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    Property profile & analytics

    700 Ridgewood Ave Holly Hill, FL 32117

    • Outlet malls
    • 6,765 SF
    • 0.94 lot acres
    For Lease
    View listing
    $0.06 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5528604
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Enforcement MMA / Training Center
    • Atlantis Cremation / Cremation Service
    • Kingdom Family Church of Daytona / Church
    • UPS Access Point location / Courier Service / Postal Service
    • Advance Auto Parts / Auto Parts Store

    Property Details for 700 Ridgewood Ave

    Year built
    1997
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.94 lot acres
    Property size
    6,765 SF
    Zone code
    BR1
    Property type
    Outlet malls
    APN
    5338-01-11-0050
    APU
    533801110050

    Description

    This exceptional single-tenant warehouse, located at 700 Ridgewood Avenue, offers 2,366 square feet of immediately available space. The property boasts a convenient roll-up door and a separate entry door, enhancing operational efficiency. Modern amenities include energy-efficient LED lighting and R-40 ceiling insulation, contributing to lower operating costs. Security is ensured with a comprehensive surveillance system. The building's robust construction features concrete tilt-wall construction, concrete driveways and parking areas, and individually metered water and electric services. Benefit from a high-traffic location with over 25,000 vehicles passing daily on Ridgewood Avenue, providing excellent visibility and accessibility. The property sits on a 1.65-acre lot and includes access to 64 parking spaces within the plaza. Digital signage opportunities are also available, offering additional marketing potential. This one-story building, identified by APN 4244-01-16-0120, presents a rare opportunity for businesses seeking a well-maintained, strategically located warehouse space. The total building size is 3,509 square feet, with this unit comprising a significant portion. The property's single-tenant occupancy ensures a streamlined and hassle-free environment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,060,000
      6.5%
      $980,000
      7%
      $910,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $644,000
      Market price range: $285k - $780k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,000,000
      Current use
      MEDICAL BUILDING
      $1,325,000
      Change: +32% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $855,000
      Change: -15% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.0302
    Latitude
    29.2236
    CBSA code
    19660
    CBSA name
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $11,101
    $166,050
    $453,125
    $619,175
    -
    $166,050
    $453,125
    $619,175

    Comparable in this City

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      $785,000
      8,092 SF

      235 Nova Rd

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    • Value Estimation
      $10,735,000
      119,863 SF

      2380 International Speedway Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 119,863 SF
      2380 International Speedway Blvd, Daytona Beach, FL 32114-1116
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    • Value Estimation
      $3,075,000
      24,978 SF

      1900 International Speedway Blvd Ste, Unit 400

      WHOLESALE OUTLET, DISCOUNT STORE • 24,978 SF
      1900 International Speedway Blvd Ste, Daytona Beach, FL 32114-1224
      View Details
    • Value Estimation
      $6,420,000
      14,221 SF

      200 Segrave St

      WHOLESALE OUTLET, DISCOUNT STORE • 14,221 SF
      200 Segrave St, Daytona Beach, FL 32114-4227
      View Details
    • Value Estimation
      $9,950,000
      57,977 SF

      1900 International Speedway Blvd Ste, Unit 200

      WHOLESALE OUTLET, DISCOUNT STORE • 57,977 SF
      1900 International Speedway Blvd Ste, Daytona Beach, FL 32114-1224
      View Details
    • Value Estimation
      $1,485,000
      7,500 SF

      529 International Speedway Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 7,500 SF
      529 International Speedway Blvd, Daytona Beach, FL 32114-4249
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,839 SF

      Retail/Office Center on Speedway Boulevard

      Retail/Office center with high visibility and ample parking.
      1173 W International Speedway Blvd, Daytona Beach, FL 32114
      View Details
    • Contact for pricing
      52,758 SF

      Prime Retail/Warehouse Daytona Speedway Location

      Exceptional retail and warehouse space with high visibility and accessibility.
      1924 West International Speedway Blvd, Daytona Beach, FL 32114
      View Details
    • $380,000
      1,519 SF

      Daytona Beach Mixed-Use Property

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      Beachfront Inn & Restaurant

      Historic Daytona Beach Hotel, Restaurant for Sale
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    • $6,000,000
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      Daytona Beach Development Opportunity

      Prime Daytona Beach location, redevelopment potential.
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    Similar Nearby for Lease

    • $18 SF/Yr
      8,704 SF

      Prominent Shopping Center For Rent

      High-visibility shopping center near new multifamily developments and Daytona events.
      1413-1551 S Nova Rd, Daytona Beach, FL 32114
      View Details
    • Contact for pricing
      1,177 SF

      Regional Power Center Retail Space

      Retail, restaurant, and office spaces available in regional power center.
      5527 S Williamson Blvd, Port Orange, FL 32114
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      Regional Power Center Retail Space

      Retail, restaurant, and office spaces available in Port Orange.
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    • Contact for pricing
      1,600 SF

      Regional Power Center Space Available

      Retail, restaurant, and office spaces for lease.
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    • $14 SF/Yr
      49,128 SF

      Retail Center on Nova Road

      Retail center with one unit available in Daytona Beach.
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      View Details
    • Contact for pricing
      1,575 SF

      Retail Space Near Daytona Speedway

      Retail space available in regional shopping destination near Daytona Speedway.
      2500 W International Speedway Blvd, Daytona Beach, FL 32114
      View Details
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    700 Ridgewood Ave
    Holly Hill, 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
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