Apartment
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 Market163
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 21, Bathroom 19, Bathroom 12, Bathroom 15, Bathroom 25, Bathroom 23, Bathroom 3, Bathroom 2, Bathroom 22, Bathroom 1, Bathroom 8, Bathroom 13, Bathroom 9, Bathroom 17, Bathroom 5, Bathroom 7, Bathroom 6, Bathroom 10, Bathroom 14, Bathroom 24, Bathroom 16, Bathroom 18, Bathroom 20, Bathroom 11, Bathroom 4
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 Year
2025
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
Tax Annual Amount
15100
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
Energy Star Qualified Equipment (Heating), Central
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: Apr 29
Changed: Oct 5
Last Checked: Oct 8 at 9:06PM
MLS# 1225812
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.
Investment Insights
Based on property information with market context.
Dating to 1910, this apartment property contains approximately 9,012 square feet on 1.02 acres. Its layout includes 25 bedrooms, many with private bathrooms, alongside five fully independent apartments. Reported capital improvements include the roof, windows, electrical, plumbing, and HVAC systems. The building has block, brick, and stucco construction, laminate flooring, central heating, multiple cooling units, and covered parking.
The property fronts Ridgewood Avenue in Daytona Beach. Public water and sewer serve the site, and cable is available. The stated layout supports consideration of co-living, workforce housing, short-term rentals, or conventional multifamily leasing.
The property fronts Ridgewood Avenue in Daytona Beach. Public water and sewer serve the site, and cable is available. The stated layout supports consideration of co-living, workforce housing, short-term rentals, or conventional multifamily leasing.
Key Highlights
- 9,012 square feet on a 1.02‑acre site
- 25 bedrooms, many with private bathrooms
- Five fully independent apartments
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.
Property Analytics
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Current Use
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - The property combines bedroom accommodations with five separate apartments and reports extensive building-system upgrades.
Where is this apartment building 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 feet on a 1.02‑acre site; 25 bedrooms, many with private bathrooms; Five fully independent apartments
