1629 Ridgewood Ave Daytona Beach, FL 32117-1733
Entity Owned
8-yr Hold
~
Est. High Equity
Estimated value (blended)
$255k
Range $230k – $281k (±10%)
Property ID
US18-4204928
Property summary
AI-generated overview
This established Holly Hill, FL business, located at 1629 Ridgewood Avenue, is offered for sale at $119,900. The 2,520 square foot space, situated on a 6,499.15 square foot lot, is a turnkey operation with an existing customer base and ample inventory. Included in the sale are eight brand new golf carts, ten e-bikes, four Hiboy scooters, customer lists, signage, floor racks, a 24-foot hauling trailer, the business website, and phone number. The business currently operates under a gross lease with three years remaining, and the landlord is willing to extend the lease for a qualified buyer for 3-5 years. The property is zoned for business use and features an 8-foot ceiling height. This is an asset sale only; no real estate is included in the sale. Serious inquiries only; proof of funds and a signed NDA are required before showings. This presents a unique opportunity to acquire a profitable, established business in a high-growth market. The single-story building was constructed in 1961. This is a 100% occupied, single-unit business.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,520 SF
Lot
0.15 ac (6,500 SF)
Zoning code
B4
APN
4242-20-09-0150
UPID
US18-4204928
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
-
Furniture & Home Goods
-
Golf Cart Dealer Electric Bicycle Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$255k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$255k
Owner & transaction history
since 2018
1 recorded transaction
Zoning & alternative use
B4 · Daytona Beach, FL
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.
All 5 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$255k
Value range
$230k – $281k
±10% around blend
Estimated value / SF
$101 / SF
Confidence
High
5 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
50
$230k
blend $255k
$281k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,520 SF
Lot area
0.15 ac
Year built
1961
Stories
1
APN
4242-20-09-0150
Assessed value
$150,939
Annual tax
$2,837
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$306k
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.9 mi away · 3,240 SF
3.8 mi away · 3,160 SF
5.8 mi away · 2,400 SF
9.8 mi away · 3,152 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$255k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 25 sales
$118
-14%
Submarket 128 sales
$169
-40%
County 285 sales
$176
-43%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $101/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
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
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$151k
Move the market yield to see immediate price impact.
Value / SF
$60
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
5.00%7.00%9.00%
$10k
$190k
$136k
$106k
$11k
$211k
$151k
$117k
$12k
$232k
$166k
$129k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$100k
0.4 mi · Oct 2025 · $46/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,837
Tax year 2023
Assessed value
$150,939
Assessed 2023
Previous assessed
$142,913
+5.6% YoY
Effective rate
1.88%
On assessed value
Assessed land
$27,300
Assessed improvement
$123,639
Land market value
$27,300
Improvement market value
$123,639
Total market value
$150,939
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
1
Total area
2,520 SF
Lot
0.15 ac (6,500 SF)
Zoning code
B4
APN
4242-20-09-0150
UPID
US18-4204928
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
Building & site characteristics
From public records
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.15 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
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
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Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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