Office Building with Flexible Room
547 N RIDGEWOOD Avenue, Daytona Beach, FL 32114
For Sale
$415,000
Commercial Sale, DAYTONA BEACH, FL
Property Size1,949 SF
Lot Size0.11 Acres
Price / SF$212.93
Days on Market50
Property Features for 547 N RIDGEWOOD Avenue
General Information
Property type
Property subtype
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Listing Agency:
LOKATION
(954) 545-5583
Listed By:
Tanya Donohoe · License FL #3261299
(407) 946-4533
Added: Sep 24
Changed: Oct 2
Last Checked: Nov 12 at 7:06AM
MLS# V4951505
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,949-square-foot office building was built in 1925 and is offered vacant in AS-IS condition. The interior includes a reception area, an open room with cabinet storage, three additional rooms, and a full bathroom with a shower in the front section. The rear area adds at least four more rooms and a second full bathroom. Central heating and central air are installed.
The property occupies a 0.11-acre site on N Ridgewood Avenue, identified as US-1, in Daytona Beach. BP (Business Professional) zoning applies. Its room count, open area, storage cabinets, and two full bathrooms define the existing configuration.
The property occupies a 0.11-acre site on N Ridgewood Avenue, identified as US-1, in Daytona Beach. BP (Business Professional) zoning applies. Its room count, open area, storage cabinets, and two full bathrooms define the existing configuration.
Key Highlights
- 1,949 square feet; built in 1925
- 0.11‑acre site on N Ridgewood Avenue (US‑1)
- BP (Business Professional) zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,206
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$584,120
$584.1K
Cap Rate 7%
$417,229
$417.2K
Cap Rate 9%
$324,511
$324.5K
Market Conditions
NOI Build-Up for 1,949 SF
Gross rent
$42.1K $21.60/SF
− Vacancy
−$3.2K −$1.62/SF
EGI
$38.9K $19.98/SF
− OpEx
−$9.7K −$5.00/SF
NOI
$29.2K $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 Rate 5%
$584,120
Cap Rate 7%
$417,229
Cap Rate 9%
$324,511
Alternative Uses
Best Use
Office B
$417.2K
$365.1K – $486.8K
NOI $29,206 @ 7.0% cap · market cap 7.04%
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
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,126
Businesses Nearby
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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
$174,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Daytona Beach, FL
Properties on Market for Office buildings in Daytona Beach
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Business Professional zoning and multiple enclosed rooms support a range of office configurations.
Where is this office building located?
The property is located at 547 N RIDGEWOOD Avenue 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 feet; built in 1925; 0.11‑acre site on N Ridgewood Avenue (US‑1); BP (Business Professional) zoning
