Flex Space With
322 N Ridgewood Avenue, Daytona Beach, FL 32114
For Sale
$425,000
Showroom space, private offices, and a roll-up door support a range of commercial configurations.
Property Size2,232 SF
Lot Size0.25 Acres
Price / SF$190.41
Days on Market107
Property Features for 322 N Ridgewood Avenue
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Fenced Yard
Additional Details
Property Use
Building Details
Building Size
Buildings
Listing Agency:
SVN Alliance Commercial Real Estate Advisors
Listed By:
Carl Lentz · License FL #3068067
(386) 801-7435
Source:
Marlinrealtygroup
Added: Jul 27
Changed: Nov 7
Last Checked: Nov 9 at 12:48PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,232-square-foot flex property includes a showroom, private offices, and one roll-up door. CC-1 zoning and a CRA overlay apply. The seller will consider dividing the property.
The building fronts US 1, with a rear area of approximately 1/4 acre extending to State Avenue. That portion is fenced and secured by a gate opening onto State Avenue.
The building fronts US 1, with a rear area of approximately 1/4 acre extending to State Avenue. That portion is fenced and secured by a gate opening onto State Avenue.
Key Highlights
- 2,232‑square‑foot flex space with showroom and private offices
- One roll‑up door
- CC‑1 zoning and CRA overlay
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,169
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$503,380
$503.4K
Cap Rate 7%
$359,557
$359.6K
Cap Rate 9%
$279,656
$279.7K
Market Conditions
NOI Build-Up for 2,232 SF
Gross rent
$42.3K $18.96/SF
− Vacancy
−$3.6K −$1.61/SF
EGI
$38.7K $17.35/SF
− OpEx
−$13.6K −$6.07/SF
NOI
$25.2K $11.28/SF
Area
Volusia County, FL
Vacancy
8.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$503,380
Cap Rate 7%
$359,557
Cap Rate 9%
$279,656
Alternative Uses
Best Use
Flex RnD
$359.6K
$314.6K – $419.5K
NOI $25,169 @ 7.0% cap · market cap 5.92%
Second Best
Retail
$300.3K
$262.8K – $350.4K
NOI $21,022 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$658.1K
$575.9K – $767.8K
NOI $46,068 @ 7.0% cap · market cap 10.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
972
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
$174,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Flex space in Daytona Beach, FL
Properties on Market for Flex space in Daytona Beach
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- RPS Catering — 258 Riverside Dr, Holly Hill, FL 32117
Frequently Asked Questions
What type of property is this?
Flex space - Showroom space, private offices, and a roll-up door support a range of commercial configurations.
Where is this flex space located?
The property is located at 322 N Ridgewood Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 2,232‑square‑foot flex space with showroom and private offices; One roll‑up door; CC‑1 zoning and CRA overlay
