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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Investment properties
1604 Ridgewood Ave, Edgewater, FL 32132-3612
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US19-0679774
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,880 SF
Lot
0.57 ac (25,000 SF)
APN
8402-28-01-0077
UPID
US19-0679774
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
-
Level One Sites Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Myrnix Marketing & Advertising (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$590k
CAP Approach
CAP
$545k
Comparable Approach
Comparable
$802k
Blend (final)
Blend
$585k
Owner & transaction history
Casey Family Holdings LLC · 4 yrs held
Casey Family Holdings LLC
since 2021
Last sale
$575,000
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$715,000
+40.9%
Medical building
$535,000
+5.5%
Neighborhood: shopping center
$515,000
+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
$650,000
ML approach
$590,000
CAP Approach
CAP Return
Estimation
6%
$595,000
6.5%
$545,000
7%
$510,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$510,000
Current use
AUTO REPAIR, GARAGE
$715,000
Change: +41% · Conversion: Difficult
MEDICAL BUILDING
$535,000
Change: +5% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$515,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$510,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$585k
Range $527k – $644k · ±10% · vs last sale $575k (Jun 21 2021)
Last sale anchor
$575k
Jun 21 2021
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
$203 / 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
$9,640
Tax year 2023
Assessed value
$505,961
Assessed 2023
Previous assessed
$471,307
+7.4% YoY
Effective rate
1.91%
On assessed value
Assessed land
$133,875
Assessed improvement
$372,086
Land market value
$133,875
Improvement market value
$372,086
Total market value
$505,961
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
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
3
Total area
2,880 SF
Lot
0.57 ac (25,000 SF)
APN
8402-28-01-0077
UPID
US19-0679774
Jurisdiction
VOLUSIA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$510,000
AUTO REPAIR, GARAGE
Est. value
$715,000
MEDICAL BUILDING
Est. value
$535,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$515,000
RETAIL STORES
Est. value
$510,000
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
2005
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
Casey Family Holdings LLC
Entity
Mailing address
803 OAKWOOD AVE, NEW SMYRNA BEACH, FL 32169-2720
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2021
—
Casey Family Holdings LLC
Ralph L Padgett JR
Re-recorded Document
related
—
Jun 21, 2021
$575,000
Casey Family Holdings LLC
Ralph Padgett JR
Warranty Deed
$460,000 · Ralph Padgett
—
—
Ralph L Padgett JR.
—
Deed Of Trust
related
$217,139 · Bank Of America
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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