542 N Ridgewood Avenue Daytona Beach, FL 32114
COMMERCIAL - Daytona Beach, FL
Property Features for 542 N Ridgewood Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 3, Bathroom 1
- Parking features
- Gated, Guest, On Street, Parking Lot, Driveway
- Security features
- Security
- Fencing
- Fenced
- Standard status
- Active
- APN
- 5338-38-00-0580
- Size
- 8,127 SF
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- 38-15-33 LOTS 56 & 58 & E 1/2 OF LOT 55 EXC R/W MARSHALL SUB COLEMANS DAYTONA MB 15 PG 199 PER OR 4027 PG 2555 PER OR 4114 PG 4652 PER OR 6678 PG 1276 PER OR 8355 PG 1041
- Tax Annual Amount
- 4486
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central, Varies by Unit (Heating)
- Cooling system
- Electric, Window Unit(s), Ceiling Fan(s), Wall/Window Unit(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1925
- Flooring type
- Wood, Tile, Laminate
- Building materials
- Frame, Stucco
- Roof type
- Shingle
Listing agent Thomas Caffrey (386) 290-9233
Listing office Realty Pros Assured 900 W Granada Blvd Ste 3, Ormond Beach, FL (386) 677-7653
Listing date Sep 12, 2025
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.
Key Highlights
- 10‑unit multifamily with unit mix including studios and 2‑bedroom units
- Multiple unit updates reported; rents generating a little over a 10% cap with 2 vacancies
- 3 separate buildings with gated and on‑site parking options (parking lot, driveway, guest, and on‑street)
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $125.8k | $15.48 |
| − Vacancy | −$13.2k | −$1.63 |
| EGI | $112.6k | $13.85 |
| − OpEx | −$50.7k | −$6.23 |
| NOI | $61.9k | $7.62 |
