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    5840 S Ridgewood Ave Port Orange, FL 32127

    For Sale
    $850,000

    Income-producing retail property with development potential on US Hwy 1.

    Lot size:
    0.71 Acres

    Property Features for 5840 S Ridgewood Ave

    General Information

    Lot size
    0.71 Acres

    Building Details

    Year built
    1973

    Source: WATSON REALTY CORP. Agent Bob Brewster

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

    Overview

    High-Traffic Retail Investment Opportunity

    This property offers significant income and development potential as a 1031 exchange opportunity. Situated in a high-traffic location on US Hwy 1/S Ridgewood, the 0.9-acre site features two to three income centers, all currently leased under N/N/N leases. The property has been under the same family ownership for 50 years, presenting a flexible income-producing opportunity. Building 1, comprising 3,000 square feet, is leased and has been recently remodeled and updated. Building 2 and the parking lot are also leased. The property generates a total income of $7,000 per month, or $84,000 per year. The location in a high-traffic area offers potential for further development. The property is being sold in "AS IS" condition. Tenant leases include termination clauses for a new property owner, if required.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    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
    Port Orange
    County
    Volusia
    State
    Florida
    Longitude
    -80.9736676
    Latitude
    29.1098285

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    FAQs

    What type of property is this?
    Retail space - Income-producing retail property with development potential on US Hwy 1.
    Where is this retail space located?
    The property is located at 5840 S Ridgewood Ave Port Orange, FL.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - High-traffic location on US Hwy 1/S Ridgewood.; - Excellent 1031 exchange property with income and development potential.; - Currently generating $84,000 annual income from N/N/N leases.
    (386) 341-0423
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    5840 S Ridgewood Ave Port Orange, FL 32127
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    Port Orange, FL 32127
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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
    5840 S Ridgewood Ave Port Orange, FL 32127
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