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    404 S Ridgewood Ave Daytona Beach, FL 32114

    Sponsored
    For Sale
    $1,675,000

    MULTI_FAMILY - Daytona Beach, FL

    Property size:
    16,021 SF
    Lot size:
    1.50 Acres
    Days on Market:
    10
    Last Refresh:
    Feb 1 at 1:06 pm

    Property Features for 404 S Ridgewood Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 13, Bedroom 7, Bedroom 23, Bedroom 3, Bedroom 22, Bedroom 19, Bedroom 24, Bathroom 8, Bathroom 12, Bathroom 4, Bedroom 17, Bedroom 15, Bathroom 11, Bedroom 6, Bedroom 8, Bedroom 30, Bedroom 11, Bedroom 16, Bathroom 9, Bedroom 25, Bedroom 10, Bathroom 5, Bedroom 5, Bedroom 9, Bedroom 4, Bedroom 20, Bedroom 2, Bedroom 28, Bathroom 1, Bedroom 1, Bedroom 21, Bathroom 3, Bathroom 6, Bathroom 7, Bedroom 12, Bedroom 27, Bedroom 18, Bathroom 2, Bathroom 10, Bedroom 14, Bedroom 26, Bedroom 29
    Bedrooms
    30
    Bathrooms
    12
    APN
    5339-01-17-0062
    Parking
    33
    Parking features
    Parking Lot, Guest
    Fencing
    Fenced
    Appliances
    Washer/Dryer Stacked, Refrigerator, Microwave, Electric Water Heater, Electric Oven, Convection Oven
    Size
    16,021 SF
    Lot size
    1.50 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Central, Zoned, Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1901
    Floors in Building
    3
    Number of units
    4
    Flooring type
    Wood, Tile
    Building materials
    Brick, Frame, Vinyl Siding, Wood Siding
    Roof type
    Shingle

    We can help!

    Listing Contact
    Dan Lyonnais

    Adams, Cameron & Co. REALTORS (386) 253-8044

    Listing agent Dan Lyonnais (386) 852-7932

    Listing date Jan 23, 2026

    MLS# 1213963 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Daytona Beach Multifamily Portfolio

    This portfolio includes five parcels featuring an 8,000 square-foot fully renovated historic Victorian home, a 7,000 square-foot co-living property, a 1,021 square-foot house, and three adjacent land parcels totaling 1.5 acres. The Victorian home, listed on the U.S. National Register of Historic Places, includes 10 uniquely decorated bedrooms, 5 full bathrooms, and two basement apartments. The 1,021 square-foot house has 4 bedrooms and 1 bathroom and has been fully renovated with a new bathroom/shower, plumbing, and General Electric upgrades. The homes benefit from leases with Pad Split, a co-living marketplace. The three land parcels, totaling 0.51 acres, are zoned T-2, allowing for a wide variety of uses. The properties are strategically located with 164 feet of frontage on US-1, minutes from the beach, the Intercoastal Waterway, and major attractions. The portfolio includes over $100,000 in furniture and fixtures. The current lease with Pad Split runs through July 2025.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.019862
    Latitude
    29.20468

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    FAQs

    What type of property is this?
    Multifamily property - Turnkey rented portfolio with development potential near the beach.
    Where is this multifamily property located?
    The property is located at 404 S Ridgewood Ave Daytona Beach, FL.
    What is the asking price?
    The asking price for this property is $1,675,000.
    What are key features of this property?
    This property features: - Significant Price Reduction: Over $800k reduction, offered at significantly below market value ($115 P.S.F.).; - Turnkey Rented Portfolio: Includes 5 parcels, featuring an 8,000 SF renovated Victorian, a 7,000 SF co-living property, a 1,021 SF house, plus 3 contiguous buildable lots, and over $100k in furniture and fixtures.; - Income-Generating Properties: All 3 properties benefit from recent leases with Pad Split, with a lease on the Victorian home running through July 2025.
    (386) 852-7932
    Request Owner's contact information
    404 S Ridgewood Ave Daytona Beach, FL 32114
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    Daytona Beach, FL 32114
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    404 S Ridgewood Ave Daytona Beach, FL 32114
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    We can help!
    Listing Contact
    Dan Lyonnais
    (386) 852-7932
    Learn more
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