Restaurant Building with
For Sale
$428,888
1216 S Ridgewood Avenue, Daytona Beach, FL 32114
Commercial Sale, Daytona Beach, FL
Property Size2,389 SF
Lot Size0.38 Acres
Price / SF$179.53
Days on Market48
Property Features for 1216 S Ridgewood Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
3
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 1, Bathroom 4, Bathroom 3
Parking features
RV, Parking Lot
Lot features
Few Trees, Irregular Lot
Directions
From Beville Road on US-1/Ridgewood Ave. Head North on US-1/Ridgewood, once you pass the corner of Wilder look Left across the street. ...there she is; the HotSpot Coffee Shoppe. 1216 S. Ridgewood Ave.
Subdivision
25 - Daytona S of Beville, E of Nova
Standard status
Active
APN
5340-03-03-0080
Size
2,389 SF
Lot size
0.38 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
40-15-33 LOT 8 & LOT 9 EXC E 20 FT TO STATE WILDER & HOWE MB 6 PG 152 MB 20 PG 94 OF BETHUNE GRANT MB 1 PG 56 MB 12 PG 41 PER OR 4811 PG 2943 & OR 5569 PG 3769
Tax Annual Amount
2906
Legal Description
40-15-33 LOT 8 & LOT 9 EXC E 20 FT TO STATE WILDER & HOWE MB 6 PG 152 MB 20 PG 94 OF BETHUNE GRANT MB 1 PG 56 MB 12 PG 41 PER OR 4811 PG 2943 & OR 5569 PG 3769
Building Details
Year built
1947
Floors in Building
2
Number of units
1
Listing Agency:
A.H. Stone & Associates Inc · Century 21 Real Estate
(386) 673-3000
Listed By:
John Decarie
(386) 334-0996
Added: Jul 27
Changed: Aug 20
Last Checked: Sep 12 at 1:06AM
MLS# 1229048
Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,389-square-foot restaurant building sits on 0.38 acres and includes a drive-through window, kitchen and preparation areas, ADA-compliant restrooms, and an upstairs one-bedroom, one-bath living quarter. The property was built in 1947 and is served by 4 HVAC units. A roof replacement completed in March 2024 includes a transferable 50-year warranty.
Located at 1216 S Ridgewood Avenue in Daytona Beach, the property includes 29 parking spaces and a pylon sign designed for visibility from both sides. The site also includes an RV parking feature, and the existing parking layout may be restriped for additional spaces. Other uses may be considered.
Located at 1216 S Ridgewood Avenue in Daytona Beach, the property includes 29 parking spaces and a pylon sign designed for visibility from both sides. The site also includes an RV parking feature, and the existing parking layout may be restriped for additional spaces. Other uses may be considered.
Key Highlights
- 2,389‑square‑foot restaurant building on 0.38 acres
- Drive‑through window, kitchen area, and preparation stations
- Upstairs living quarters with 1 bedroom and 1 bathroom
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
Office B
$511.4K
$447.5K – $596.7K
NOI $35,799 @ 7.0% cap · market cap 8.35%
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
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
434
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Includes an upstairs one-bedroom, one-bath living quarter and ADA-compliant restrooms.
Where is this conventional restaurant 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: 2,389‑square‑foot restaurant building on 0.38 acres; Drive‑through window, kitchen area, and preparation stations; Upstairs living quarters with 1 bedroom and 1 bathroom
