Retail Showroom
For Sale
$2,650,000
311 S Ridgewood Avenue EDGEWATER, Edgewater, FL 32132
Concrete block retail showroom building positioned along US1 near the New Smyrna Beach–Edgewater area.
Property Size16,050 SF
Price / SF$196.30
Days on Market46
Property Features for 311 S Ridgewood Avenue EDGEWATER
General Information
Standard status
Active
Size
16,050 SF
Zoning
B-3
Taxes and HOA fees
Annual Taxes
$23,123
Amenities
true
Builder
Corner Lot,City Lot
Public
1.3267
x
1.32
false
Over 30 Spaces
Paved,Asphalt
Block
Street Paved,Highway
16050
1
Building Details
Building Size
16,050 SF
Year Built
2006
Buildings
1
Listing Agency:
THE REAL ESTATE COLLECTION LLC
(407) 656-7814
Listed By:
Erica Sadelfeld · License #3121297
(407) 656-7814
Source:
Therealestatecollection
Added: Jul 7
Changed: Aug 13
Last Checked: Aug 13 at 11:20AM
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 THE REAL ESTATE COLLECTION LLC
Investment Insights
Based on property information with market context.
This retail showroom building is constructed with concrete block. It is offered for sale and is currently under contract, with accepting backup offers. The property’s configuration is suited to showroom-style retail and related customer-facing use, with the building standing as a dedicated commercial structure rather than a multi-tenant interior space.
The building is located at 311 S Ridgewood Avenue in Edgewater, Florida, on US1, approximately two miles south of Hwy 44 in the New Smyrna Beach and Edgewater area. This corridor location is useful for retailers that want visibility to everyday traffic patterns along a major thoroughfare.
For buyers evaluating a retail showroom or customer-facing retail concept, this is a straightforward, standalone option with concrete block construction. Its positioning along US1 can support uses that rely on walk-in or drive-by traffic, while the showroom format may fit merchandise display and front-of-house operations. Backup offers are being considered, so timing may be relevant for qualified parties.
The building is located at 311 S Ridgewood Avenue in Edgewater, Florida, on US1, approximately two miles south of Hwy 44 in the New Smyrna Beach and Edgewater area. This corridor location is useful for retailers that want visibility to everyday traffic patterns along a major thoroughfare.
For buyers evaluating a retail showroom or customer-facing retail concept, this is a straightforward, standalone option with concrete block construction. Its positioning along US1 can support uses that rely on walk-in or drive-by traffic, while the showroom format may fit merchandise display and front-of-house operations. Backup offers are being considered, so timing may be relevant for qualified parties.
Key Highlights
- Single concrete block retail showroom building built in 2006
- 16,050 total building area (per builder); 1 building on the lot
- Located on US1, 2 miles south of Hwy 44, near the New Smyrna Beach–Edgewater area
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
$127,150
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
4.80%
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%
$2,543,000
$2.5M
Cap Rate 7%
$1,816,429
$1.8M
Cap Rate 9%
$1,412,778
$1.4M
Market Conditions
NOI Build-Up for 13,500 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
$202.5K $15.00/SF
− Vacancy
−$20.9K −$1.55/SF
EGI
$181.6K $13.46/SF
− OpEx
−$54.5K −$4.04/SF
NOI
$127.1K $9.42/SF
Area
Volusia County, FL
Vacancy
10.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$2,543,000
Cap Rate 7%
$1,816,429
Cap Rate 9%
$1,412,778
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
434
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
0.4 miles
Dollar General
Shops & Services
5,250 visits/mo
0.3 miles
BP
Shops & Services
2,102 visits/mo
0.1 miles
CubeSmart Self Storage
Shops & Services
848 visits/mo
0.3 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 - Concrete block retail showroom building positioned along US1 near the New Smyrna Beach–Edgewater area.
Where is this showroom located?
The property is located at 311 S Ridgewood Avenue EDGEWATER 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: Single concrete block retail showroom building built in 2006; 16,050 total building area (per builder); 1 building on the lot; Located on US1, 2 miles south of Hwy 44, near the New Smyrna Beach–Edgewater area
