Boutique Commercial Property in Port
For Sale
Contact for pricing
5014 S Ridgewood Avenue, Port Orange, FL 32127
Turnkey commercial property with high visibility and expansion potential.
Property Size746 SF
Lot Size0.22 Acres
Price / SF$462.47
Days on Market101
Property Features for 5014 S Ridgewood Avenue
General Information
Standard status
Active
Size
746 SF
Lot size
0.22 Acres
Property subtype
Business for Sale, Office, Retail
Building Details
Year Built
1941
Listing Agency:
Realty Pros Assured
(845) 656-9911
Listed By:
Matthew Reilly · License #3381045
Source:
Crexi
Added: May 23
Changed: Aug 25
Last Checked: Aug 30 at 5:15PM
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 Realty Pros Assured
Investment Insights
Based on property information with market context.
This commercial property is located in Port Orange on Ridgewood Avenue/US-1. The property is positioned across from the Port Orange Flea Market and is surrounded by shops, restaurants, and local businesses. The property is suitable for retail, office, wellness, or specialty boutique concepts, with room for expansion. It features frontage and signage potential. The lot size is 50'x192'. The property has a parking lot and is ADA compliant. The property size is 746 square feet.
Key Highlights
- Prime location on Ridgewood Avenue/US‑1 with high visibility and traffic.
- Turnkey business opportunity suitable for retail, office, wellness, or boutique concepts.
- Large lot size (50'x192') with room for expansion.
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
$11,179
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
3.24%
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%
$223,580
$223.6K
Cap Rate 7%
$159,700
$159.7K
Cap Rate 9%
$124,211
$124.2K
Market Conditions
NOI Build-Up for 746 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
$16.1K $21.60/SF
− Vacancy
−$1.2K −$1.62/SF
EGI
$14.9K $19.98/SF
− OpEx
−$3.7K −$5.00/SF
NOI
$11.2K $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%
$223,580
Cap Rate 7%
$159,700
Cap Rate 9%
$124,211
Alternative Uses
Best Use
Office B
$159.7K
$139.7K – $186.3K
NOI $11,179 @ 7.0% cap · market cap 3.24%
Second Best
Retail
$100.4K
$87.8K – $117.1K
NOI $7,026 @ 7.0% cap · market cap 2.04%
Theoretical Best
Office A
$220.0K
$192.5K – $256.6K
NOI $15,397 @ 7.0% cap · market cap 4.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
527
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Turnkey commercial property with high visibility and expansion potential.
Where is this storefront property located?
The property is located at 5014 S Ridgewood Avenue Port Orange, FL.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Prime location on Ridgewood Avenue/US‑1 with high visibility and traffic.; Turnkey business opportunity suitable for retail, office, wellness, or boutique concepts.; Large lot size (50'x192') with room for expansion.
