1020 S Ridgewood Avenue Daytona Beach, FL 32114
Remodeled mixed-use property in Daytona Beach, close to amenities.
Property Features for 1020 S Ridgewood Avenue
General Information
- Standard status
- Active
- Size
- 6,210 SF
- Property subtype
- Hospitality, Mixed Use, Special Purpose
Building Details
- Year Built
- 1953
Listing office Realty Pros Commercial Division (386) 237-4444
Listing date Jun 8, 2022
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Realty Pros Commercial Division
Investment Insights
Based on property information with market context.
Key Highlights
- Fully remodeled and upgraded manager's living space with over $100k in upgrades.
- 17 upgraded bedrooms.
- Located in an opportunity zone, offering potential tax savings.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $134.1k | $21.60 |
| − Vacancy | −$11.4k | −$1.84 |
| EGI | $122.7k | $19.76 |
| − OpEx | −$46.0k | −$7.41 |
| NOI | $76.7k | $12.35 |
