Mixed-Use Building with Multiple
For Sale
$415,000
547 N RIDGEWOOD AVE, Daytona Beach, FL 32114
Vacant and arranged with several rooms, the building includes two full bathrooms.
Property Size1,949 SF
Price / SF$212.93
Days on Market34
Property Features for 547 N RIDGEWOOD AVE
General Information
Standard status
Active
Size
1,949 SF
Property subtype
Mixed Use
Zoning
BP
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$1,481
Building Details
Building Size
1,949 SF
Year Built
1925
Buildings
1
Listing Agency:
LOKATION
Listed By:
Tanya Donohoe · License #3261299
(954) 545-5583
Source:
Coastalventures
Added: Sep 24
Changed: Oct 26
Last Checked: Oct 26 at 3:53PM
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 LOKATION
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Investment Insights
Based on property information with market context.
Built in 1925, this 1,949-square-foot mixed-use building has a reception area and open-plan space with cabinet storage. The front section contains three additional rooms and a full bathroom with a shower. At the rear, four or more rooms and a second full bathroom provide further interior space. The property is vacant and offered as-is, with BP zoning.
The building is on N Ridgewood Avenue, identified as US-1, near downtown Daytona Beach. Major roadways and residential and commercial areas are also described as nearby.
The building is on N Ridgewood Avenue, identified as US-1, near downtown Daytona Beach. Major roadways and residential and commercial areas are also described as nearby.
Key Highlights
- 1,949‑square‑foot building constructed in 1925
- BP zoning
- Front area includes reception space, an open room, three additional rooms, and a full bathroom with shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,075
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$481,500
$481.5K
Cap Rate 7%
$343,929
$343.9K
Cap Rate 9%
$267,500
$267.5K
Market Conditions
NOI Build-Up for 1,949 SF
Gross rent
$42.1K $21.60/SF
− Vacancy
−$3.6K −$1.84/SF
EGI
$38.5K $19.76/SF
− OpEx
−$14.4K −$7.41/SF
NOI
$24.1K $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%
$481,500
Cap Rate 7%
$343,929
Cap Rate 9%
$267,500
Alternative Uses
Best Use
Mixed Use
$343.9K
$300.9K – $401.3K
NOI $24,075 @ 7.0% cap · market cap 5.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$574.7K
$502.8K – $670.5K
NOI $40,227 @ 7.0% cap · market cap 9.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,126
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Vacant and arranged with several rooms, the building includes two full bathrooms.
Where is this mixed-use property located?
The property is located at 547 N RIDGEWOOD AVE Daytona Beach, FL.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 1,949‑square‑foot building constructed in 1925; BP zoning; Front area includes reception space, an open room, three additional rooms, and a full bathroom with shower
