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    328 North Ridgewood Ave Edgewater, FL 32132

    For Sale
    $1,200,000

    Office/warehouse space in Edgewater, suitable for investors or owner-users.

    Property size:
    7,800 SF

    Property Features for 328 North Ridgewood Ave

    General Information

    Size
    7,800 SF

    Source: Mark Ascik Agent Mark Ascik

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Edgewater Office/Warehouse Investment Opportunity

    Located in Edgewater, Florida, this property features a 7800 square foot office and warehouse space on a 0.53-acre parcel. Situated on US-1, the property is suitable for investors or owner-users. The current owner is converting renewing tenants to NNN leases. The property has the ability for a year two 9.1% cap rate by optimizing rents, leasing the owner-occupied office space, and converting additional tenants to NNN leases. An owner/user would benefit from 6000 square feet of office space and a small bay warehouse in the rear of the building, with the ability to sublet unused space to office tenants. The property is located within the Daytona-Ormond Beach, FL MSA market. The property has prime road frontage on US-1 and is zoned B-3 Highway Commercial. There are over 20 parking spaces. The property includes a 3-bay warehouse, newly leased as of July 2025. The roof and soffits were updated in 2025, and the HVAC and gutters were updated in 2023.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pilot Aviation English, ... English Language School Massage Therapy with ... Massage Therapist Workers Comp Inc Insurance Agency Walk-in Clinic New ... General Practitioner Accent America Staff ... Employment Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Edgewater
    County
    Volusia
    State
    Florida
    Longitude
    -80.912138
    Latitude
    28.997513

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    FAQs

    What type of property is this?
    Office space - Office/warehouse space in Edgewater, suitable for investors or owner-users.
    Where is this office space located?
    The property is located at 328 North Ridgewood Ave Edgewater, FL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - 9.1% Pro Forma Cap Rate potential through rent optimization.; - Located in rapidly growing Edgewater, Daytona-Ormond Beach, FL MSA.; - Suitable for investors and owner-users.
    (407) 334-4200
    Request Owner's contact information
    328 North Ridgewood Ave Edgewater, FL 32132
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    Edgewater, FL 32132
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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
    328 North Ridgewood Ave Edgewater, FL 32132
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