Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    701 Ridgewood Ave, Unit unit B C Daytona Beach, FL 32117

    Sponsored
    For Lease
    $12 SF/Yr ($2,250 /Mo)

    COMMERCIAL - Holly Hill, FL

    Type:Retail
    Property size:
    2,250 SF
    Lot size:
    0.47 Acres
    Days on Market:
    13
    Last Refresh:
    Jan 24 at 6:06 pm

    Property Features for 701 Ridgewood Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2
    Bathrooms
    2
    APN
    4244-01-14-0080
    Parking features
    Off Street, Parking Lot
    Size
    2,250 SF
    Lot size
    0.47 Acres

    Utilities

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

    Building Details

    Year built
    1940
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Carpet
    Building materials
    Block, Stone, Stucco
    Roof type
    Mixed, Rolled Hot Mop

    We can help!

    Listing Contact
    Greg Antonich

    RE/MAX Signature (386) 236-0749

    Listing agent Greg Antonich (386) 673-7001

    Listing date Jan 12, 2026

    MLS# 1216766

    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

    Holly Hill Retail/Office/Medical Space

    This 2,250 square foot commercial space in Holly Hill, Florida, is available for lease. The property is located in a retail plaza with El Sabor restaurant and Liberty Tax. It features easy access and parking. The space is currently built out as a medical office, including a reception area, office, and multiple exam rooms. The layout can be reconfigured or opened up. The space includes high ceilings and two bathrooms. Signage options include large monument signage and on-building signage. Situated on US-1, the property benefits from high traffic counts. It is suitable for retail, medical, office, or showroom use. The space can potentially be subdivided into approximately 1,100 square foot units, each available for about $1,700.00 per month. The property is located in a central location on a 0.47-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Nicholas J. Toffoli, ... Optometrist Neurologix Diagnostic Services Medical Clinic El Sabor Latino Puerto Rican Restaurant Liberty Tax Tax Preparation GERALD R DEPUTY Optometrist

    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
    -81.037109
    Latitude
    29.238084

    Nearby Similar for Lease

    • $9,500 /Mo
      5,105 SF

      Daytona Beach Shores Restaurant Opportunity

      Restaurant space for lease in Daytona Beach Shores, Florida.
      3162 S Atlantic Ave, Daytona Beach, FL 32118
      View Details
    • $3,995 /Mo
      2,455 SF

      Daytona Beach Shores Commercial Building

      Freestanding 2,455 SF commercial building with three drive-thru lanes.
      2416 S Atlantic Ave, Daytona Beach, FL 32118
      View Details
    • $12 SF/Yr
      9,730 SF

      Daytona Beach Warehouse/Manufacturing Facility

      Versatile warehouse/manufacturing facility with fenced outdoor storage in Daytona Beach.
      809 Swift St, Daytona Beach, FL 32114
      View Details
    • $1,395 /Mo
      34,000 SF

      Daytona Beach Condos For Rent

      Two-bedroom condos in Daytona Beach with ocean views.
      1825 N Atlantic Ave N, Daytona Beach, FL 32118
      View Details
    • $2,500 /Mo
      2,594 SF

      Turnkey Office Space Available

      Move-in ready office space with high visibility in South Daytona.
      2763 S Ridgewood Ave, Daytona Beach, FL 32119
      View Details
    • $5,789 /Mo
      3,004 SF

      Daytona Beach Retail Space Available

      Retail space for lease in Daytona Beach, Florida.
      2216 S Atlantic Ave, Daytona Beach, FL 32118
      View Details
    • $8,333 /Mo
      5,000 SF

      Daytona Beach Restaurant Space Available

      Restaurant space with Intracoastal Waterway views and outdoor dining.
      861 Ballough Rd, Daytona Beach, FL 32114
      View Details
    • $12 SF/Yr
      39,872 SF

      Halifax Harbor Plaza Office Space

      Premier Daytona Beach office space with marina views and amenities.
      125 Basin St, Daytona Beach, FL 32114
      View Details
    • $20 SF/Yr
      4,900 SF

      Daytona Beach Warehouse Space Available

      Fenced warehouse with concrete parking, multiple units, immediate availability.
      831 Ridgewood Ave, Daytona Beach, FL 32117
      View Details
    • $1,950 /Mo
      3,920 SF

      Daytona Beach Commercial Fenced Lot

      Fenced lot in Daytona Beach suitable for laydown yard.
      929 N Beach St, Daytona Beach, FL 32117
      View Details
    • $2,650 /Mo
      2,362 SF

      Daytona Beach Commercial Space For Rent

      Versatile commercial space in growing district with river views.
      923 N Beach St, Daytona Beach, FL 32117
      View Details
    • $1,490 /Mo
      894 SF

      Harbor Plaza Office with Marina Views

      Well-maintained office suite with Intracoastal Waterway views in Daytona Beach.
      125 Basin St, Daytona Beach, FL 32114
      View Details

    FAQs

    What type of property is this?
    Retail space - 2,250 sq ft retail/office/medical space for lease.
    Where is this retail space located?
    The property is located at 701 Ridgewood Ave, Unit unit B C Daytona Beach, FL.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - High-visibility location on US-1 with high traffic count, ideal for attracting customers.; - Versatile space suitable for retail, office, medical, or showroom use.; - Existing medical office build-out with reception, office, and multiple exam rooms, easily reconfigurable.
    (386) 679-0443
    Request Owner's contact information
    701 Ridgewood Ave, Unit unit B C Daytona Beach, FL 32117
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    701 Ridgewood Ave, Unit unit B C
    Daytona Beach, FL 32117
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    701 Ridgewood Ave, Unit unit B C Daytona Beach, FL 32117
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Greg Antonich
    Real Estate License ID: 0356858
    (386) 679-0443
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.