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Property profile & analytics

433 Ridgewood Ave Edgewater, FL 32132

  • Specialty properties
  • 2,883 SF
  • 0.32 lot acres
Value Estimation
Last Sale
Oct 22, 2024
$400,000
Location Intelligence
Property ID
US18-4800913
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

  • Dudley Crematory / Funeral Home

Property Details for 433 Ridgewood Ave

Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.32 lot acres
Property size
2,883 SF
Zone code
B3
Property type
Specialty properties
APN
7450-08-02-0010
APU
745008020010

Description

This exceptional commercial property, located at 433 N Ridgewood Avenue in Edgewater, Florida, presents a unique investment opportunity. The property encompasses a substantial 0.31-acre lot and features two separate buildings, offering significant versatility. The main building, boasting over 2800 square feet, was previously utilized as a funeral home. However, its spacious layout and B3 zoning allow for a wide range of alternative commercial uses, making it ideal for entrepreneurs seeking a flexible space. The possibilities are numerous, from retail and office spaces to specialized services. The second building, a detached structure, offers additional space previously used as living quarters and more recently as storage. This secondary building provides ample potential for expansion, additional storage, or even conversion to a complementary business use. The property's prime location in Edgewater, Florida, adds to its appeal, offering easy access to local amenities and transportation routes. With its substantial size, flexible zoning, and multiple building options, this property is poised for significant return on investment. The total square footage across both buildings is 3520 square feet. This is a rare opportunity to acquire a versatile commercial property with substantial potential in a desirable location. Serious inquiries are encouraged.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $400,000
  • CAP approach

    CAP return
    Estimation
    6%
    $355,000
    6.5%
    $350,000
    7%
    $395,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $370,000
    Geo Method
    $380,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $415,000
    Retail
    $420,000
    Mixed-Use
    $365,000
    Hospitality
    $455,000
    Educational
    $365,000
    Residential Income
    $335,000
    Energy
    $450,000
    Income-Based Land
    $455,000
    Food Service
    $435,000

Location Insight

  • Map
  • Local Demand
City
Edgewater
County
Volusia
State
Florida
Longitude
-80.9123
Latitude
29.0017
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
$5,653
$94,380
$197,979
$292,359
-
$94,380
$197,979
$292,359
More about this property
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