Office Building with Flexible Room
New
For Sale
$415,000
547 N RIDGEWOOD Avenue, Daytona Beach, FL 32114
Commercial Sale, DAYTONA BEACH, FL
Property Size1,949 SF
Lot Size0.11 Acres
Price / SF$212.93
Days on Market4
Property Features for 547 N RIDGEWOOD Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
ROGERS & TAYLOR
Directions
From I-95, take Exit 261 for US-92 East/International Speedway Boulevard. Continue east toward downtown Daytona Beach. Turn left onto N Ridgewood Avenue (US-1). Continue north to Taylor Avenue. The property is on the right at the corner of N Ridgewood Avenue and Taylor Avenue.
Standard status
Active
APN
5338-34-02-0011
Size
1,949 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
38-15-33 W 100 FT OF LOT 1 EXC HWY BLK B ROGERS & TAYLOR REVISED SUB MB 4 PG 184 MB 15 PG 85 OF COLEMANS DAYTONA MB 1 PG 155 MB 12 PG 33 PER OR 4352 PG 3264 PER OR 8330 PG 0543
Tax Annual Amount
1482
Legal Description
38-15-33 W 100 FT OF LOT 1 EXC HWY BLK B ROGERS & TAYLOR REVISED SUB MB 4 PG 184 MB 15 PG 85 OF COLEMANS DAYTONA MB 1 PG 155 MB 12 PG 33 PER OR 4352 PG 3264 PER OR 8330 PG 0543
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1925
Floors in Building
1
Listing Agency:
LOKATION
(954) 545-5583
Listed By:
Tanya Donohoe · License #3261299
(407) 946-4533
Added: Sep 24
Changed: Sep 27
Last Checked: Sep 27 at 12:06PM
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.
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 = 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
$29,206
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
7.04%
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%
$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
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
$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 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%
$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.
Property Analytics
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Open Analytics
Current Use
Lease Details
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - 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
