Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    2771 Ridgewood Ave Edgewater, FL 32141

    • Commercial land
    • 1.84 lot acres
    For Sale
    View listing
    $539,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0025712
    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

    • Commercial land

    Property Details for 2771 Ridgewood Ave

    Lot size
    1.84 lot acres
    Zone code
    B3
    Property type
    Commercial land
    APN
    8401-01-00-0001
    APU
    840101000001

    Description

    This exceptional 93,654 square foot commercial land parcel presents a remarkable investment opportunity in the thriving Edgewater, Florida market. Boasting over 345 feet of frontage on busy US Highway 1/Ridgewood Avenue, this 2.15-acre lot enjoys unparalleled visibility and accessibility. Situated in a rapidly expanding area with hundreds of new homes under development, the property benefits from high traffic counts and proximity to established businesses. Directly across from Dollar General and Launch Credit Union, and adjacent to the Edgewater Landing community, this location offers immediate access to a substantial customer base. Further enhancing its appeal are newly installed sidewalks and a bike path, promoting pedestrian and cyclist traffic. The property's strategic location also places it within easy reach of Walgreens, Publix, Winn-Dixie, various banks and credit unions, fast-food restaurants like Burger King and Chick-fil-A, other retail outlets, and a new Aldi grocery store currently under construction. Zoned B-3 with future land use designated as commercial, this versatile property offers a wide range of potential uses (see permitted uses attachment). The seller is offering attractive financing options, including a first mortgage with generous terms. This prime location and development potential make this an exceptional opportunity for savvy investors.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Edgewater
    County
    Volusia
    State
    Florida
    Longitude
    -80.8843
    Latitude
    28.9516
    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
    $3,140
    $176,000
    $0.00
    $176,000
    -
    $176,000
    $0.00
    $176,000

    Comparable in this City

    • Value Estimation by Request
      0.18 Acres

      3675 Us Hwy 1st 1

      VACANT COMMERCIAL LAND • 0.18 Acres
      3675 Us Hwy 1st 1, Edgewater, FL 32141-7232
      View Details
    • Value Estimation by Request
      0.60 Acres

      Edgewater, FL 32141

      VACANT COMMERCIAL LAND • 0.60 Acres
      Edgewater, FL 32141
      View Details
    • Value Estimation by Request
      0.60 Acres

      4675 Us Hwy 1st 1

      VACANT COMMERCIAL LAND • 0.60 Acres
      4675 Us Hwy 1st 1, Edgewater, FL 32141-7352
      View Details
    • Value Estimation by Request
      0.25 Acres

      200 Falcon Ave

      VACANT COMMERCIAL LAND • 0.25 Acres
      200 Falcon Ave, Edgewater, FL 32141-4196
      View Details
    • Value Estimation by Request
      0.20 Acres

      Guava Dr

      VACANT COMMERCIAL LAND • 0.20 Acres
      Guava Dr, Edgewater, FL 32141
      View Details
    • Value Estimation by Request
      0.10 Acres

      Guava Dr

      VACANT COMMERCIAL LAND • 0.10 Acres
      Guava Dr, Edgewater, FL 32141
      View Details

    Similar Nearby for Sale

    • $3,000,000

      Commercial Development Site on US 1

      14.5 AC mixed-use site with 1,000 feet frontage.
      2431 S Ridgewood Ave, Edgewater, FL 32141
      View Details
    • $3,300,000

      44.2 Acres Development Opportunity Edgewater

      44.2-acre PUD with approval for 109 residential units.
      4220 S Ridgewood Ave, Edgewater, FL 32141
      View Details
    • $9,360,000
      96 SF

      96 Acres Development Opportunity

      96 acres with commercial and multifamily development potential.
      3338 West Indian River Blvd, Edgewater, FL 32141
      View Details
    • $154,900

      Volusia County Commercial Land Opportunity

      Strategically located commercial land in Volusia County, near New Smyrna Beach.
      3493 S Ridgewood Ave, Edgewater, FL 32141
      View Details
    • $165,000

      Commercial Land Available

      Commercial land for sale in Edgewater, Florida.
      2417 Guava Dr, Edgewater, FL 32141
      View Details
    • $235,000

      Commercial Land Ready to Build

      1.38 acres of commercially zoned land ready for development.
      2503 S Ridgewood Ave, Edgewater, FL 32141
      View Details

    Similar Nearby for Lease

    • $18,000 /Mo

      Office Space For Rent

      Office space available for rent. Contact for specific needs.
      2111 S Ridgewood Ave, Edgewater, FL 32141
      View Details
    • $12,000 /Mo
      8,391 SF

      Turnkey Restaurant Opportunity in Edgewater

      Turnkey restaurant for lease on US Highway 1 in Edgewater.
      4170 Us Highway 1, Edgewater, FL 32141
      View Details
    • $5,000 /Mo
      29,260 SF

      Retail Space in Growing Edgewater

      Retail space available in a vibrant neighborhood center.
      2311 S Ridgewood Ave, Edgewater, FL 32141
      View Details
    • $5,400 /Mo

      Warehouse Units with Utilities Included

      Warehouse units featuring walk-through, garage door, sink, and toilet.
      2504 Hibiscus Dr, Edgewater, FL 32141
      View Details
    • $12 SF/Yr
      34,695 SF

      Edgewater Retail/Warehouse Flex Space

      9,200 SF retail/warehouse space in a rapidly growing corridor.
      3042 S Ridgewood Ave, Edgewater, FL 32141
      View Details
    • Contact for pricing
      13,500 SF

      Retail Space in Edgewater Commons

      Retail space available in busy Edgewater shopping center.
      2962-2986 S Ridgewood Ave, Edgewater, FL 32141
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2771 Ridgewood Ave
    Edgewater, FL 32141
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.