Freestanding Two-Story Building on
2111 & 2119 S Ridgewood Avenue South Daytona, FL 32119
2111 & 2119 S Ridgewood Avenue, South Daytona, FL, 32119
Contact for pricing
For Sale
Contact for pricing
12,610 SF building on 2.2+/- acres for sale.
Property Size12,610 SF
Lot Size2.20 Acres
Price / SF$198.26
Days on Market892
Property Features for 2111 & 2119 S Ridgewood Avenue
General Information
- Standard status
- Active
- Size
- 12,610 SF
- Lot size
- 2.20 Acres
- Property subtype
- Office, Retail
Building Details
- Year Built
- 1978
Listing Agency
SVN | Alliance Commercial Real Estate Advisors Ormond Beach
Listed by
John Trost, CCIM · License #FL BK-0160420
Source
Crexi
Added: Feb 6, 2024 Checked: Jul 15 at 8:01 pm
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
Investment Insights
Based on property information with market context.
This is a 12,610 square foot freestanding two-story building situated on approximately 2.2 acres. The property was formerly a bank building and is available for sale. The first floor features an elevator and stairs in the vestibule, a vault, teller booth, and two restrooms. There is a proposed conversion plan to create 5 offices in the open area. The second floor includes 11 offices, a large conference room, two restrooms, and a breakroom. The property has frontage on Ridgewood Avenue and McDonald Street and is located minutes from Beville Road and Dunlawton Avenue. The site offers ample parking, and the extra land could potentially be used for another building. Estimated CAM, real estate taxes, and insurance are $5.50 per square foot.
Key Highlights
- Freestanding 12,610 SF two‑story building on 2.2+/- acres.
- Existing bank infrastructure: vault and teller booth in place.
- Opportunity for expansion: extra land suitable for another 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
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
Similar For Sale Nearby
FAQs
What type of property is this?
Bank - 12,610 SF building on 2.2+/- acres for sale.
Where is this bank located?
The property is located at 2111 & 2119 S Ridgewood Avenue 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: Freestanding 12,610 SF two‑story building on 2.2+/- acres.; Existing bank infrastructure: vault and teller booth in place.; Opportunity for expansion: extra land suitable for another building.
