Showroom Building with B-3
For Sale
$2,650,000
311 S RIDGEWOOD Avenue, Edgewater, FL 32132
SINGLE_FAMILY - EDGEWATER, FL
Property Size13,500 SF
Lot Size1.32 Acres
Price / SF$196.30
Days on Market48
Property Features for 311 S RIDGEWOOD Avenue
General Information
Property type
Residential
Property subtype
Retail
Zoning
B-3
Subdivision
INDIAN RIVER ESTS REPLAT
Lot features
Corner Lot, City Limits, Paved
Directions
From 509 Canal Street in New Smyrna Beach, head west on Canal Street (FL-44) and continue across the North Causeway bridge. Follow FL-44 west for approximately 3 miles, then turn left onto US-1 South (South Ridgewood Avenue) toward Edgewater. Continue south on US-1 for about 9 miles, passing through the center of Edgewater. The destination, 311 S Ridgewood Avenue, will be on your right. The drive is approximately 15-20 minutes, depending on traffic.
Standard status
Active
APN
52-17-34-04-00-0040
Size
13,500 SF
Lot size
1.32 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 4 EXC IRREG PARCEL FOR NEW R/W IN W 4.34 FT ON S/L OF S 539.29 FT ON W/L INDIAN RIVER ESTS REPLAT MB 8 PG 289 PER OR 2278 PG 305 PER OR 5316 PG 3631 & PER OR 5504 PG 1888
Tax Annual Amount
23124
Legal Description
LOT 4 EXC IRREG PARCEL FOR NEW R/W IN W 4.34 FT ON S/L OF S 539.29 FT ON W/L INDIAN RIVER ESTS REPLAT MB 8 PG 289 PER OR 2278 PG 305 PER OR 5316 PG 3631 & PER OR 5504 PG 1888
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
2006
Floors in Building
1
Building materials
Block, Stucco
Listing Agency:
WHITE WHALE REAL ESTATE
(388) 689-5171
Listed By:
Timothy Loomis · License #3457334
(386) 690-3423
Added: Jun 16
Changed: Jul 31
Last Checked: Aug 2 at 5:06AM
MLS# NS1088379
Copyright © 2026 Stellar MLS. 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.
Showroom retail building on a 1.32-acre site with 13,500 square feet of space. The structure features concrete block construction with stucco, and was built in 2006. Heating is provided by a heat pump system with central electric heating, complemented by central air conditioning.
The property is located at 311 S Ridgewood Avenue in the Edgewater/New Smyrna Beach area, on US 1, approximately 2 miles south of Hwy 44. Utilities include phone availability, along with public water and public sewer.
With its showroom-oriented layout and B-3 zoning, the building supports a range of retail showroom uses where central HVAC and utility connections are key considerations.
The property is located at 311 S Ridgewood Avenue in the Edgewater/New Smyrna Beach area, on US 1, approximately 2 miles south of Hwy 44. Utilities include phone availability, along with public water and public sewer.
With its showroom-oriented layout and B-3 zoning, the building supports a range of retail showroom uses where central HVAC and utility connections are key considerations.
Key Highlights
- 1.32‑acre showroom building with 13,500 SF
- Zoned B‑3
- Concrete block construction with stucco
Financial Insights For 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 | $202.5k | $15.00 |
| − Vacancy | −$20.9k | −$1.55 |
| EGI | $181.6k | $13.46 |
| − OpEx | −$54.5k | −$4.04 |
| NOI | $127.1k | $9.42 |
13,500 SF · lease $15.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.82M
$1.59M – $2.12M
NOI $127,150 @ 7.0% cap · market cap 4.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.98M
$3.48M – $4.64M
NOI $278,640 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
404
Businesses Nearby
14k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Murphy USA
Shops & Services
5,417 visits/mo
0.2 miles
Dollar General
Shops & Services
5,250 visits/mo
0.4 miles
BP
Shops & Services
2,639 visits/mo
0.2 miles
CubeSmart Self Storage
Shops & Services
848 visits/mo
0.4 miles
Demographics for 32132, FL
8,189
Population
4,266
Households
1.9
Avg Household Size
52
Median Age
19%
College-Educated
93%
High-School Grad
7.0 sq mi
ZIP Area
1,170
Density / Sq Mi
$53,860
Median Household Income
$34,816
Median Earnings
$1,316
Median Rent
$234,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Showroom - Showroom building zoned B-3 with public water and sewer, plus central air and electric heat pump heating.
Where is this showroom located?
The property is located at 311 S RIDGEWOOD Avenue Edgewater, FL.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: 1.32‑acre showroom building with 13,500 SF; Zoned B‑3; Concrete block construction with stucco
