Daytona Beach Retail Investment
For Sale
$1,900,000
915 Ridgewood Ave, Daytona Beach, FL 32117
Fully occupied two-tenant retail asset in Daytona Beach, Florida.
Property Size4,702 SF
Price / SF$404.08
Days on Market337
Property Features for 915 Ridgewood Ave
General Information
Standard status
Active
Size
4,702 SF
Property subtype
Shopping Neighborhood
Amenities
100% Occupied 2- Tenant Property
Lease Guaranteed by Vireo Growth Inc with 170+ Locations making it the #2 ranking of stores nationally
Located 5 miles from Daytona International Speedway home of the most prestigious race in NASCAR
Building Details
Building Size
4,702 SF
Year Built
2000
Listing Agency:
Marcus & Millichap - Fort Lauderdale
Listed By:
Alan Lipsky · License #License(s): FL: SL3279054
(954) 245-3595
Source:
Marcusmillichap
Added: Nov 25, 2025
Changed: Oct 25
Last Checked: Oct 28 at 4:47AM
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 Marcus & Millichap - Fort Lauderdale
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property presents an opportunity to acquire a fully occupied, two-tenant retail asset located in Daytona Beach, Florida. The property is currently leased to Green Dragon and Marijuana Doctor. Green Dragon operates under a 10-year lease with two 5-year options to extend. Marijuana Doctor operates under a 5-year lease with two 2-year options to extend, demonstrating commitment to the location. Both tenants' leases include rental increases throughout the initial term and each option period, generating net operating income and hedging against inflation. The property size is 4,702 square feet.
Key Highlights
- 100% occupied two‑tenant asset.
- Green Dragon operating under a 10‑year lease with options to extend.
- Marijuana Doctor operating under a 5‑year lease with options to extend.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,401
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,428,020
$1.4M
Cap Rate 7%
$1,020,014
$1.0M
Cap Rate 9%
$793,344
$793.3K
Market Conditions
NOI Build-Up for 4,702 SF
Gross rent
$103.3K $21.96/SF
− Vacancy
−$8.1K −$1.71/SF
EGI
$95.2K $20.25/SF
− OpEx
−$23.8K −$5.06/SF
NOI
$71.4K $15.19/SF
Area
Volusia County, FL
Vacancy
7.80%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,428,020
Cap Rate 7%
$1,020,014
Cap Rate 9%
$793,344
Alternative Uses
Best Use
Specialty Retail
$1.02M
$892.5K – $1.19M
NOI $71,401 @ 7.0% cap · market cap 3.76%
Second Best
Retail
$632.7K
$553.6K – $738.1K
NOI $44,286 @ 7.0% cap · market cap 2.33%
Theoretical Best
Office A
$1.39M
$1.21M – $1.62M
NOI $97,049 @ 7.0% cap · market cap 5.11%
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
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
737
Businesses Nearby
8k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
8,206 visits/mo
0.3 miles
Demographics for 32117, FL
28,223
Population
14,392
Households
2
Avg Household Size
43
Median Age
21%
College-Educated
90%
High-School Grad
12.0 sq mi
ZIP Area
2,352
Density / Sq Mi
$52,132
Median Household Income
$32,189
Median Earnings
$1,392
Median Rent
$175,500
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 Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Fully occupied two-tenant retail asset in Daytona Beach, Florida.
Where is this retail space located?
The property is located at 915 Ridgewood Ave Daytona Beach, FL.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 100% occupied two‑tenant asset.; Green Dragon operating under a 10‑year lease with options to extend.; Marijuana Doctor operating under a 5‑year lease with options to extend.
