Two-Building Office
3450 S Ridgewood Avenue, Port Orange, FL 32129
For Sale
New
$3,150,000
Commercial Sale, Port Orange, FL
Property Size10,020 SF
Lot Size1.25 Acres
Price / SF$314.37
Days on Market1
Property Features for 3450 S Ridgewood Avenue
General Information
Property type
Property subtype
Zoning description
Parking features
Subdivision
Directions
Standard status
APN
Size
Lot size
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Amenities
impact-resistant windows
professional landscaping
soaring ceilings
conference rooms
showroom space
break room
reception areas
Building Details
Year built
Floors in Building
Building materials
Roof type
Buildings
Listing Agency:
Realty Pros Assured
(386) 677-7653
Listed By:
Beau Warren · License FL SL3207370
(386) 589-5754
Added: Nov 9
Last Checked: Nov 9 at 12:06PM
MLS# 1232643
Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The 1.25-acre property contains two office buildings totaling 10,020 square feet. The two-story, 5,266-square-foot building has private offices, two conference rooms, showroom space, a break room, reception areas, and elevator service. Its finishes include tile flooring, impact-resistant windows, 8-foot doors, and ceilings reaching 25 feet. A separate, single-story building offers approximately 4,754 leasable square feet across four suites, each approximately 1,200 square feet. Two suites are leased on NNN terms; the other two are available. The buildings were constructed in 2024 and include 35 parking spaces.
The property fronts S Ridgewood Avenue, also identified as US Highway 1, in Port Orange. Riverwalk Park and Riverside Pavilion Park are across the avenue. Dunlawton Avenue, Interstate 95, Daytona Beach, and New Smyrna Beach are identified as nearby connections and destinations.
The property fronts S Ridgewood Avenue, also identified as US Highway 1, in Port Orange. Riverwalk Park and Riverside Pavilion Park are across the avenue. Dunlawton Avenue, Interstate 95, Daytona Beach, and New Smyrna Beach are identified as nearby connections and destinations.
Key Highlights
- Two office buildings contain 10,020 square feet on 1.25 acres
- Headquarters building: 5,266 SF, two stories, elevator, two conference rooms, and ceilings up to 25 feet
- Four‑suite building has approximately 4,754 leasable SF; each suite is approximately 1,200 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$150,150
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,003,000
$3.0M
Cap Rate 7%
$2,145,000
$2.1M
Cap Rate 9%
$1,668,333
$1.7M
Market Conditions
NOI Build-Up for 10,020 SF
Gross rent
$216.4K $21.60/SF
− Vacancy
−$16.2K −$1.62/SF
EGI
$200.2K $19.98/SF
− OpEx
−$50.0K −$5.00/SF
NOI
$150.1K $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 Rate 5%
$3,003,000
Cap Rate 7%
$2,145,000
Cap Rate 9%
$1,668,333
Alternative Uses
Best Use
Office B
$2.15M
$1.88M – $2.50M
NOI $150,150 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.95M
$2.59M – $3.45M
NOI $206,813 @ 7.0% cap · market cap 6.57%
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
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Current Use
Lease Details
5
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
561
Businesses Nearby
Explore this area
Business Placement
Demographics for 32129, FL
21,594
Population
11,991
Households
1.8
Avg Household Size
50
Median Age
25%
College-Educated
93%
High-School Grad
7.5 sq mi
ZIP Area
2,879
Density / Sq Mi
$65,936
Median Household Income
$39,226
Median Earnings
$1,538
Median Rent
$241,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Volusia County, FL
Properties on Market for Office buildings in Volusia County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A two-story office headquarters and a separate multi-suite building combine owner-occupancy space with existing NNN leases.
Where is this office building located?
The property is located at 3450 S Ridgewood Avenue Port Orange, FL.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: Two office buildings contain 10,020 square feet on 1.25 acres; Headquarters building: 5,266 SF, two stories, elevator, two conference rooms, and ceilings up to 25 feet; Four‑suite building has approximately 4,754 leasable SF; each suite is approximately 1,200 square feet
