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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1506 Ridgewood Ave Daytona Beach, FL 32114

    • Commercial real estate
    • 1.99 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4453756
    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 real estate

    Property Details for 1506 Ridgewood Ave

    Lot size
    1.99 lot acres
    Property type
    Commercial real estate
    APN
    5340-04-06-0030

    Description

    This exceptional 1.99-acre commercial land parcel presents a unique investment opportunity in Daytona Beach, Florida. Located at 1506 S Ridgewood Ave, Volusia County, zip code 32114 (APN 5340-04-06-0030), this property boasts a highly desirable T-4 commercial zoning designation. Previously occupied by a 9280 square foot freestanding building, the site is now cleared and ready for development. Its strategic location at the Northwest corner of Ridgewood Avenue and Beville Road offers unparalleled visibility and accessibility, situated directly adjacent to a RaceTrac gas station. The asking price for this prime commercial land is $950,000. This location provides excellent exposure to high traffic counts, making it ideal for a variety of commercial ventures. The property's size and zoning allow for a wide range of development possibilities, catering to businesses seeking a prominent presence in a thriving area of Daytona Beach. Serious inquiries are encouraged to explore the potential of this exceptional commercial land offering. The latitude and longitude coordinates are 29.1849072, -81.0094348 respectively.

    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
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.0094348
    Latitude
    29.1849072

    Comparable in this City

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    • $90,000

      Daytona Beach Mixed-Use Property

      Prime location, multi-use potential.
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    • $195,000

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      Daytona Beach Commercial Land Parcel

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    • $99,000

      Commercial Land Near Waterfront

      Vacant commercial land near waterfront and redevelopment area.
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      Daytona Beach Land Opportunity

      4.55-acre commercial land with high visibility in Daytona Beach.
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    Similar Nearby for Sale

    • $195,000

      Daytona Beach Multifamily Land Investment

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    • $90,000

      Daytona Beach Mixed-Use Property

      Prime location, multi-use potential.
      623 Ridgewood Ave, Daytona Beach, FL 32114
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    • $40,000

      Daytona Beach Commercial Land Parcel

      Cleared Lot, Prime Location, $40K
      0 Pine St, Daytona Beach, FL 32114
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    • $889,000
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      Daytona Beach Medical Office Land

      Prime 3.12-acre medical office site.
      650-700 Clyde Morris Blvd, Daytona Beach, FL 32114
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    • $939,000
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      Daytona Beach Commercial Land Parcels

      Two parcels of commercial land ready for development in Daytona.
      N Clyde Morris Blvd, Daytona Beach, FL 32114
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    • $85,000
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      Daytona Beach Redevelopment Opportunity

      Vacant land near Daytona Beach, ideal for redevelopment.
      358 Fulton St, Daytona Beach, FL 32114
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    Similar Nearby for Lease

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      Daytona Beach Commercial Land

      Easy access to major roads and Daytona attractions.
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      Commercial Land on Beville Road

      Commercial land available for rent with high traffic frontage.
      Beville Rd, Daytona Beach, FL 32114
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      40,000 SF

      Daytona Commercial Interchange Parcel Opportunities

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      Halifax Harbor Plaza: Premier Office Space

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      Daytona Beach Commercial Warehouse

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    • $0.02 SF/Yr
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      Daytona Beach Warehouse For Lease

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    Property Visit Statistics

    • Visits by month
      27.2k
    • Visitors by month
      21.3k
    • Avg Time on site
      10 min
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    1506 Ridgewood Ave
    Daytona Beach, FL 32114
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    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
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