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Property profile & analytics
OFF-MARKET
Estimated value
$1,120,000
Grocery and convenience stores
120 Ridgewood Ave Daytona Beach, FL 32114-4316
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US19-0222665
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2017
Construction
STEEL FRAME
Total area
6,062 SF
Lot
2.26 ac (98,496 SF)
Zoning code
BR2
APN
5339-01-20-0040
UPID
US19-0222665
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
-
Wawa Gas Station
-
PNC ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.42M
Comparable Approach
Comparable
$1.53M
Blend (final)
Blend
$1.12M
Owner & transaction history
Suburban Square LLC · 8 yrs held
Suburban Square LLC
since 2017
7 recorded transactions
Zoning & alternative use
BR2 · Daytona Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.8M
+40.3%
Auto repair, garage
$1.5M
+17.1%
Restaurant
$1.3M
+1.2%
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 Daytona Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Daytona Beach 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%
$1,535,000
6.5%
$1,415,000
7%
$1,315,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,285,000
Current use
WAREHOUSE, STORAGE
$1,805,000
Change: +40% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,505,000
Change: +17% · Conversion: Difficult
RESTAURANT
$1,300,000
Change: +1% · Conversion: Difficult
MEDICAL BUILDING
$1,185,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$1.12M
Range $1.01M – $1.23M · ±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
$185 / 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
$39,267
Tax year 2023
Assessed value
$2,074,577
Assessed 2023
Previous assessed
$1,899,695
+9.2% YoY
Effective rate
1.89%
On assessed value
Assessed land
$797,818
Assessed improvement
$1,276,759
Land market value
$797,818
Improvement market value
$1,276,759
Total market value
$2,074,577
Applied tax rate
214.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2017
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
10
Total area
6,062 SF
Lot
2.26 ac (98,496 SF)
Zoning code
BR2
APN
5339-01-20-0040
UPID
US19-0222665
Jurisdiction
VOLUSIA
Zoning & alternative use
BR2 · Daytona Beach, FL
Zoning BR2 · permitted uses
BR2 · Daytona Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Daytona Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.5M
RESTAURANT
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER Current
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
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
2017
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
10
Lot
2.26 ac
Current owner
From public records · entity-resolved
Suburban Square LLC
Entity
Mailing address
228 PIERSON AVEA, EDISON, NJ 08837-3122
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2017
—
Suburban Square LLC
—
Deed
related
$230,000 · Columbia Bank
Dec 27, 2017
$4,125,000
Suburban Square LLC
2016 Seagrave Daytona LLC
Grant Deed
—
Sep 6, 2016
—
2016 Seagrave Deaytona LLC
—
Deed
related
$2,500,000 · Whitney Bank
Sep 2, 2016
$800,000
2016 Seagrave Daytona LLC
Suntrust Bk
Grant Deed
—
Mar 31, 2008
—
Suntrust Bank
Stflorida Portfolio V LLC
Quit Claim Deed
related
—
Feb 5, 2008
—
Stflorida Portfolio V LLC
Suntrust Bank
Grant Deed
related
—
Dec 3, 2003
$910,000
Iafw At The Speedway Ltd
Suntrust Bank Georgia
Grant Deed
$4,500,000 · Wachovia Bank NA
Jun 13, 2001
$71,900
Bradley D Wiles
Suntrust Bank NA
Grant Deed
$61,115 · Suntrust Bank NA
Apr 17, 1997
$61,000
Lynne M Turner
Mixell,llonald E & Vikki L
Grant Deed
$57,950 · Suntrust Bank East Central Fl
—
—
Walter E Hanson
—
Deed Of Trust
related
$60,000 · Suntrust Bank East Central Fl
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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