Daytona Beach Two-Story Office
339 S Ridgewood Ave Daytona Beach, FL 32114
339 S Ridgewood Ave, Daytona Beach, FL, 32114
$299,900
For Sale
$299,900
Two-story office building in downtown Daytona Beach, ideal for professionals.
Property Size1,708 SF
Lot Size0.24 Acres
Price / SF$175.59
Days on Market177
Property Features for 339 S Ridgewood Ave
General Information
- Standard status
- Active
- Size
- 1,708 SF
- Lot size
- 0.24 Acres
Listing agency
Realty Pros Commercial
(386) 253-8565
Listed by
Tom Ryan · License #3278836
(386) 253-8565
Source
Exprealty
Added: Jan 26 Updated: Jul 6 at 9:33AM Checked: Jul 22 at 1:43AM
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 Realty Pros Commercial
Investment Insights
Based on property information with market context.
This two-story office building is located in downtown Daytona Beach, one block from Daytona Beach City Hall and close to courthouses and other professional establishments. Originally a 1920s residence, the 1,708 square foot property blends historic elegance with modern functionality. The first floor features a reception area, a spacious conference room, a private office, and a kitchen/breakroom. The second floor includes three private offices. Recent renovations include fresh interior paint and new carpeting. Parking is available in the rear, including two covered spaces. The property has a foundation warranty and recent upgrades such as a newer roof and attic insulation. This property is suitable for a variety of professional uses, including offices and law firms. Square footage received from tax rolls. All information recorded in the MLS intended to be accurate but cannot be guaranteed.
Key Highlights
- Prime downtown Daytona Beach location, one block from City Hall and close to courthouses and other professional establishments.
- Two‑story office building with 1708 sq ft of space, blending historic 1920s charm with modern functionality.
- Functional layout includes a reception area, conference room, four private offices, and a kitchen/breakroom.
Local Financial Insights For Office B
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 | $36.9k | $21.60 |
| − Vacancy | −$2.8k | −$1.62 |
| EGI | $34.1k | $19.98 |
| − OpEx | −$8.5k | −$5.00 |
| NOI | $25.6k | $14.99 |
1,708 SF · lease $21.60/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$365.6K
$319.9K – $426.6K
NOI $25,594 @ 7.0% cap · market cap 8.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$503.6K
$440.7K – $587.6K
NOI $35,253 @ 7.0% cap · market cap 11.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Law Offices of Mitchell ...
Law Firm
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Two-story office building in downtown Daytona Beach, ideal for professionals.
Where is this office building located?
The property is located at 339 S Ridgewood Ave Daytona Beach, FL.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Prime downtown Daytona Beach location, one block from City Hall and close to courthouses and other professional establishments.; Two‑story office building with 1708 sq ft of space, blending historic 1920s charm with modern functionality.; Functional layout includes a reception area, conference room, four private offices, and a kitchen/breakroom.
