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    2111 Ridgewood Ave South Daytona, FL 32119

    • Investment properties
    • 12,610 SF
    • 1.56 lot acres
    For Sale
    View listing
    $2,900,000
    Value Estimation
    Last Sale
    Jan 18, 2024
    $870,000
    Location Intelligence
    Property ID
    US18-3730596
    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

    • FedEx Drop Box / Mailing Service
    • Troy A Slayton / Financial Consultant
    • Wells Fargo Bank / Bank / Atm
    • ATM (Wells Fargo Bank) / Atm

    Property Details for 2111 Ridgewood Ave

    Year built
    1978
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.56 lot acres
    Property size
    12,610 SF
    Zone code
    BR
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    5344-16-00-0242
    APU
    534416000242

    Description

    This exceptional 12,610-square-foot former bank building presents a unique investment opportunity in South Daytona, Florida. Situated on a 2.2-acre lot, this two-story freestanding structure offers significant potential for redevelopment or adaptive reuse. The ground floor features a vestibule with elevator and stairs, a preserved vault and teller booths, and two restrooms. Plans are in place to convert the open area into five offices. The second floor comprises eleven offices, a large conference room, two restrooms, and a breakroom. Ample parking is available on-site. The expansive lot allows for the possibility of constructing an additional building. The property boasts excellent visibility and accessibility, with frontage on Ridgewood Avenue and McDonald Street, and convenient proximity to Beville Road and Dunlawton Avenue. The building is zoned BGC (Volusia County). The property's APN is 5344-16-00-0242

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $870,000

    • CAP approach

      CAP return
      Estimation
      6%
      $920,000
      6.5%
      $930,000
      7%
      $1,020,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $855,000
      Geo Method
      $815,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $835,000
      Retail
      $1,015,000
      Mixed-Use
      $895,000
      Hospitality
      $1,025,000
      Educational
      $980,000
      Residential Income
      $1,030,000
      Energy
      $1,035,000
      Income-Based Land
      $1,070,000
      Food Service
      $1,005,000

    Location Insight

    • Map
    • Local Demand
    City
    South Daytona
    County
    Volusia
    State
    Florida
    Longitude
    -81.0016
    Latitude
    29.1722
    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
    $20,971
    $237,388
    $807,364
    $1,044,752
    -
    $237,388
    $807,364
    $1,044,752

    Comparable in this City

    • Value Estimation by Request
      15,578 SF

      950 Big Tree Rd

      STORE/OFFICE (MIXED USE) • 15,578 SF
      950 Big Tree Rd, South Daytona, FL 32119-2518
      View Details
    • Value Estimation by Request
      500 SF

      2090 Nova Rd

      STORE/OFFICE (MIXED USE) • 500 SF
      2090 Nova Rd, Daytona Beach, FL 32119-8834
      View Details
    • Value Estimation by Request
      1,440 SF

      3100 Ridgewood Ave, Unit 49

      STORE/OFFICE (MIXED USE) • 1,440 SF
      3100 Ridgewood Ave, South Daytona, FL 32119-4501
      View Details
    • Value Estimation by Request
      2,400 SF

      1680 Segrave St

      STORE/OFFICE (MIXED USE) • 2,400 SF
      1680 Segrave St, South Daytona, FL 32119-2122
      View Details
    • Value Estimation by Request
      2,190 SF

      101 Sea Hawk Dr

      STORE/OFFICE (MIXED USE) • 2,190 SF
      101 Sea Hawk Dr, Daytona Beach, FL 32119-1359
      View Details
    • Value Estimation by Request
      1,000 SF

      1301 Beville Rd Ste, Unit 18

      STORE/OFFICE (MIXED USE) • 1,000 SF
      1301 Beville Rd Ste, Daytona Beach, FL 32119-1503
      View Details

    Similar Nearby for Sale

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      16-unit income-producing property, owner financing available.
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      South Daytona Commercial Land - $369K

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    • $700,000
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      South Daytona Commercial Property

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    Similar Nearby for Lease

    • $13,376 /Mo
      14,348 SF

      South Daytona Mixed-Use Commercial Building

      14,368 SF mixed-use building for lease in South Daytona.
      2040 S Ridgewood Ave, Daytona Beach, FL 32119
      View Details
    • $13 SF/Yr
      39,600 SF

      South Daytona Flex Space Available

      Versatile Flex/Warehouse Space for Lease
      933 Beville Rd, South Daytona, FL 32119
      View Details
    • $17 SF/Yr
      2,200 SF

      Big Tree Plaza Retail Space

      Prime Retail Space, US Hwy 1
      2030 Ridgewood Ave, South Daytona, FL 32119
      View Details
    • $18 SF/Yr
      1,913 SF

      South Daytona Retail Space for Lease

      Prime Retail Space, 1913 sq ft, Flexible Lease
      927 Beville Rd, South Daytona, FL 32119
      View Details
    • $12 SF/Yr

      South Daytona Warehouse Flex Space

      7,200 SF climate-controlled warehouse with office and showroom.
      2030 S Ridgewood Ave, Daytona Beach, FL 32119
      View Details
    • $5,100 /Mo
      15,171 SF

      South Daytona Office Suites For Lease

      Prime Office Space, Flexible Sizes Available
      1635 Ridgewood Ave, South Daytona, FL 32119
      View Details
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    2111 Ridgewood Ave
    South Daytona, FL 32119
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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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