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    1615 Ridgewood Ave Holly Hill, FL 32117

    • Investment properties
    • 4,324 SF
    • 0.50 lot acres
    For Lease
    View listing
    $33 SF/Yr
    Value Estimation
    $745,000
    Last Sale
    Jul 06, 2021
    $580,000
    Location Intelligence
    Property ID
    US18-0665933
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Premier Pulmonary Services / Medical Clinic
    • webuyanycar.com / Used Car Dealer / Car Dealer
    • Dole Exports & Imports / Exporter
    • Stress And Anxiety Center / Mental Health Clinic
    • Carters Health Care / Health Consultant

    Property Details for 1615 Ridgewood Ave

    Year built
    1974
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.50 lot acres
    Property size
    4,324 SF
    Zone code
    B4
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    4242-20-09-0080
    APU
    424220090080

    Description

    This exceptional offering presents a rare opportunity to lease fully-equipped executive office suites in Daytona Beach, Florida. Located on high-traffic Ridgewood Avenue (US Hwy 1), this prime location ensures excellent visibility and accessibility. The property comprises two Class B buildings, totaling 9,706 square feet, constructed in 1974 and extensively renovated in 2021. Currently, approximately 1,000 square feet of space is available for lease. The suites boast 8-foot ceilings, 120V power, and modern amenities including LED lighting and surveillance systems. Leases are gross, meaning utilities are included in the monthly rent. Several turn-key options are available, featuring fresh carpet, flooring, and paint. The spaces are ideal for small businesses or individuals seeking a convenient and cost-effective workspace. Available units include: Building 1615, Unit 108 (12x12, $425/month)

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $865,000

    • CAP approach

      CAP return
      Estimation
      6%
      $645,000
      6.5%
      $600,000
      7%
      $640,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $710,000
      Geo Method
      $740,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $730,000
      Retail
      $545,000
      Mixed-Use
      $625,000
      Hospitality
      $695,000
      Educational
      $585,000
      Residential Income
      $745,000
      Energy
      $575,000
      Income-Based Land
      $735,000
      Food Service
      $715,000

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.0471
    Latitude
    29.2569
    CBSA code
    19660
    CBSA name
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,482
    $86,320
    $439,445
    $525,765
    -
    $86,320
    $439,445
    $525,765

    Comparable in this City

    • Value Estimation by Request
      640 SF

      721 Ridgewood Ave Ste, Unit 6

      STORE/OFFICE (MIXED USE) • 640 SF
      721 Ridgewood Ave Ste, Daytona Beach, FL 32117-3647
      View Details
    • Value Estimation by Request
      450 SF

      1264 8th St

      STORE/OFFICE (MIXED USE) • 450 SF
      1264 8th St, Daytona Beach, FL 32117-4009
      View Details
    • Value Estimation by Request
      22,562 SF

      1616 Concierge Blvd

      STORE/OFFICE (MIXED USE) • 22,562 SF
      1616 Concierge Blvd, Daytona Beach, FL 32117-7158
      View Details
    • Value Estimation by Request
      2,573 SF

      1500 Ridgewood Ave

      STORE/OFFICE (MIXED USE) • 2,573 SF
      1500 Ridgewood Ave, Daytona Beach, FL 32117-2220
      View Details
    • Value Estimation by Request
      16,765 SF

      112 Carswell Ave

      STORE/OFFICE (MIXED USE) • 16,765 SF
      112 Carswell Ave, Daytona Beach, FL 32117-5010
      View Details
    • Value Estimation by Request
      16,477 SF

      1811 Holsonback Dr

      STORE/OFFICE (MIXED USE) • 16,477 SF
      1811 Holsonback Dr, Daytona Beach, FL 32117-5113
      View Details

    Similar Nearby for Sale

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      Mixed-Use Property in Redevelopment Area

      Mixed-use property in Holly Hill's redevelopment zone with income potential.
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      Mixed-use property in redevelopment area with income and growth potential.
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      Versatile Holly Hill Commercial Property

      Prime location, dual-use building, $350,000
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    Similar Nearby for Lease

    • $24 SF/Yr
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      Daytona Beach Medical Office Space

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    • $10 SF/Yr
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      Versatile industrial flex space for lease.
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    • $30 SF/Yr
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      Office Center Under Construction

      New office center with units available for lease.
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    • Contact for pricing
      2,500 SF

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      Commercial property for ground lease or build-to-suit in Florida.
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    • Contact for pricing

      Daytona Beach Commercial Land Available

      Commercial land for rent with high traffic and easy access.
      1445 S Nova Rd, Daytona Beach, FL 32117
      View Details
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    1615 Ridgewood Ave
    Holly Hill, FL 32117
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    Realmo Value Estimation

    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.

    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.

    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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