Renovated Flex Space with
For Sale
$849,999
719 N Ridgewood Avenue, Daytona Beach, FL 32114
Commercial Sale, Daytona Beach, FL
Property Size6,300 SF
Lot Size0.56 Acres
Price / SF$134.92
Days on Market111
Property Features for 719 N Ridgewood Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Retail
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking features
Parking Lot, Off Street
Fencing
Fenced
Subdivision
Kingston
Directions
On US-1 / N Ridgewood Ave just south of Mason Ave in Daytona Beach. From Mason Ave, head south approximately 1/4 mile and the property will be on the east side of the road.
Standard status
Active
APN
5338-01-08-0101
Size
6,300 SF
Lot size
0.56 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
38-15-33 W 115 FT OF E 230 FT OF LOT 10 EXC HWY & INC N 1/2 OF W 150 FT OF LOT 9 EXC HWY & INC S 1/2 OF W 150 FT OF LOT 9 EXC HWY BLK 8 KINGSTON MB 3 PG 95 MB 15 PG 194 PER OR 8100 PG 1357 PER OR 8485 PG 4775
Tax Annual Amount
5960
Legal Description
38-15-33 W 115 FT OF E 230 FT OF LOT 10 EXC HWY & INC N 1/2 OF W 150 FT OF LOT 9 EXC HWY & INC S 1/2 OF W 150 FT OF LOT 9 EXC HWY BLK 8 KINGSTON MB 3 PG 95 MB 15 PG 194 PER OR 8100 PG 1357 PER OR 8485 PG 4775
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1948
Building materials
Block
Listing Agency:
Coldwell Banker Coast Realty · Coldwell Banker Real Estate
(386) 275-1000
Listed By:
Adelina Pires · License #SL3641201
(386) 212-5373
Added: May 21
Changed: Aug 31
Last Checked: Sep 8 at 2:06PM
MLS# 1226680
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.
Investment Insights
Based on property information with market context.
This 6,300-square-foot flex property combines renovated retail/showroom space with a warehouse, multiple offices, and an updated bathroom. Improvements include impact-rated storefront glazing and doors, Hardie Board siding, roof coatings, exposed ceilings and ductwork, and a glass folding partition linking the showroom with the warehouse. The warehouse has high ceilings, two grade-level entries, and remote-operated roll-up doors suited to forklift and vehicle access.
The property includes a fully fenced parking and laydown yard on N Ridgewood Ave with approximately 29,998 AADT. BR-1 zoning supports retail sales and service, industrial services, healthcare offices, and boat or marine sales and service. Public water and sewer serve the property, which is classified in Flood Zone X. A security system with exterior cameras conveys. The site is near the Intracoastal, beaches, and I-95.
The property includes a fully fenced parking and laydown yard on N Ridgewood Ave with approximately 29,998 AADT. BR-1 zoning supports retail sales and service, industrial services, healthcare offices, and boat or marine sales and service. Public water and sewer serve the property, which is classified in Flood Zone X. A security system with exterior cameras conveys. The site is near the Intracoastal, beaches, and I-95.
Key Highlights
- 6,300 SF renovated flex property with retail/showroom and warehouse areas
- 0.56‑acre parcel with a fully fenced parking and laydown yard
- Approximately 29,998 AADT on N Ridgewood Ave
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$71,042
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,420,840
$1.4M
Cap Rate 7%
$1,014,886
$1.0M
Cap Rate 9%
$789,356
$789.4K
Market Conditions
NOI Build-Up for 6,300 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$119.4K $18.96/SF
− Vacancy
−$10.2K −$1.61/SF
EGI
$109.3K $17.35/SF
− OpEx
−$38.3K −$6.07/SF
NOI
$71.0K $11.28/SF
Area
Volusia County, FL
Vacancy
8.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,420,840
Cap Rate 7%
$1,014,886
Cap Rate 9%
$789,356
Alternative Uses
Best Use
Flex RnD
$1.01M
$888.0K – $1.18M
NOI $71,042 @ 7.0% cap · market cap 8.36%
Second Best
Retail
$847.7K
$741.7K – $989.0K
NOI $59,337 @ 7.0% cap · market cap 6.98%
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,032 @ 7.0% cap · market cap 15.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
29,998 VPD
Traffic count
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
948
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32114, FL
34,943
Population
17,118
Households
2
Avg Household Size
33
Median Age
19%
College-Educated
89%
High-School Grad
16.0 sq mi
ZIP Area
2,184
Density / Sq Mi
$39,906
Median Household Income
$31,220
Median Earnings
$1,171
Median Rent
$174,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - BR-1-zoned commercial property combines showroom, office, warehouse, and a secured outdoor yard.
Where is this flex space located?
The property is located at 719 N Ridgewood Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $849,999.
What are key features of this property?
This property features: 6,300 SF renovated flex property with retail/showroom and warehouse areas; 0.56‑acre parcel with a fully fenced parking and laydown yard; Approximately 29,998 AADT on N Ridgewood Ave
