Retail-Showroom Warehouse with
For Sale
Contact for pricing
719 N Ridgewood Avenue, Daytona Beach, FL 32114
Renovated retail/showroom and warehouse with high-clearance space, multiple loading doors, and a fully fenced parking and laydown yard.
Property Size6,300 SF
Price / SF$134.92
Days on Market70
Property Features for 719 N Ridgewood Avenue
General Information
Standard status
Active
Size
6,300 SF
Class
C
Property subtype
Retail
Building Details
Year Built
1948
Listing Agency:
Coldwell Banker Coast Realty
(386) 212-5373
Listed By:
Adelina Pires · License #SL3641201
Source:
Crexi
Added: Jun 5
Changed: Aug 8
Last Checked: Aug 12 at 3:06PM
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 Coldwell Banker Coast Realty
Investment Insights
Based on property information with market context.
This renovated property combines retail/showroom space with warehouse functionality, totaling 6,300 SF. Updates include impact-rated storefront windows and doors, fresh Hardie Board siding, roof coatings, and a renovated bathroom. Interior features include multiple offices and exposed ceilings/ductwork. The warehouse portion offers high ceilings and is connected to the showroom through a large glass folding door, supporting flexible customer-facing operations and back-of-house access.
Located on N Ridgewood Avenue with strong visibility, the property is described as having approximately 29,998 AADT. The site is zoned BR-1 (Business Retail-1), which allows for retail sales and service, industrial services, healthcare offices, boat/marine sales and service, and more. Access includes two grade-level doors plus remote-controlled roll-up doors designed for forklift and vehicle movement. The property also includes a fully fenced parking and laydown yard.
With its showroom-to-warehouse connection and multiple door options for vehicles and equipment, the building is well suited for tenants that need both a customer-facing presence and practical storage or light industrial workflow. Flood Zone X (high & dry) and a security system with exterior cameras convey, providing added operational continuity. Two shipping containers are negotiable.
Located on N Ridgewood Avenue with strong visibility, the property is described as having approximately 29,998 AADT. The site is zoned BR-1 (Business Retail-1), which allows for retail sales and service, industrial services, healthcare offices, boat/marine sales and service, and more. Access includes two grade-level doors plus remote-controlled roll-up doors designed for forklift and vehicle movement. The property also includes a fully fenced parking and laydown yard.
With its showroom-to-warehouse connection and multiple door options for vehicles and equipment, the building is well suited for tenants that need both a customer-facing presence and practical storage or light industrial workflow. Flood Zone X (high & dry) and a security system with exterior cameras convey, providing added operational continuity. Two shipping containers are negotiable.
Key Highlights
- Renovated 6,300 SF retail/showroom and warehouse building built in 1948
- High‑clearance warehouse layout with showroom‑to‑warehouse connection via large glass folding door
- Includes multiple loading/vehicle access doors: two grade‑level doors plus remote‑controlled roll‑up doors
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
$71,042
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
8.36%
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%
$1,420,840
$1.4M
Cap Rate 7%
$1,014,886
$1.0M
Cap Rate 9%
$789,356
$789.4K
Market Conditions
NOI Build-Up for 6,300 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
$119.4K $18.96/SF
− Vacancy
−$10.2K −$1.61/SF
EGI
$109.3K $17.35/SF
− OpEx
−$38.3K −$6.07/SF
NOI
$71.0K $11.28/SF
Area
Volusia County, FL
Vacancy
8.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
35.00%
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%
$1,420,840
Cap Rate 7%
$1,014,886
Cap Rate 9%
$789,356
Alternative Uses
Best Use
Flex RnD
$1.01M
$888.0K – $1.18M
NOI $71,042 @ 7.0% cap · market cap 8.36%
Second Best
Retail
$847.7K
$741.7K – $989.0K
NOI $59,337 @ 7.0% cap · market cap 6.98%
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,032 @ 7.0% cap · market cap 15.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
948
Businesses Nearby
Under-served
Demand for This Use
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 Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Renovated retail/showroom and warehouse with high-clearance space, multiple loading doors, and a fully fenced parking and laydown yard.
Where is this flex space located?
The property is located at 719 N Ridgewood Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $849,999.
What are key features of this property?
This property features: Renovated 6,300 SF retail/showroom and warehouse building built in 1948; High‑clearance warehouse layout with showroom‑to‑warehouse connection via large glass folding door; Includes multiple loading/vehicle access doors: two grade‑level doors plus remote‑controlled roll‑up doors
