Mixed-Use Property with
New
For Sale
$725,000
4180 S Ridgewood Avenue, Port Orange, FL 32127
Commercial Sale, Port Orange, FL
Property Size4,650 SF
Lot Size0.36 Acres
Price / SF$155.91
Days on Market4
Property Features for 4180 S Ridgewood Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 4, Bathroom 2, Bathroom 3, Bathroom 1, Bathroom 5
Parking features
Parking Lot, Garage
Lot features
Cleared
Directions
From Dunlawton, South on US 1, Building on right
Subdivision
21 - Port Orange S of Dunlawton, E of 95
Standard status
Active
APN
6341-03-00-0050
Size
4,650 SF
Lot size
0.36 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 5 EXC W 25 FT IN EASEMENT & EXC US 1 R/W MARSHALL ADD PORT ORANGE PER OR 4525 PG 4203 PER OR 8291 PG 3119
Tax Annual Amount
8439
Legal Description
LOT 5 EXC W 25 FT IN EASEMENT & EXC US 1 R/W MARSHALL ADD PORT ORANGE PER OR 4525 PG 4203 PER OR 8291 PG 3119
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1984
Floors in Building
2
Number of units
1
Building materials
Block
Roof type
Shingle
Listing Agency:
Keller Williams Realty Florida Partners
(386) 944-2800
Listed By:
Steve Casserly
(386) 290-9590
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 15 at 11:06AM
MLS# 1231728
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.
Investment Insights
Based on property information with market context.
This two-story mixed-use property combines two ground-floor office spaces with residential accommodations. One office has a separate entrance, and the ground level also includes a one-bedroom, one-bath apartment. A second apartment, approximately 2,400 square feet, occupies the upper floor. The building was constructed in 1984 and has block construction, central air conditioning and electric heat. A new roof was installed in 2024, and the air conditioning was updated in 2022. The property is to be delivered vacant at closing.
Located on South Ridgewood Avenue in Port Orange, the property is zoned Ridgewood Development (RD). Public water and sewer serve the site, which includes a parking lot and garage.
Located on South Ridgewood Avenue in Port Orange, the property is zoned Ridgewood Development (RD). Public water and sewer serve the site, which includes a parking lot and garage.
Key Highlights
- Two‑story property with two ground‑floor office spaces and residential units
- Upper‑level apartment measures approximately 2,400 square feet
- Ground‑floor apartment has 1 bedroom and 1 bathroom
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
Location Intelligence
Trade Area within ½ mile
796
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor office spaces accompany residential units, with the property to be vacant at closing.
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 property with two ground‑floor office spaces and residential units; Upper‑level apartment measures approximately 2,400 square feet; Ground‑floor apartment has 1 bedroom and 1 bathroom
