property's strong performance, ranking third out of six competitors in its market for RevPAR index penetration, demonstrates its potential for continued growth and profitability. The Daytona Beach area attracts millions of tourists annually, fueled by events like the Daytona 500 and Daytona Bike Week, ensuring a robust and diverse customer base. This property offers a unique blend of established performance and significant growth potential in a high-demand market.

• CAP approach

  CAP return

  Valuation

  6%

  $7,663,000

  6.5%

  $7,073,540

  7%

  $6,568,290

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,101,040

  Geo Method

  $5,101,040

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $18,752,400

  Retail / Commercial

  $9,634,820

  Mixed-Use / Specialty

  $9,615,200

  Office

  $9,573,420

  Institutional / Educational

  $10,001,200

  Residential Income

  $11,701,400

  Multifamily

  $13,952,400

  Automotive / Energy

  $8,572,450

  Parking / Income-Based Land

  $2,943,700

  Restaurant / Food Service

  $5,032,370

  Healthcare / Senior Housing

  $9,845,110

Location Insight

City

Daytona Beach

County

Volusia

State

Florida

Latitude

29.1712

Longitude

-81.0869

CBSA code

19660

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].