Two-Story Office Building with
For Sale
Under Contract
$299,999
519 S Ridgewood Avenue, Daytona Beach, FL 32114
COMMERCIAL - Daytona Beach, FL
Property Size1,712 SF
Lot Size0.20 Acres
Price / SF$175.23
Days on Market51
Property Features for 519 S Ridgewood Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Commercial
Security features
Security System
Lot features
Easement Access
Directions
Located on the east side of Ridgewood Avenue between Bellevue Avenue and International Speedway Boulevard.
Subdivision
32 - Daytona Beville to ISB, E of 95
Standard status
Active Under Contract
APN
5339-01-13-0042
Size
1,712 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
S 50 FT OF W 175 FT OF LOT 4 BLK 13 DAYTONA MB 2 PG 82 PER OR 4290 PG 2576 PER OR 6636 PG 2241 PER OR 7287 PG 4630 PER OR 7616 PG 1720 PER OR 8816 PG 0234 PER OR 8819 PG 3888
Tax Annual Amount
1814
Legal Description
S 50 FT OF W 175 FT OF LOT 4 BLK 13 DAYTONA MB 2 PG 82 PER OR 4290 PG 2576 PER OR 6636 PG 2241 PER OR 7287 PG 4630 PER OR 7616 PG 1720 PER OR 8816 PG 0234 PER OR 8819 PG 3888
Building Details
Year built
1925
Flooring type
Laminate
Listing Agency:
Realty Pros Commercial
(386) 253-8565
Listed By:
Briana Quinones
(386) 295-6855
Added: Jun 23
Changed: Aug 4
Last Checked: Aug 12 at 3:06AM
MLS# 1227863
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 office building offers a total of 1,712 square feet and is presented with Spanish-style architecture. Improvements cited in the remarks include a new roof and a new water heater. The first floor provides 1,308 square feet with a lobby area, three private offices, a conference room, break room, and two restrooms. The second floor adds 404 square feet with two offices and one restroom, supporting a tenant-ready split between administrative and private workspace.
The property is located along South Ridgewood Avenue in Daytona Beach, with average daily traffic reported at approximately 30,000 vehicles, providing visibility and accessibility. The building also includes seven rear parking spaces. The remarks note the location is approximately two miles from the International Speedway corridor and offers convenient access to I-95, Daytona Beach International Airport, and surrounding business districts.
Designed for an owner-user or investor, the existing floor plan supports a professional office environment with multiple private offices, meeting space, and break and restroom facilities across both levels. With parking on-site and frontage along a heavily traveled corridor, the building can work well for businesses seeking a walk-in friendly presence and a manageable, two-level layout.
The property is located along South Ridgewood Avenue in Daytona Beach, with average daily traffic reported at approximately 30,000 vehicles, providing visibility and accessibility. The building also includes seven rear parking spaces. The remarks note the location is approximately two miles from the International Speedway corridor and offers convenient access to I-95, Daytona Beach International Airport, and surrounding business districts.
Designed for an owner-user or investor, the existing floor plan supports a professional office environment with multiple private offices, meeting space, and break and restroom facilities across both levels. With parking on-site and frontage along a heavily traveled corridor, the building can work well for businesses seeking a walk-in friendly presence and a manageable, two-level layout.
Key Highlights
- 1,712 SF two‑story office building with Spanish‑style architecture, built in 1925
- 1,308 SF first floor includes lobby, 3 private offices, conference room, break room, and 2 restrooms
- 404 SF second floor includes 2 offices and 1 restroom
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
$25,654
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
8.55%
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%
$513,080
$513.1K
Cap Rate 7%
$366,486
$366.5K
Cap Rate 9%
$285,044
$285.0K
Market Conditions
NOI Build-Up for 1,712 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
$37.0K $21.60/SF
− Vacancy
−$2.8K −$1.62/SF
EGI
$34.2K $19.98/SF
− OpEx
−$8.6K −$5.00/SF
NOI
$25.7K $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%
$513,080
Cap Rate 7%
$366,486
Cap Rate 9%
$285,044
Alternative Uses
Best Use
Office B
$366.5K
$320.7K – $427.6K
NOI $25,654 @ 7.0% cap · market cap 8.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$504.8K
$441.7K – $588.9K
NOI $35,336 @ 7.0% cap · market cap 11.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,196
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with Spanish-style exterior, seven rear parking spaces, and first- and second-floor office layouts.
Where is this office building located?
The property is located at 519 S Ridgewood Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: 1,712 SF two‑story office building with Spanish‑style architecture, built in 1925; 1,308 SF first floor includes lobby, 3 private offices, conference room, break room, and 2 restrooms; 404 SF second floor includes 2 offices and 1 restroom
