Two-Story Professional Office
339 S Ridgewood Ave Daytona Beach, FL 32114
For Sale
Contact for pricing
Two-story professional building with four offices, reception area, conference room, and rear parking with two covered spaces.
Property Size1,708 SF
Price / SF$198.48
Days on Market536
Property Features for 339 S Ridgewood Ave
General Information
- Standard status
- Active
- Size
- 1,708 SF
- Property subtype
- Office
Building Details
- Year Built
- 1920
Listing Agency:
Realty Pros Commercial
(386) 295-0958
Listed By:
Tom Ryan · License #3278836
Source:
Crexi
Added: Feb 5, 2025
Changed: Jul 20
Last Checked: Jul 25 at 3:39AM
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.
For sale is a two-story professional office building with four offices totaling 1,708 square feet. The first floor features a reception area, a spacious conference room, a private office, and a kitchen/breakroom. Upstairs includes three private offices. Recent renovations include fresh interior paint and new carpeting.
Located in downtown Daytona Beach, the property is described as a block away from Daytona Beach City Hall and close to courthouses and other professional establishments.
Additional improvements referenced include a newer roof and attic insulation, along with a foundation warranty. Parking is available in the rear, including two covered spaces.
Located in downtown Daytona Beach, the property is described as a block away from Daytona Beach City Hall and close to courthouses and other professional establishments.
Additional improvements referenced include a newer roof and attic insulation, along with a foundation warranty. Parking is available in the rear, including two covered spaces.
Key Highlights
- Downtown Daytona Beach two‑story professional building originally built in 1920
- 1708 SF includes a reception area, conference room, private office, and kitchen/breakroom on the first floor
- Second floor has three private offices for a total of four offices
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 7.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$503.6K
$440.7K – $587.6K
NOI $35,253 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Law Offices of Mitchell ...
Law Firm
FAQs
What type of property is this?
Office building - Two-story professional building with four offices, reception area, conference room, and rear parking with two covered spaces.
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 $339,000.
What are key features of this property?
This property features: Downtown Daytona Beach two‑story professional building originally built in 1920; 1708 SF includes a reception area, conference room, private office, and kitchen/breakroom on the first floor; Second floor has three private offices for a total of four offices
