Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1600 Ridgewood Ave Daytona Beach, FL 32117-1734
    Property profile & analytics

    1600 Ridgewood Ave, Daytona Beach, FL 32117-1734

    View on Map
    • Banks
    • 4,513 SF
    • 1.17 lot acres
    Off-Market
    Property ID
    US18-5171155
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Wells Fargo Bank / Atm / Bank
    • Wells Fargo ATM / Atm
    • Cash4harleyparts.com / Auto Parts Store / Motorcycle Shop

    Property Details for 1600 Ridgewood Ave

    Year built
    1963
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.17 lot acres
    Zone code
    B4
    Property type
    Banks
    APN
    4242-20-10-0010
    APU
    424220100010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 15, 2020 — State Of Florida Dept Of Transpor Fargo Bk NA Wells Grant Deed · related —

    Description

    This exceptional 0.65-acre commercial land parcel presents a remarkable investment opportunity in Daytona Beach, Florida. Situated on a high-traffic hard corner at 1600 S Ridgewood Ave, this property boasts unparalleled visibility and accessibility. The BGC (Business General Commercial) zoning allows for a diverse range of commercial uses, making it ideal for a variety of businesses. While located within a Community Redevelopment Area (CRA), there are some restrictions on automotive-related businesses. This prime location offers significant advantages, with proximity to key attractions and amenities. Directly across from the Daytona Beach Golf Club and a Racetrac gas station, this property benefits from high daily traffic volume. Furthermore, its location just two miles from Embry-Riddle Aeronautical University, Daytona Beach International Airport, and Daytona International Speedway ensures consistent exposure to a large and diverse customer base. The asking price for this exceptional property is $575,000. This is a rare opportunity to acquire a strategically located commercial lot with significant development potential in a thriving Florida market. The property's high visibility and convenient location make it an attractive investment for both established businesses and new ventures. Don't miss this chance to secure a prime piece of Daytona Beach real estate. The address is 1600 S Ridgewood Ave, Daytona Beach, FL 32119, Volusia County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.0475
    Latitude
    29.2556
    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
    $10,662
    $212,316
    $284,347
    $496,663
    -
    $212,316
    $284,347
    $496,663

    Comparable in this City

    • Value Estimation by Request
      5,014 SF

      105 Grand Preserve Way

      FINANCIAL BUILDING
      105 Grand Preserve Way, Daytona Beach, FL 32117-7213
      View Details
    • Value Estimation by Request
      8,747 SF

      828 White St

      FINANCIAL BUILDING
      828 White St, Daytona Beach, FL 32117-4620
      View Details
    • Value Estimation
      $570,000
      8,574 SF

      2140 Lpga Blvd

      FINANCIAL BUILDING
      2140 Lpga Blvd, Daytona Beach, FL 32117-7139
      View Details
    • Value Estimation by Request
      3,081 SF

      1599 Nova Rd

      FINANCIAL BUILDING
      1599 Nova Rd, Daytona Beach, FL 32117-3048
      View Details
    • Value Estimation
      $560,000
      9,800 SF

      1696 Clyde Morris Blvd

      FINANCIAL BUILDING
      1696 Clyde Morris Blvd, Daytona Beach, FL 32117-5525
      View Details
    • Value Estimation by Request
      4,002 SF

      1684 Ridgewood Ave

      RETAIL STORES (PERSONAL SERVICES)
      1684 Ridgewood Ave, Daytona Beach, FL 32117-1734
      View Details

    Similar Nearby for Sale

    • $1,237,650

      LPGA Boulevard Corridor Office Pads

      Office/Retail building pads for sale with completed utilities and parking.
      107 Grand Preserve Way, Daytona Beach, FL 32117
      View Details
    • $895,000
      Pending

      Daytona Beach Commercial Building

      6,880 SF building with retail, office, and warehouse space.
      806 Mason Ave, Daytona Beach, FL 32117
      View Details
    • $599,000
      3,174 SF

      Commercial Property with Catering Kitchen

      Versatile commercial property with two buildings and catering kitchen.
      258 Riverside Dr, Holly Hill, FL 32117
      View Details
    • Contact for pricing
      4,702 SF

      Daytona Beach Retail Investment Opportunity

      Fully occupied two-tenant retail asset in Daytona Beach, Florida.
      915 Ridgewood Ave, Daytona Beach, FL 32117
      View Details
    • Contact for pricing

      Established Lawn & Garden Business

      Profitable lawn and garden equipment sales and service business for sale.
      Ridgewood Ave, Daytona Beach, FL 32117
      View Details
    • $420,000
      2,164 SF

      Daytona Beach Commercial Building Opportunity

      Commercial building with yard space and multiple office/retail possibilities.
      116 Center St, Daytona Beach, FL 32117
      View Details

    Similar Nearby for Lease

    • $10,179 /Mo
      35,971 SF

      Holly Hill Showroom with Warehouse

      8500 SF showroom/warehouse with truck access in Holly Hill.
      1027 N Nova Rd, Holly Hill, FL 32117
      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 32117
      View Details
    • Contact for pricing
      3,870 SF

      Daytona Beach Retail Space Available

      Retail space in high-visibility corridor, Daytona Beach, FL.
      808-896 N Nova Rd, Daytona Beach, FL 32117
      View Details
    • $12 SF/Yr
      1,125 SF

      Holly Hill Retail/Office/Medical Space

      Highly visible retail, office, or medical space for lease.
      701 Ridgewood Ave, Holly Hill, FL 32117
      View Details
    • $2,650 /Mo
      2,362 SF

      Daytona Beach Commercial Space For Rent

      Versatile commercial space in growing district with river views.
      923 N Beach St, Daytona Beach, FL 32117
      View Details
    • Contact for pricing

      Retail/Office Space in Daytona Beach

      New retail/office strip center in a high-growth area.
      1857 Strickland Range Rd, Daytona Beach, FL 32117
      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.
    1600 Ridgewood Ave
    Daytona Beach, FL 32117-1734
    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

    Thank You for Inquiry
    1600 Ridgewood Ave, Daytona Beach, FL, 32117
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!