Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1130 Ridgewood Ave Daytona Beach, FL 32114-6110

    • Turn key restaurants
    • 6,050 SF
    • 0.92 lot acres
    OFF-MARKET
    Last Sale
    Apr 02, 2024
    $750,000
    Value Estimations
    $560,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2899334
    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

    • Euphoria Bar and Grill / Restaurant
    • Drifters Route 1 / Bar & Pub / Restaurant
    • Lumberjack Abe's Tree Care Co / Landscaping / General Contractor

    Property Details for 1130 Ridgewood Ave

    Year built
    1959
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.92 lot acres
    Property size
    6,050 SF
    Zone code
    T2
    Property type
    Turn key restaurants
    APN
    5340-05-03-0071
    APU
    534005030071

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $542,000
      Market price range: $543k - $2.19M
      AI Estimate
      $495,000
      Market price range: $496k - $1.40M

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

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.0128
    Latitude
    29.1911
    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
    $5,058
    $140,945
    $141,194
    $282,139
    -
    $140,945
    $141,194
    $282,139

    Comparable in this City

    • Value Estimation
      $1,230,000
      5,279 SF

      1700 International Speedway Blvd

      RESTAURANT • 5,279 SF
      1700 International Speedway Blvd, Daytona Beach, FL 32114-1387
      View Details
    • Value Estimation by Request
      2,084 SF

      837 Dr Mary Mcleod Bethune Blvd

      RESTAURANT • 2,084 SF
      837 Dr Mary Mcleod Bethune Blvd, Daytona Beach, FL 32114-3068
      View Details
    • Value Estimation
      $965,000
      4,550 SF

      2100 International Speedway Blvd

      RESTAURANT • 4,550 SF
      2100 International Speedway Blvd, Daytona Beach, FL 32114-1219
      View Details
    • Value Estimation
      $11,145,000
      11,686 SF

      2298 International Speedway Blvd

      RESTAURANT • 11,686 SF
      2298 International Speedway Blvd, Daytona Beach, FL 32114-1124
      View Details
    • Value Estimation by Request
      1,060 SF

      112 Bay St

      RESTAURANT • 1,060 SF
      112 Bay St, Daytona Beach, FL 32114-3234
      View Details
    • Value Estimation by Request
      460 SF

      458 Dr Martin Luther King Jr Blvd

      RESTAURANT • 460 SF
      458 Dr Martin Luther King Jr Blvd, Daytona Beach, FL 32114-4857
      View Details

    Similar Nearby for Sale

    • $599,000
      3,100 SF

      214 N Beach Street

      Bars & Pubs • 3,100 SF
      214 Beach St, Daytona Beach, FL 32114
      View Details
    • $650,000
      7,200 SF

      Daytona Beach Mixed-Use Investment

      Prime location, 7,200 SF, three units.
      601 Bellevue Ave, Daytona Beach, FL 32114
      View Details
    • Contact for pricing
      3,800 SF

      Daytona Beach Commercial Opportunity

      High-traffic location, 3,800 SF storefront
      909 W International Speedway Blvd, Daytona Beach, FL 32114
      View Details
    • $399,000

      Prime Commercial Land Opportunity

      High-visibility land suitable for office, retail, or restaurant.
      825 N Ridgewood Ave, Daytona Beach, FL 32114
      View Details
    • $380,000
      1,519 SF

      Daytona Beach Mixed-Use Property

      1,519 sq ft, Multi-Use Investment Opportunity
      1604 Illinois St, Daytona Beach, FL 32114
      View Details
    • Contact for pricing
      3,460 SF

      Beach Street Commercial Building For Sale

      Prime Daytona Beach Commercial Property
      240 S Beach St, Daytona Beach, FL 32114
      View Details

    Similar Nearby for Lease

    • $4,449 /Mo
      2,214 SF

      Daytona Beach Restaurant Opportunity

      Second generation restaurant space available for lease in Daytona Beach.
      747 W Intl Speedway Blvd, Daytona Beach, FL 32114
      View Details
    • Contact for pricing
      1,533 SF

      Daytona Beach Retail Space Available

      Retail and restaurant spaces available in new shopping center.
      1587 N Williamson Blvd, Daytona Beach, FL 32114
      View Details
    • $3,500 /Mo
      350 SF

      Restaurant Space on Beach Approach

      Restaurant space for lease with patio directly on the beach.
      817-825 E International Speedway Blvd, Daytona Beach, FL 32114
      View Details
    • Contact for pricing
      1,685 SF

      Regional Power Center Space Available

      Retail, restaurant, and office spaces for lease in Port Orange.
      5543 S Williamson Blvd, Port Orange, FL 32114
      View Details
    • Contact for pricing

      Retail Space Near Daytona Speedway

      Prime Daytona location, 5 suites available
      2200 W International Speedway Blvd, Daytona Beach, FL 32114
      View Details
    • Contact for pricing
      1,177 SF

      Regional Power Center Retail Space

      Retail, restaurant, and office spaces available in regional power center.
      5527 S Williamson Blvd, Port Orange, FL 32114
      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.
    1130 Ridgewood Ave
    Daytona Beach, FL 32114-6110
    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.
    Sign Up Successful!
    You now have access to more from Realmo!