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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Investment properties
1001 Ridgewood Ave, Edgewater, FL 32132-2332
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-0352531
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,340 SF
Lot
0.57 ac (24,985 SF)
Zoning code
B3
APN
7433-01-00-0112
UPID
US18-0352531
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Edgewater Unity (formerly unity community church) Church
-
Rebecca L. Blevins, LMHC Counselor Doctor
-
Private Investor Mortgage Loan Service Bank
-
Solar Systems Inc. Department Store
-
All rights reserved © Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$825k
Comparable Approach
Comparable
$673k
Blend (final)
Blend
$685k
Owner & transaction history
Susan Hounsom Family LP · 9 yrs held
Susan Hounsom Family LP
since 2017
6 recorded transactions
Zoning & alternative use
B3 · Edgewater, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+40.9%
Medical building
$805,000
+5.5%
Neighborhood: shopping center
$775,000
+1.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Edgewater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Edgewater submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$895,000
6.5%
$825,000
7%
$765,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$765,000
Current use
AUTO REPAIR, GARAGE
$1,080,000
Change: +41% · Conversion: Difficult
MEDICAL BUILDING
$805,000
Change: +5% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$775,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$765,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$685k
Range $617k – $754k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$158 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,300
Tax year 2023
Assessed value
$379,656
Assessed 2023
Previous assessed
$364,476
+4.2% YoY
Effective rate
1.92%
On assessed value
Assessed land
$108,310
Assessed improvement
$271,346
Land market value
$108,310
Improvement market value
$271,346
Total market value
$379,656
Applied tax rate
604.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
3
Total area
4,340 SF
Lot
0.57 ac (24,985 SF)
Zoning code
B3
APN
7433-01-00-0112
UPID
US18-0352531
Jurisdiction
VOLUSIA
Zoning & alternative use
B3 · Edgewater, FL
Zoning B3 · permitted uses
B3 · Edgewater, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Edgewater. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$765,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$805,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$775,000
RETAIL STORES
Est. value
$765,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
3
Lot
0.57 ac
Current owner
From public records · entity-resolved
Susan Hounsom Family LP
Entity
Mailing address
811 GARFISH AVE, NEW SMYRNA BEACH, FL 32169-4811
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2017
$350,000
Susan Hounsom Family LP
Pezanowski,george W & Susan R
Warranty Deed
—
May 5, 2017
$221,500
George W Pezanowski
Alexander,jeffrey S
Warranty Deed
—
Jun 10, 2016
—
Jeffrey S Alexander
—
Deed
related
$215,000 · George W & Susan R Pezanowski
Jan 11, 2003
$306,500
Jeffrey S Alexander
Davis,william K & Nancy C
Grant Deed
$240,000 · Fidelity Bank Florida
—
—
Jeffrey S Alexander
—
Deed Of Trust
related
$215,000 · George W & Susan R Pezanowski
—
—
Jeffrey S Alexander
—
Deed Of Trust
related
$325,000 · Friends Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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