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    Commercial Property with Restaurant Building Title is generated by Realmo AI

    841 RIDGEWOOD AVENUE, Daytona Beach, FL 32117

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    For Sale
    $1,190,000

    Commercial property with a 4,550 SF building and ample parking.

    Type:Commercial/Industrial
    Property size:
    4,550 SF
    Lot size:
    1.44 Acres
    Price / SF:
    $261/SF
    Added:
    Jan 7, 2025
    Days on Market:
    548
    Last Refresh:
    Jun 29 at 2:35 am

    Property Features for 841 RIDGEWOOD AVENUE

    General Information

    Standard status
    Active
    Size
    4,550 SF
    Lot size
    1.44 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1979

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    Qi Mai Mai

    Listing office CENTURY 21 COASTAL ALLIANCE

    Listing date Jan 7, 2025

    Source Exitrealty

    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 CENTURY 21 COASTAL ALLIANCE

    HighLights

    • Over an acre of commercial property in a high‑growth area
    • Existing 4550 square foot building
    • 70 parking spaces
    • Currently operating as a breakfast restaurant
    • City water and sewer
    • Natural gas available

    Overview

    This commercial property features a 4,550 square foot building situated on over an acre of land. The site includes 70 parking spaces. City water and sewer services are available, and natural gas is also accessible. The property is located in an area experiencing high growth and is currently operating as a breakfast restaurant. The existing building is suitable for continued use as a restaurant or could be adapted for other commercial purposes.

    Local Financial Insights For Specialty Retail

    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 $99.9k $21.96
    − Vacancy −$7.8k −$1.71
    EGI $92.1k $20.25
    − OpEx −$23.0k −$5.06
    NOI $69.1k $15.19
    4,550 SF · lease $21.96/SF/yr · vacancy 7.80% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $987.0K
    $863.7K – $1.15M (±1% cap)
    NOI $69,093 @ 7.0% cap · market cap 5.81%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.34M
    $1.17M – $1.57M (±1% cap)
    NOI $93,912 @ 7.0% cap · market cap 7.89%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Simply Gina's Restaurant

    Suggested Use

    Pharmacy HVAC Service Nail Salon Big Box & Wholesale Store Barber Shop Kitchen & Bath Showroom Auto Parts Store Hair Salon Storage Facility (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • The Driftwood House — 1008 S Palmetto Ave, Daytona Beach, FL 32114
    • Ms. Maggie's South Country Inn — 544 S Palmetto Ave, Daytona Beach, FL 32114

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.0385634
    Latitude
    29.2407894

    FAQs

    What type of property is this?
    Breakfast & diner - Commercial property with a 4,550 SF building and ample parking.
    Where is this breakfast & diner located?
    The property is located at 841 RIDGEWOOD AVENUE Daytona Beach, FL.
    What is the asking price?
    The asking price for this property is $1,190,000.
    What are key features of this property?
    This property features: Over an acre of commercial property in a high‑growth area; Existing 4550 square foot building; 70 parking spaces
    More about this property
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