Two-Story Professional Office
For Sale
$279,900
339 S RIDGEWOOD AVENUE, Daytona Beach, FL 32114
Four private offices and separate floor configurations support flexible owner-user or multi-tenant occupancy.
Property Size1,708 SF
Price / SF$163.88
Days on Market11
Property Features for 339 S RIDGEWOOD AVENUE
General Information
Standard status
Active
Size
1,708 SF
Property subtype
Office
Additional Details
Public Transit
Yes
Office Units
2
Amenities
0.24 acres
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 5339-01-11-0021, Public Survey Range: 33, Public Survey Section: 39, Annual Amount: $3,132, Tax Block: 11, Tax Book Number: 2-82, Legal Description: SW 1/4 OF LOT 2 BLK 11 DAYTONA PER OR 4343 PG 4505 PER UNREC DC PER OR 6848 PG 4812, Lot: 2, Year: 2025, Zoning: 02BP
Carpet, Ceramic Tile
Central Air
Listing ID: MFRO6433730, Standard Status: Active, MLS Status: Active, Property Subtype: Office, On market as of 2026-08-14, Special Conditions: None
Built in 1920, Living area: 1708, Living area units: Square Feet, Building faces West, 2 stories, Construction Materials: Frame
Subdivision: HODGMANS DAYTONA, MLS Area (Major): 32114 - Daytona Beach, County/Parish: Volusia
Public
Crawlspace
Close Of Escrow
Frontage Type: City Street, Road Surface: Asphalt
Security System
Accessible Approach with Ramp
Microwave, Refrigerator
Building Details
Year Built
1920
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
HOLT REAL ESTATE LLC
(386) 295-1267
Listed By:
Jennifer Cornette · License #3595719
Source:
Miharaandassociates
Added: Aug 14
Changed: Aug 24
Last Checked: Aug 23 at 10:59AM
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 HOLT REAL ESTATE LLC
Investment Insights
Based on property information with market context.
Built in 1920, this two-story office building combines period architectural detailing with updated systems and defined work areas. The interior includes four private offices arranged across the first and second floors, providing a practical configuration for professional operations.
The property can function as two independent office suites, with dedicated space on each level. That arrangement supports multi-tenant occupancy or an owner-occupied setup using the building’s separate areas. Located at 339 S RIDGEWOOD in Daytona Beach, the property has a Walk Score of 23, a Bike Score of 39, and a Transit Score of 33.
The property can function as two independent office suites, with dedicated space on each level. That arrangement supports multi-tenant occupancy or an owner-occupied setup using the building’s separate areas. Located at 339 S RIDGEWOOD in Daytona Beach, the property has a Walk Score of 23, a Bike Score of 39, and a Transit Score of 33.
Key Highlights
- Two‑story office building constructed in 1920
- Four private offices across the first and second floors
- Layout supports two fully independent office suites
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
$25,594
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
9.14%
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%
$511,880
$511.9K
Cap Rate 7%
$365,629
$365.6K
Cap Rate 9%
$284,378
$284.4K
Market Conditions
NOI Build-Up for 1,708 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
$36.9K $21.60/SF
− Vacancy
−$2.8K −$1.62/SF
EGI
$34.1K $19.98/SF
− OpEx
−$8.5K −$5.00/SF
NOI
$25.6K $14.99/SF
Area
Volusia County, FL
Vacancy
7.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$511,880
Cap Rate 7%
$365,629
Cap Rate 9%
$284,378
Alternative Uses
Best Use
Office B
$365.6K
$319.9K – $426.6K
NOI $25,594 @ 7.0% cap · market cap 9.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$503.6K
$440.7K – $587.6K
NOI $35,253 @ 7.0% cap · market cap 12.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,667
Businesses Nearby
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Four private offices and separate floor configurations support flexible owner-user or multi-tenant occupancy.
Where is this office building located?
The property is located at 339 S RIDGEWOOD AVENUE Daytona Beach, FL.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Two‑story office building constructed in 1920; Four private offices across the first and second floors; Layout supports two fully independent office suites
