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Property profile & analytics
FOR LEASE
Investment properties
130 N Ridgewood Ave Daytona Beach, FL 32114
Entity Owned
10-yr Hold
Free & Clear
Property ID
US18-2636577
For Lease
1 / 180
$7 SF/Yr
130 N Ridgewood Ave, Daytona Beach, FL 32114
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Property summary
AI-generated overview
This exceptional investment opportunity presents a former Wells Fargo bank branch in downtown Daytona Beach, Florida. The property, located at 130 N Ridgewood Ave, boasts a substantial 26,808 square feet of space across two stories within a single building, offering significant flexibility for various uses. The main building comprises 25,368 square feet, with 16,622 square feet on the main floor and 8,746 square feet downstairs. A separate 1,440 square foot maintenance building is also included. Built in 1964 and renovated in 2014, the property features a desirable Class B designation, high 12-foot ceilings, and is currently 50% occupied. The site encompasses 2.773 acres and provides ample parking with 152 spaces, including covered areas. Active drive-through lanes and existing vaults are valuable assets. The property is zoned RDD & M-1, allowing for diverse development options. Its prime downtown location offers easy access to Interstate highways, making it highly accessible. The space is easily divisible for multi-tenant occupancy. Asking price is $3,250,000.
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1964
Construction
CONCRETE
Total area
24,740 SF
Lot
2.77 ac (120,780 SF)
APN
5339-01-21-0030
UPID
US18-2636577
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
LA Sauer Center Atm
-
Wells Fargo Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$1.18M
Owner & transaction history
La Sauer Center LLC · 10 yrs held
La Sauer Center LLC
since 2015
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Daytona Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Daytona Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.18M
Range $1.06M – $1.29M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$47 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$10,006
Tax year 2023
Assessed value
$528,656
Assessed 2023
Previous assessed
$492,223
+7.4% YoY
Effective rate
1.89%
On assessed value
Assessed land
$226,583
Assessed improvement
$302,073
Land market value
$226,583
Improvement market value
$302,073
Total market value
$528,656
Applied tax rate
214.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Lease
Year built
1964
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
2
Stories
2
Bathrooms
9
Total area
24,740 SF
Lot
2.77 ac (120,780 SF)
APN
5339-01-21-0030
UPID
US18-2636577
Jurisdiction
VOLUSIA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1964
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
9
Lot
2.77 ac
Current owner
From public records · entity-resolved
La Sauer Center LLC
Entity
Free & Clear · 10 yrs held
Mailing address
5070 CPE COLE BLVD, PUNTA GORDA, FL 33955-3817
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2015
—
La Sauer Center LLC
Sauer,bruce M
Quit Claim Deed
—
Apr 12, 2013
$393,750
Bruce M Sauer
First States Investors Hfs LP
Grant Deed
—
Apr 14, 2008
—
First States Investors Hfs LP
First States Investors 3300 LLC
Special Warranty Deed
—
Nov 18, 2004
$1,215,056
First States Invtrs 3300 LLC
Wachovia Bank NA
Deed Of Trust
related
$219,000,000 · Lehman Brothers Bank Fsb
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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