Daytona Beach Portfolio
For Sale
$1,650,000
404 S RIDGEWOOD AVENUE, Daytona Beach, FL 32114
Five parcels including a historic home and buildable lots.
Property Size16,021 SF
Lot Size0.51 Acres
Price / SF$206.25
Days on Market491
Property Features for 404 S RIDGEWOOD AVENUE
General Information
Standard status
Active
Size
16,021 SF
Lot size
0.51 Acres
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$7,755
Building Details
Building Size
16,021 SF
Year Built
1901
Listing Agency:
ADAMS, CAMERON & CO., REALTORS
Listed By:
Daniel Lyonnais · License #3196672
(386) 852-7932
Source:
Swannre
Added: Jun 4, 2025
Changed: Sep 10
Last Checked: Oct 5 at 3:03PM
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 ADAMS, CAMERON & CO., REALTORS
Investment Insights
Based on property information with market context.
This portfolio consists of five parcels, including an 8,000 square foot fully renovated historic Victorian home, a 7,000 square foot co-living property, a 1,021 square foot house, and three adjacent land parcels in Daytona Beach, Florida. The homes are strategically located with 164 feet of frontage on US-1, minutes from the beach, the Intercoastal Waterway, and major attractions. The centerpiece is the Victorian home, listed on the U.S. National Register of Historic Places, featuring 10 uniquely decorated bedrooms, 5 full bathrooms, and two basement apartments. The current lease with Pad Split runs through July 2025. The 1,021 square foot house has 4 bedrooms and 1 bathroom and has been fully renovated with a new bathroom/shower, plumbing, and General Electric upgrades. All three properties benefit from recent leases with Pad Split. The three land parcels total 0.51 acres and are zoned T-2, allowing for a wide variety of uses. The portfolio includes over $100,000 in furniture and fixtures. This offering is appealing to investors and developers.
Key Highlights
- Significant Price Reduction: Over $800k reduction, offered below market value.
- Turnkey Rented Portfolio: Includes furniture and fixtures for immediate income.
- Multiple Properties: Featuring a renovated 8,000 SF Historic Victorian, a 7,000 SF co‑living property, and a 1,021 SF house.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,960
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,219,200
$1.2M
Cap Rate 7%
$870,857
$870.9K
Cap Rate 9%
$677,333
$677.3K
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$123.8K $15.48/SF
− Vacancy
−$13.0K −$1.63/SF
EGI
$110.8K $13.85/SF
− OpEx
−$49.9K −$6.23/SF
NOI
$61.0K $7.62/SF
Area
Volusia County, FL
Vacancy
10.50%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,219,200
Cap Rate 7%
$870,857
Cap Rate 9%
$677,333
Alternative Uses
Best Use
Apartment 5plus
$870.9K
$762.0K – $1.02M
NOI $60,960 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.36M
$2.06M – $2.75M
NOI $165,120 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,555
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Five parcels including a historic home and buildable lots.
Where is this multifamily property located?
The property is located at 404 S RIDGEWOOD AVENUE Daytona Beach, FL.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Significant Price Reduction: Over $800k reduction, offered below market value.; Turnkey Rented Portfolio: Includes furniture and fixtures for immediate income.; Multiple Properties: Featuring a renovated 8,000 SF Historic Victorian, a 7,000 SF co‑living property, and a 1,021 SF house.
