Coffee Shop with
For Sale
$428,888
1216 S Ridgewood Avenue, Daytona Beach, FL 32114
Coffee shop property with a dedicated parking lot, additional parking, and RV access or parking.
Property Size2,389 SF
Days on Market15
Property Features for 1216 S Ridgewood Avenue
General Information
Standard status
Active
Size
2,389 SF
Zoning
Commercial
Taxes and HOA fees
Annual Taxes
$2,906
Amenities
Fenced
Back Yard, Vinyl
Additional Parking, Parking Lot, RV Access/Parking
Building Details
Building Size
2,389 SF
Year Built
1947
Stories
2
Listing Agency:
A. H. Stone & Associates, Inc.
(386) 334-0996
Listed By:
John Decarie
(386) 334-0996
Source:
Evrealestate
Added: Jul 27
Changed: Aug 8
Last Checked: Aug 9 at 7:39AM
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 A. H. Stone & Associates, Inc.
Investment Insights
Based on property information with market context.
Hot Spot Coffee Shoppe is a coffee shop property at 1216 S. Ridgewood Avenue in Daytona Beach, Florida. The property was built in 1947 and includes vinyl exterior features, a back yard, and dedicated parking improvements.
Parking features include an on-site parking lot, additional parking, and RV access or parking. The property is located on S. Ridgewood Avenue near US-1/Ridgewood Avenue and Wilder.
Parking features include an on-site parking lot, additional parking, and RV access or parking. The property is located on S. Ridgewood Avenue near US-1/Ridgewood Avenue and Wilder.
Key Highlights
- Hot Spot Coffee Shoppe at 1216 S. Ridgewood Avenue, Daytona Beach, FL 32114
- Built in 1947
- On‑site parking lot with additional parking
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
$36,278
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
8.46%
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%
$725,560
$725.6K
Cap Rate 7%
$518,257
$518.3K
Cap Rate 9%
$403,089
$403.1K
Market Conditions
NOI Build-Up for 2,389 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
$52.5K $21.96/SF
− Vacancy
−$4.1K −$1.71/SF
EGI
$48.4K $20.25/SF
− OpEx
−$12.1K −$5.06/SF
NOI
$36.3K $15.19/SF
Area
Volusia County, FL
Vacancy
7.80%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
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%
$725,560
Cap Rate 7%
$518,257
Cap Rate 9%
$403,089
Alternative Uses
Best Use
Specialty Retail
$518.3K
$453.5K – $604.6K
NOI $36,278 @ 7.0% cap · market cap 8.46%
Second Best
Retail
$321.4K
$281.3K – $375.0K
NOI $22,501 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$704.4K
$616.4K – $821.8K
NOI $49,309 @ 7.0% cap · market cap 11.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,817
Businesses Nearby
90k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 69%
Dining 31%
Wawa
Shops & Services
41,181 visits/mo
0.0 miles
Popeyes Louisiana Kitchen
Dining
12,229 visits/mo
0.1 miles
Checkers
Dining
6,857 visits/mo
0.3 miles
Sunoco
Shops & Services
6,671 visits/mo
0.5 miles
Burger King
Dining
5,628 visits/mo
0.2 miles
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Coffee shop - Coffee shop property with a dedicated parking lot, additional parking, and RV access or parking.
Where is this coffee shop located?
The property is located at 1216 S Ridgewood Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $428,888.
What are key features of this property?
This property features: Hot Spot Coffee Shoppe at 1216 S. Ridgewood Avenue, Daytona Beach, FL 32114; Built in 1947; On‑site parking lot with additional parking
