1615 E Ridgewood Ave Holly Hill, FL 32117
Investment properties
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1615 E Ridgewood Ave, Holly Hill, FL 32117
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Estimated value (blended)
$865k
Range $779k – $952k (±10%)
Implied cap rate
6.20%
In-place · NOI ÷ last sale
Property ID
US18-0665933
Property summary
AI-generated overview
This exceptional offering presents a rare opportunity to lease fully-equipped executive office suites in Daytona Beach, Florida. Located on high-traffic Ridgewood Avenue (US Hwy 1), this prime location ensures excellent visibility and accessibility. The property comprises two Class B buildings, totaling 9,706 square feet, constructed in 1974 and extensively renovated in 2021. Currently, approximately 1,000 square feet of space is available for lease. The suites boast 8-foot ceilings, 120V power, and modern amenities including LED lighting and surveillance systems. Leases are gross, meaning utilities are included in the monthly rent. Several turn-key options are available, featuring fresh carpet, flooring, and paint. The spaces are ideal for small businesses or individuals seeking a convenient and cost-effective workspace. Available units include: Building 1615, Unit 108 (12x12, $425/month)
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,324 SF
Lot
0.5 ac (21,580 SF)
Zoning code
B4
APN
4242-20-09-0080
UPID
US18-0665933
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Medical Clinic
-
Car Dealership
-
Logistics Company
-
Medical Clinic
-
Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$635k
CAP Approach
CAP
$820k
Comparable Approach
Comparable
$861k
Blend (final)
Blend
$865k
Owner & transaction history
since 2026
Last sale
$580,000
7 recorded transactions
Zoning & alternative use
B4 · Daytona Beach, FL
Top alternative use upside
Auto repair, garage
$1.1M
+27.5%
Neighborhood: shopping center
$915,000
+8.8%
Medical building
$845,000
+0.3%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 5 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
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Summary
1
Valuation conclusion
Included free
Estimated market value
$865k
Value range
$779k – $952k
±10% around blend
Estimated value / SF
$200 / SF
Confidence
High
5 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
50
Income certainty
100
$779k
blend $865k
$952k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,324 SF
Lot area
0.5 ac
Year built
1974
Stories
2
APN
4242-20-09-0080
Assessed value
$525,765
Annual tax
$10,482
3
Income approach: direct capitalization
Partial preview
Income approach indication
$820k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$890k
@ 6.5% CAP return
$820k
@ 7% CAP return
$765k
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$10,482
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$1.44M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.6 mi away · 5,170 SF
4.1 mi away · 5,266 SF
7.5 mi away · 5,400 SF
7.9 mi away · 3,821 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$865k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 55 sales
$195
+3%
Submarket 291 sales
$176
+13%
County 625 sales
$196
+2%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $200/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+27%
vs current-use indication
Neighborhood: Shopping Center
Medical Building
Commercial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
6.20%
Selected cap rate for this investment properties
Derived from the Holly Hill market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.20%
9.0%
NOI (est.)
$9k *
Last sale · Jul 2021
$580k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$145k
Move the market yield to see immediate price impact.
Value / SF
$34
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.70%6.20%6.70%
$8k
$142k
$131k
$121k
$9k
$158k
$145k
$134k
$10k
$174k
$160k
$148k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$1.10M
2.9 mi · Dec 2025 · $330/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$10,482
Tax year 2023
Assessed value
$525,765
Assessed 2023
Previous assessed
$490,328
+7.2% YoY
Effective rate
1.99%
On assessed value
Assessed land
$86,320
Assessed improvement
$439,445
Land market value
$86,320
Improvement market value
$439,445
Total market value
$525,765
Applied tax rate
203.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Lease
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Buildings
2
Stories
2
Bathrooms
11
Total area
4,324 SF
Lot
0.5 ac (21,580 SF)
Zoning code
B4
APN
4242-20-09-0080
UPID
US18-0665933
Jurisdiction
VOLUSIA
Zoning & alternative use
B4 · Daytona Beach, FLZoning B4 · permitted uses
B4 · Daytona Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
11
Lot
0.5 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
B4
Jurisdiction
Daytona Beach, FL
Recorded code
B4
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Owner of record and activity signals are derived from public records and modeled classifications.
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