Port Orange Commercial Property For
For Sale
$995,000
5110 S Ridgewood Ave, Port Orange, FL 32127
Five-unit commercial property with business and inventory included in sale.
Property Size5,136 SF
Price / SF$193.73
Days on Market189
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Property Features for 5110 S Ridgewood Ave
General Information
Standard status
Active
Size
5,136 SF
Building Details
Year Built
1976
Listing Agency:
LUXURY ORLANDO REAL ESTATE
Listed By:
Anthony Giuffrida, PA · License #3316708
(407) 271-0536
Source:
Livewelltampabay
Added: Apr 10
Changed: Oct 2
Last Checked: Oct 15 at 12:04AM
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 LUXURY ORLANDO REAL ESTATE
Investment Insights
Based on property information with market context.
This five-unit commercial property is available for sale on US-1 in Port Orange. The sale encompasses the real estate, a marine parts, boat lift, and boat trailer parts business, along with over $175,000 in inventory. Constructed with concrete block, the building features a new roof installed in 2019. Each of the five commercial units includes a private bathroom and an individual electric meter. The business currently generates an average of $400,000 per year in sales. The business has been operating for 50 years. The business operates in the two front storefronts, allowing the new owner to rent the remaining three rear empty storefronts or open three additional businesses. Zoned RD, the property allows for multi-use, including offices, retail stores, and auto, boat, motorcycle, and trailer repair. The property is located near a boat ramp, marinas, and the intercoastal waterway. The location has a bike score of 65, indicating it is bikeable, and a walk score of 60, indicating it is somewhat walkable.
Key Highlights
- Established Business: Includes a 50‑year‑old marine parts and boat lift/trailer parts business with $175k+ inventory and $400k annual gross sales.
- Income Potential: Features 5 commercial units, with the opportunity to rent out 3 vacant units or establish additional businesses.
- Strategic Location: Situated on busy US‑1 in Port Orange, near boat ramps, marinas, and the intercoastal waterway.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,373
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$967,460
$967.5K
Cap Rate 7%
$691,043
$691.0K
Cap Rate 9%
$537,478
$537.5K
Market Conditions
NOI Build-Up for 5,136 SF
Gross rent
$77.0K $15.00/SF
− Vacancy
−$7.9K −$1.55/SF
EGI
$69.1K $13.46/SF
− OpEx
−$20.7K −$4.04/SF
NOI
$48.4K $9.42/SF
Area
Volusia County, FL
Vacancy
10.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$967,460
Cap Rate 7%
$691,043
Cap Rate 9%
$537,478
Alternative Uses
Best Use
Retail
$691.0K
$604.7K – $806.2K
NOI $48,373 @ 7.0% cap · market cap 4.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.51M
$1.33M – $1.77M
NOI $106,007 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
3k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Sunoco
Shops & Services
3,071 visits/mo
0.4 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Storefront property - Five-unit commercial property with business and inventory included in sale.
Where is this storefront property located?
The property is located at 5110 S Ridgewood Ave Port Orange, FL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Established Business: Includes a 50‑year‑old marine parts and boat lift/trailer parts business with $175k+ inventory and $400k annual gross sales.; Income Potential: Features 5 commercial units, with the opportunity to rent out 3 vacant units or establish additional businesses.; Strategic Location: Situated on busy US‑1 in Port Orange, near boat ramps, marinas, and the intercoastal waterway.
