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    The Largest CRE Database in the US with Over 1 Million Listings

    529 Ridgewood Ave Daytona Beach, FL 32117

    Sponsored
    For Sale
    $879,900

    COMMERCIAL - Holly Hill, FL

    Property size:
    7,172 SF
    Lot size:
    0.33 Acres
    Days on Market:
    13
    Last Refresh:
    Feb 1 at 12:06 pm

    Property Features for 529 Ridgewood Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 3, Bathroom 1, Bathroom 2
    Bathrooms
    3
    APN
    4244-01-23-0042
    Parking features
    Parking Lot
    Size
    7,172 SF
    Lot size
    0.33 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1940
    Number of units
    1
    Flooring type
    Laminate, Concrete
    Building materials
    Stucco
    Roof type
    Shingle

    We can help!

    Listing Contact
    Colleen Calnan
    Colleen Calnan

    CA Calnan Real Estate (386) 239-6902

    Listing agent Colleen Calnan (386) 675-1136

    Listing date Jan 20, 2026

    MLS# 1220169

    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

    Mixed-Use Property in Redevelopment Zone

    This 7,172 sq ft concrete block building is situated on a 0.33-acre corner lot along Ridgewood Avenue (U.S.-1) in Holly Hill, Florida. Zoned for retail or mixed commercial use, the property features a layout that combines retail, office, and warehouse space. The front retail area, approximately 4,500 sq ft, includes a large bar top island, soundproof viewing window, and a partial soundproof wall offering visibility into the warehouse area. The warehouse/workshop space, approximately 2,600 sq ft, includes a 12'x12' automatic garage door and an open floor area suitable for production, storage, or distribution. The property also features a large executive office with a private restroom, three additional restrooms (four total), and a kitchenette. A separate music studio space with a private entrance offers potential for creative or specialty use. Recent upgrades include a new roof, new plumbing, and new electric, all completed in 2020, as well as a new HVAC system installed in 2022, and new vinyl flooring throughout. Additional features include an insulated attic, ADA-compliant restrooms, and a large, highly visible monument sign. Located within an Opportunity Zone, this property may offer potential tax advantages for investors. The property is located in a high-traffic corridor and all improvements are permitted and up to code.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cook CNC Manufacturer Graphic Sign Design Graphic Designer Graze Charcuterie FL Charcuterie

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.035458
    Latitude
    29.235192

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    FAQs

    What type of property is this?
    Mixed-use property - Versatile commercial building with retail, office, and warehouse space.
    Where is this mixed-use property located?
    The property is located at 529 Ridgewood Ave Daytona Beach, FL.
    What is the asking price?
    The asking price for this property is $879,900.
    What are key features of this property?
    This property features: - Prime commercial location on a high-traffic corner lot (0.33 acres) along Ridgewood Avenue (U.S.-1) in a redevelopment zone.; - Versatile 7,172 sq ft building featuring a unique combination of retail (approx. 4,500 sq ft), warehouse (approx. 2,600 sq ft), and office space, easily dividable for multiple revenue streams.; - Recent upgrades include new roof (2020), plumbing (2020), HVAC (2022), electric (2019), and vinyl flooring.
    (386) 675-1136
    Request Owner's contact information
    529 Ridgewood Ave Daytona Beach, FL 32117
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    Daytona Beach, FL 32117
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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
    529 Ridgewood Ave Daytona Beach, FL 32117
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    We can help!
    Listing Contact
    Colleen Calnan
    Colleen Calnan
    Real Estate License ID: 3173311
    (386) 675-1136
    Learn more
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