Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Second Floor Office Spaces Available Title is generated by Realmo AI

    1635 S Ridgewood Ave, South Daytona, FL 32119

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Second floor office spaces for lease with shared amenities.

    Type:Office, Retail
    Property size:
    400 SF
    Added:
    Nov 17, 2022
    Days on Market:
    1292
    Last Refresh:
    May 12 at 8:25 pm

    Property Features for 1635 S Ridgewood Ave

    General Information

    Standard status
    Active
    Size
    400 SF
    Property subtype
    Office, Retail

    Spaces For Lease

    at 1635 S Ridgewood Ave Contact us

    Suite 201 $26/Mo

    Size
    290 SF
    Type
    Office, Retail
    Contact us

    We can help!

    Listing Contact
    Michael Baxter

    Listing agent Michael Baxter License #SL3451680

    Listing office SVN | Alliance Commercial Real Estate Advisors Ormond Beach

    Listing date Nov 17, 2022

    Source Crexi

    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 Ormond Beach

    HighLights

    • Rent includes sales tax and utilities.
    • Two suite sizes available: 150 sq ft and 400 sq ft.
    • Access to a large, shared conference room.
    • Common restrooms and lobby area.
    • Elevator in building.
    • Plenty of parking and excellent signage.

    Overview

    Two office spaces are available for lease on the second floor. Suite 224 offers approximately 150 square feet, with a monthly rate of $425, including sales tax and utilities. Suite 212-213 provides approximately 400 square feet at a monthly rate of $625, also including sales tax and utilities. All units have access to a large, shared conference room, common restrooms, and a lobby area. The building features an elevator, and the property offers ample parking and excellent signage. The plaza is under new ownership and management.
    Property Profile 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

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    South Daytona
    County
    Volusia
    State
    Florida
    Longitude
    -81.0285
    Latitude
    29.1477

    Nearby Similar for Lease

    • $2,483/Mo
      1,490 SF

      South Daytona Commercial Space Available

      High-visibility commercial space suitable for office, retail, or showroom.
      1952 S Ridgewood Avenue, South Daytona, FL 32119
      View Details
    • $20 SF/Yr
      4,933 SF

      South Daytona Industrial Warehouse with Yard

      4,933 SF warehouse with 1.5 AC fenced yard.
      905 Foster Way, South Daytona, FL 32119
      View Details
    • $5,454/Mo
      18,304 SF

      South Daytona Commercial Showroom Space

      Showroom with perimeter offices and roll-up door for lease.
      2841 S Nova Road, South Daytona, FL 32119
      View Details
    • $2,951/Mo
      1,913 SF

      South Daytona Commercial Space Available

      Commercial space for rent in South Daytona, Florida.
      927 Beville Road, South Daytona, FL 32119
      View Details
    • $13,376/Mo
      14,348 SF

      South Daytona Mixed-Use Commercial Building

      14,368 SF mixed-use building for lease in South Daytona.
      2040 S Ridgewood Avenue, South Daytona, FL 32119
      View Details
    • $13 SF/Yr
      12,610 SF

      Two-Story Building on Ridgewood Avenue

      Freestanding 12,610 SF building for lease with ample parking.
      2111 & 2119 S. Ridgewood Avenue, South Daytona, FL 32119
      View Details
    • $25 SF/Yr
      14,182 SF

      Freestanding Building For Lease

      Freestanding ±14,182 SF building with high visibility and ample parking.
      333 Beville Road, South Daytona, FL, 32119
      View Details
    • Contact for pricing
      730 SF

      Retail Space Near Daytona Beaches

      Retail spaces for lease with high traffic and easy access.
      2127-2141 S Ridgewood Ave, South Daytona, FL
      View Details
    • Contact for pricing
      675 SF

      Retail Space on S Ridgewood

      Retail spaces available for immediate occupancy on S Ridgewood Ave.
      2237 S Ridgewood Ave, South Daytona, FL
      View Details
    • Contact for pricing
      705 SF

      Retail Space on Ridgewood Avenue

      Retail spaces available for lease near Daytona Beaches.
      2279 S Ridgewood Ave, South Daytona, FL
      View Details
    • Contact for pricing
      20,030 SF

      Retail Space in South Daytona

      Retail property available for lease in South Daytona Beach.
      2271 South Ridgewood Avenue, South Daytona, FL, 32119
      View Details
    • $425/Mo
      150 SF

      South Daytona Office Space Available

      Office suites for lease with shared conference room and utilities.
      1635 S Ridgewood Ave, South Daytona, FL
      View Details

    FAQs

    What type of property is this?
    Office units - Second floor office spaces for lease with shared amenities.
    Where is this office units located?
    The property is located at 1635 S Ridgewood Ave South Daytona, FL.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: Rent includes sales tax and utilities.; Two suite sizes available: **150 sq ft and 400 sq ft.**; Access to a large, shared conference room.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Michael Baxter
    Real Estate License ID: SL3451680
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1635 S Ridgewood Ave, South Daytona, FL 32119
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!