Historic Multifamily
New
For Sale
$1,500,000
934 S Ridgewood Avenue, Daytona Beach, FL 32114
Commercial Sale, Daytona Beach, FL
Property Size9,012 SF
Lot Size1.02 Acres
Price / SF$166.44
Days on Market1
Property Features for 934 S Ridgewood Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
25
Full bathrooms
25
Rooms
Bathroom 13, Bathroom 6, Bathroom 20, Bathroom 10, Bathroom 11, Bathroom 8, Bathroom 7, Bathroom 9, Bathroom 22, Bathroom 2, Bathroom 12, Bathroom 18, Bathroom 4, Bathroom 16, Bathroom 14, Bathroom 21, Bathroom 23, Bathroom 3, Bathroom 5, Bathroom 1, Bathroom 25, Bathroom 19, Bathroom 24, Bathroom 17, Bathroom 15
Parking features
Covered
Subdivision
Bellevue Business Park
Directions
From International Speedway Blvd turn R onto S Ridgewood Ave.
Standard status
Active
APN
5339-03-68-0040
Size
9,012 SF
Lot size
1.02 Acres
Taxes and HOA fees
Tax Description
39-15-33 LOT 4 BLK 68 HIGBEES ADD TO DAYTONA DB L PG 704 MB 12 PG 98 PER OR 4108 PGS 3467-3468 PER OR 5665 PG 2529 PER OR 8126 PG 3541 PER OR 8308 PG 2360
Legal Description
39-15-33 LOT 4 BLK 68 HIGBEES ADD TO DAYTONA DB L PG 704 MB 12 PG 98 PER OR 4108 PGS 3467-3468 PER OR 5665 PG 2529 PER OR 8126 PG 3541 PER OR 8308 PG 2360
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Energy Star Qualified Equipment (Heating)
Cooling system
Multi Units
Water source
Public
Building Details
Year built
1910
Floors in Building
3
Flooring type
Laminate
Building materials
Block, Brick, Stucco
Listing Agency:
Adams, Cameron & Co., Realtors
(386) 673-2100
Listed By:
David Hart
(770) 789-2483
Added: Oct 23
Last Checked: Oct 23 at 1:06PM
MLS# 1232056
Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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.
Dating to 1910, this multifamily property contains 9,012 square feet on 1.02 acres. Its 25 bedrooms include many with private baths, and the building also has five independent apartments. Recent capital improvements include the roof, windows, electrical and plumbing systems, and HVAC. Block, brick and stucco are among the construction materials; the property also has central heating, multiple cooling units, covered parking, public water and public sewer.
The property fronts Ridgewood Avenue in Daytona Beach, with the beach described as minutes away. The combination of bedroom accommodations and separate apartments supports several residential operating formats, including shared housing, short-term rental and conventional multifamily leasing, as identified for the property.
The property fronts Ridgewood Avenue in Daytona Beach, with the beach described as minutes away. The combination of bedroom accommodations and separate apartments supports several residential operating formats, including shared housing, short-term rental and conventional multifamily leasing, as identified for the property.
Key Highlights
- 9,012‑square‑foot multifamily property on 1.02 acres
- 25 bedrooms, many with private baths
- Five separate apartments within the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,672
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,373,440
$1.4M
Cap Rate 7%
$981,029
$981.0K
Cap Rate 9%
$763,022
$763.0K
Market Conditions
NOI Build-Up for 9,012 SF
Gross rent
$139.5K $15.48/SF
− Vacancy
−$14.6K −$1.63/SF
EGI
$124.9K $13.85/SF
− OpEx
−$56.2K −$6.23/SF
NOI
$68.7K $7.62/SF
Area
Volusia County, FL
Vacancy
10.50%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,373,440
Cap Rate 7%
$981,029
Cap Rate 9%
$763,022
Alternative Uses
Best Use
Apartment 5plus
$981.0K
$858.4K – $1.14M
NOI $68,672 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.66M
$2.33M – $3.10M
NOI $186,008 @ 7.0% cap · market cap 12.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
5
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
553
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - The layout combines private-bath bedrooms with five self-contained apartments for a range of residential leasing approaches.
Where is this multifamily property located?
The property is located at 934 S Ridgewood Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 9,012‑square‑foot multifamily property on 1.02 acres; 25 bedrooms, many with private baths; Five separate apartments within the property
