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    542 N Ridgewood Ave Daytona Beach, FL 32114

    For Sale
    $675,000

    COMMERCIAL - Daytona Beach, FL

    Property size:
    8,127 SF
    Lot size:
    0.29 Acres
    Days on Market:
    74
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 542 N Ridgewood Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security
    Rooms
    Bathroom 2, Bathroom 1, Bathroom 3
    Bathrooms
    2
    APN
    5338-38-00-0580
    Parking features
    Parking Lot, Gated, On Street, Driveway, Guest
    Fencing
    Fenced
    Size
    8,127 SF
    Lot size
    0.29 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Varies by Unit (Heating), Electric (Heating), Central
    Cooling system
    Ceiling Fan(s), Wall/Window Unit(s), Central Air, Electric, Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1925
    Flooring type
    Wood, Tile, Laminate
    Building materials
    Frame, Stucco
    Roof type
    Shingle

    Realty Pros Assured

    Listing agent Thomas Caffrey (386) 290-9233

    Listing date Sep 23, 2025

    Copyright © 2025 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.

    Overview

    Daytona Beach Multifamily Investment

    This ten-unit multifamily property in Daytona Beach, Florida, offers income-generating potential with two vacancies. The property consists of three separate buildings with ample parking. The units vary from two-bedroom apartments to studios, and many have been updated. Access is available from both US-1 and Taylor Avenue. A nearly $10 million FDOT project is slated to begin in a few months to transform US-1 with new lighting, bicycle lanes, landscaping, and roadway improvements. The recently renovated 25-acre Riverfront esplanade park and downtown area are within walking distance. The property is located in Daytona Beach, Volusia County, Florida.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.028662
    Latitude
    29.22077

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    FAQs

    What type of property is this?
    Apartment building - Ten-unit multifamily property with income potential in Daytona Beach.
    Where is this apartment building located?
    The property is located at 542 N Ridgewood Ave Daytona Beach, FL.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: - Excellent income property with over 10% capitalization rate.; - 10-unit multi-family property with a mix of 2-bedroom and studio units.; - Updates to many units with varied flooring types (Tile, Laminate, Wood).
    (386) 290-9233
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    542 N Ridgewood Ave Daytona Beach, FL 32114
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