
Commercial Sale · Hotel/Motel
828 RIDGEWOOD AVENUE, HOLLY HILL, FL, 32117
Active47 days on marketListed Sep 21, 2026MLS #O6443334
About this property
The property at a glance
Rare opportunity to acquire the Indian Palm Motel, a well-established 14-unit motel offering an attractive approximately 15% cap rate, strong existing cash flow, and significant upside potential. This is a true income-producing asset where the right owner/operator may be able to increase revenue and profitability through improved management, marketing, pricing, and targeted property enhancements. Situated on approximately 0.56 acres along highly traveled Ridgewood Avenue/US-1 in Holly Hill, the property offers excellent visibility and accessibility, with 14 guest units, on-site office, coin-operated laundry, and 15 dedicated parking spaces. Located approximately 3 miles from Daytona Beach and 5 miles from Daytona International Speedway, the motel benefits from year-round tourism, major events, seasonal travel, local business activity, and the continued growth of the Daytona Beach market. The property has an established operating history and recurring demand, providing an investor with immediate cash flow and multiple opportunities to create additional value. A new owner who brings strong hospitality management and a proactive operating strategy could potentially push NOI and returns well beyond the current performance. Strong yield, established income, prime location, and substantial value-add potential make the Indian Palm Motel an exceptional opportunity for an investor seeking a high-performing hospitality asset with room to grow.
3,950
Building sq ft
$304
Price / sq ft
0.56
Lot acres
1946
Year built
3
Buildings
09B4
Zoning
Hotel/Motel
Property type
The numbers
Investment snapshot
15.3%
Cap rate
$183,400
Net operating income
$218,400
Gross income (yr)
Estimated payment (illustrative)
Estimated payment
$6,999/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Zack to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
30,955
Population
$56,419
Median income
41
Median age
2.36
Avg household
$191,500
Median home value
$1,565/mo
Median rent
3,374
Households w/ kids
Recent sales
What actually sold near 828 RIDGEWOOD AVENUE
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.

$791,000
1028 RIDGEWOOD AVENUE
3,700 sqft · $214/sqft · Sold Jul 24, 2026

$950,000
222 MADISON AVENUE
6,741 sqft · $141/sqft · Sold Mar 10, 2026

$9,000,000
1025 S ATLANTIC AVENUE
Sold Jul 1, 2026
Your team
The pros in your corner
Your agent
Zack Zonker
President Tampa Division · CENTURY 21 Edge
Tours, offers, and every question about 828 RIDGEWOOD AVENUE — start here.

Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 828 RIDGEWOOD AVENUE.
See it in person
Schedule a tour
Live availability from Zack's calendar — pick a time and it's booked.
Listing courtesy of JUPITER PROPERTIES, INC · Sulamita Del Valle. MLS #O6443334.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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