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    917 Ridgewood Us 1 Edgewater, FL 32132

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    917 Ridgewood Us 1 Edgewater, FL 32132

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    • Retail properties & Spaces
    • 2,043 SF
    • 0.52 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 917 Ridgewood Us 1

    Year built
    1950
    Lot size
    0.52 lot acres
    Property size
    2,043 SF
    Property type
    Retail properties & Spaces

    Description

    WHICH ALLOWS FOR MANY USES SUCH AS AUTO\/BOAT DEALERSHIPS

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Edgewater
    County
    Volusia
    State
    Florida
    Longitude
    -80.9027
    Latitude
    28.9841

    Comparable in this City

    • Value Estimation
      $1,615,000
      11,160 SF

      411 Timaquan Trl

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 11,160 SF
      411 Timaquan Trl, Edgewater, FL 32132-2167
      View Details
    • Value Estimation by Request
      1,592 SF

      108 Park Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,592 SF
      108 Park Ave, Edgewater, FL 32132-1710
      View Details
    • Value Estimation by Request
      2,400 SF

      1818 Fern Palm Dr

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,400 SF
      1818 Fern Palm Dr, Edgewater, FL 32132-3531
      View Details
    • Value Estimation by Request
      8,942 SF

      821 Park Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 8,942 SF
      821 Park Ave, Edgewater, FL 32132-1401
      View Details
    • Value Estimation
      $585,000
      5,902 SF

      118 Ridgewood Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 5,902 SF
      118 Ridgewood Ave, Edgewater, FL 32132-1721
      View Details
    • Value Estimation by Request
      5,000 SF

      220 Mango Tree Dr

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 5,000 SF
      220 Mango Tree Dr, Edgewater, FL 32132-2000
      View Details

    Similar Nearby for Sale

    • $1,350,000
      7,435 SF

      Prime Commercial Land Assemblage

      1.53 acres with 264 ft frontage on US1.
      1092 S Ridgewood Ave, Edgewater, FL 32132
      View Details
    • Contact for pricing

      Commercial Assemblage on US1 Frontage

      1.53 acres with 264 ft frontage on US1.
      1092 S Ridgewood Ave, Edgewater, FL 32132
      View Details
    • Contact for pricing

      Industrial Property with Warehouse Space

      Light industrial property with warehouse, offices, and expansion potential.
      301/191 Mango Tree Dr, Edgewater, FL 32132
      View Details
    • Contact for pricing
      4,887 SF

      Retail Investment Property in Edgewater

      100% occupied retail property with long-term leases and rental increases.
      1308 S Ridgewood Ave, Edgewater, FL 32132
      View Details
    • $1,450,000

      Edgewater Commercial Land - $1.45M

      Prime 23.75-acre commercial land in Edgewater, FL.
      0 Indian River Blvd, Edgewater, FL 32132
      View Details
    • $1,300,000

      Edgewater Development Site Opportunity Zone

      13.5+/- acre development site in Edgewater, Florida.
      N Ridgewood Ave & Pearl St, Edgewater, FL 32132
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Outside Storage Land Available

      6.25 acres of improved, fenced, and paved industrial land.
      421 Timaquan Trl, Edgewater, FL 32132
      View Details
    • New
      $2,500 /Mo
      800 SF

      Versatile Office/Warehouse Space Available

      1600 SF office/warehouse combo in Edgewater, minutes from I-95.
      702 W Park Ave, Edgewater, FL 32132
      View Details
    • Contact for pricing

      Office Unit with Kitchen

      450 SF office unit with included utilities and amenities.
      1814 Fern Palm Dr, Edgewater, FL 32132
      View Details
    • Contact for pricing

      Industrial Space in Volusia County

      Manufacturing and warehouse facilities in established industrial park.
      302 Parktowne Blvd, Edgewater, FL 32132
      View Details
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    917 Ridgewood Us 1
    Edgewater, FL 32132
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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