Drive-Through Restaurant with
For Sale
$428,888
1216 S Ridgewood Avenue, Daytona Beach, FL 32114
COMMERCIAL - Daytona Beach, FL
Property Size2,389 SF
Lot Size0.38 Acres
Price / SF$179.53
Days on Market15
Property Features for 1216 S Ridgewood Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
3
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 1, Bathroom 3, Bathroom 2
Parking features
Parking Lot, RV
Lot features
Few Trees, Irregular Lot
Directions
From Beville Road on US-1/Ridgewood Ave. Head North on US-1/Ridgewood, once you pass the corner of Wilder look Left across the street. ...there she is; the HotSpot Coffee Shoppe. 1216 S. Ridgewood Ave.
Subdivision
25 - Daytona S of Beville, E of Nova
Standard status
Active
APN
5340-03-03-0080
Size
2,389 SF
Lot size
0.38 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
40-15-33 LOT 8 & LOT 9 EXC E 20 FT TO STATE WILDER & HOWE MB 6 PG 152 MB 20 PG 94 OF BETHUNE GRANT MB 1 PG 56 MB 12 PG 41 PER OR 4811 PG 2943 & OR 5569 PG 3769
Tax Annual Amount
2906
Legal Description
40-15-33 LOT 8 & LOT 9 EXC E 20 FT TO STATE WILDER & HOWE MB 6 PG 152 MB 20 PG 94 OF BETHUNE GRANT MB 1 PG 56 MB 12 PG 41 PER OR 4811 PG 2943 & OR 5569 PG 3769
Amenities
ADA compliant rest rooms
Building Details
Year built
1947
Floors in Building
2
Number of units
1
Listing Agency:
A.H. Stone & Associates Inc · Century 21 Real Estate
(386) 673-3000
Listed By:
John Decarie
(386) 334-0996
Added: Jul 27
Changed: Aug 4
Last Checked: Aug 10 at 7:06AM
MLS# 1229048
Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,389-square-foot drive-through restaurant property includes a second-floor apartment with one bedroom and one bathroom. The commercial space provides room for a kitchen and preparation stations, along with ADA-compliant restrooms and a drive-through window. Four HVAC units are in operation, and the building was constructed in 1947.
The 0.38-acre property includes 29 parking spaces, with potential to restripe for additional spaces. A pylon sign provides visibility from both sides. The roof was replaced in March of 2024 and carries a transferrable 50-year warranty. The property is located at 1216 S Ridgewood Avenue in Daytona Beach, Florida.
The 0.38-acre property includes 29 parking spaces, with potential to restripe for additional spaces. A pylon sign provides visibility from both sides. The roof was replaced in March of 2024 and carries a transferrable 50-year warranty. The property is located at 1216 S Ridgewood Avenue in Daytona Beach, Florida.
Key Highlights
- 2,389‑square‑foot drive‑through restaurant property with second‑floor apartment
- Second‑floor living quarters include one bedroom and one bathroom
- 29 parking spaces on a 0.38‑acre property
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,278
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$725,560
$725.6K
Cap Rate 7%
$518,257
$518.3K
Cap Rate 9%
$403,089
$403.1K
Market Conditions
NOI Build-Up for 2,389 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$52.5K $21.96/SF
− Vacancy
−$4.1K −$1.71/SF
EGI
$48.4K $20.25/SF
− OpEx
−$12.1K −$5.06/SF
NOI
$36.3K $15.19/SF
Area
Volusia County, FL
Vacancy
7.80%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$725,560
Cap Rate 7%
$518,257
Cap Rate 9%
$403,089
Alternative Uses
Best Use
Specialty Retail
$518.3K
$453.5K – $604.6K
NOI $36,278 @ 7.0% cap · market cap 8.46%
Second Best
Office B
$511.4K
$447.5K – $596.7K
NOI $35,799 @ 7.0% cap · market cap 8.35%
Theoretical Best
Office A
$704.4K
$616.4K – $821.8K
NOI $49,309 @ 7.0% cap · market cap 11.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,817
Businesses Nearby
Explore this area
Business Placement
Demographics for 32114, FL
34,943
Population
17,118
Households
2
Avg Household Size
33
Median Age
19%
College-Educated
89%
High-School Grad
16.0 sq mi
ZIP Area
2,184
Density / Sq Mi
$39,906
Median Household Income
$31,220
Median Earnings
$1,171
Median Rent
$174,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Two-level commercial property includes living quarters, kitchen infrastructure, ADA restrooms, and a drive-through window.
Where is this drive through restaurant located?
The property is located at 1216 S Ridgewood Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $428,888.
What are key features of this property?
This property features: 2,389‑square‑foot drive‑through restaurant property with second‑floor apartment; Second‑floor living quarters include one bedroom and one bathroom; 29 parking spaces on a 0.38‑acre property
