Mixed-Use Property with
For Sale
$725,000
4180 S Ridgewood Avenue, Port Orange, FL 32127
Two office areas and two residential units create a varied configuration on a 0.37-acre site.
Property Size4,650 SF
Lot Size0.37 Acres
Price / SF$155.91
Days on Market24
Property Features for 4180 S Ridgewood Avenue
General Information
Standard status
Active
Size
4,650 SF
Lot size
0.37 Acres
Property subtype
Mixed Use
Zoning
Ridgewood Development (RD)
Units
Unit Mix
1 x 1BR/1BA, 1 x 2,400 SF apartment
Multifamily Units
2
Office Units
2
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Road Access
Yes
Property Use
Mixed-Use
Taxes and HOA fees
Annual Taxes
$8,439
Building Details
Building Size
4,650 SF
Year Built
1984
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Keller Williams Realty Florida Partners
Listed By:
Steve Casserly
(386) 290-9590
Source:
Marlinrealtygroup
Added: Oct 13
Changed: Oct 27
Last Checked: Nov 4 at 8:25AM
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 Keller Williams Realty Florida Partners
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Investment Insights
Based on property information with market context.
At 4180 S Ridgewood Avenue, this two-story mixed-use property combines office and residential space. The ground floor contains two separate office areas, including one with its own entrance, along with a one-bedroom, one-bath apartment. A second residential apartment of approximately 2,400 square feet occupies the upper floor. The property is scheduled for delivery vacant at closing. The City of Port Orange zoning designation is Ridgewood Development (RD).
The site covers approximately 0.37 acres along South Ridgewood Avenue in Port Orange, with access to Port Orange, Daytona Beach, South Daytona, and the surrounding Volusia County market. Improvements include a roof installed in 2024 and air conditioning replaced in 2022.
The site covers approximately 0.37 acres along South Ridgewood Avenue in Port Orange, with access to Port Orange, Daytona Beach, South Daytona, and the surrounding Volusia County market. Improvements include a roof installed in 2024 and air conditioning replaced in 2022.
Key Highlights
- Two‑story mixed‑use property with office and residential components
- Two ground‑floor office areas, including one with a separate entrance
- Ground‑floor one‑bedroom, one‑bath apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,439
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,148,780
$1.1M
Cap Rate 7%
$820,557
$820.6K
Cap Rate 9%
$638,211
$638.2K
Market Conditions
NOI Build-Up for 4,650 SF
Gross rent
$100.4K $21.60/SF
− Vacancy
−$8.5K −$1.84/SF
EGI
$91.9K $19.76/SF
− OpEx
−$34.5K −$7.41/SF
NOI
$57.4K $12.35/SF
Area
Volusia County, FL
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,148,780
Cap Rate 7%
$820,557
Cap Rate 9%
$638,211
Alternative Uses
Best Use
Office B
$995.4K
$871.0K – $1.16M
NOI $69,680 @ 7.0% cap · market cap 9.61%
Second Best
Mixed Use
$820.6K
$718.0K – $957.3K
NOI $57,439 @ 7.0% cap · market cap 7.92%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,976 @ 7.0% cap · market cap 13.24%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Office units
2
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
796
Businesses Nearby
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Business Placement
Demographics for 32127, FL
29,999
Population
15,898
Households
1.9
Avg Household Size
53
Median Age
30%
College-Educated
94%
High-School Grad
14.9 sq mi
ZIP Area
2,013
Density / Sq Mi
$65,260
Median Household Income
$39,196
Median Earnings
$1,324
Median Rent
$301,800
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two office areas and two residential units create a varied configuration on a 0.37-acre site.
Where is this mixed-use property located?
The property is located at 4180 S Ridgewood Avenue Port Orange, FL.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Two‑story mixed‑use property with office and residential components; Two ground‑floor office areas, including one with a separate entrance; Ground‑floor one‑bedroom, one‑bath apartment
