Former Bank Building For
S Ridgewood Ave 2111 South Daytona, FL
S Ridgewood Ave 2111, South Daytona, FL, 00000
Contact for pricing
For Sale
Contact for pricing
Two-story, 12,610 SF building on 2.2+/- acres.
Property Size12,610 SF
Lot Size2.19 Acres
Price / SF$198.26
Days on Market638
Property Features for S Ridgewood Ave 2111
General Information
- Standard status
- Active
- Size
- 12,610 SF
- Lot size
- 2.19 Acres
- Property subtype
- OFFICE
Properties For Sale
at S Ridgewood Ave 2111 Contact us
Listing Agency
SVN | Alliance Commercial Real Estate Advisors
(386) 295-5723
Listed by
John W. Trost, CCIM · License ##BK-0160420
(386) 295-5723
Source
Moodyscre
Added: Oct 18, 2024 Checked: Jul 17 at 5:35 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Alliance Commercial Real Estate Advisors
Investment Insights
Based on property information with market context.
This is a former bank building available for sale. The freestanding two-story building has 12,610 square feet of space and sits on a 2.2+/- acre lot. The property has frontage on Ridgewood Avenue and McDonald Street and includes parking.
Key Highlights
- 12,610 SF freestanding two‑story building
- Located on 2.2+/- Acres
- Former Bank Building
Local Financial Insights For Specialty Retail
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 | $276.9k | $21.96 |
| − Vacancy | −$21.6k | −$1.71 |
| EGI | $255.3k | $20.25 |
| − OpEx | −$63.8k | −$5.06 |
| NOI | $191.5k | $15.19 |
12,610 SF · lease $21.96/SF/yr · vacancy 7.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.74M
$2.39M – $3.19M
NOI $191,487 @ 7.0% cap · market cap 7.66%
Second Best
Office B
$2.70M
$2.36M – $3.15M
NOI $188,961 @ 7.0% cap · market cap 7.56%
Theoretical Best
Office A
$3.72M
$3.25M – $4.34M
NOI $260,270 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Two-story, 12,610 SF building on 2.2+/- acres.
Where is this office building located?
The property is located at S Ridgewood Ave 2111 South Daytona, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 12,610 SF freestanding two‑story building; Located on 2.2+/- Acres; Former Bank Building
