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Property profile & analytics
OFF-MARKET
Estimated value
$19,625,000
Community centers
1828 Ridgewood Ave Edgewater, FL 32141-3643
Individually Owned
19-yr Hold
Free & Clear
Property ID
US18-0096111
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
79,738 SF
Lot
12.19 ac (530,920 SF)
Zoning code
B5
APN
8402-00-00-0060
UPID
US18-0096111
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
-
bealls Clothing Store Baby Clothing Store
-
Bealls Outlet - Florida Shores Plaza Discount Store Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$18.63M
Comparable Approach
Comparable
$21.66M
Blend (final)
Blend
$19.63M
Owner & transaction history
Revenue Props Florida Shrss Ll · 19 yrs held
Revenue Props Florida Shrss Ll
since 2007
1 recorded transaction
Zoning & alternative use
B5 · Edgewater, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$28.5M
+99.5%
Auto repair, garage
$19.8M
+38.8%
Medical building
$14.8M
+3.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$20,180,000
6.5%
$18,630,000
7%
$17,300,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$14,275,000
Current use
RESTAURANT
$28,475,000
Change: +99% · Conversion: Difficult
AUTO REPAIR, GARAGE
$19,810,000
Change: +39% · Conversion: Difficult
MEDICAL BUILDING
$14,835,000
Change: +4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$14,640,000
Change: +3% · Conversion: Easy
RETAIL STORES
$14,065,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$19.63M
Range $17.66M – $21.59M · ±10%
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
$246 / 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
$106,037
Tax year 2023
Assessed value
$5,482,282
Assessed 2023
Previous assessed
$5,112,771
+7.2% YoY
Effective rate
1.93%
On assessed value
Assessed land
$1,911,312
Assessed improvement
$3,570,970
Land market value
$1,911,312
Improvement market value
$3,570,970
Total market value
$5,482,282
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Bathrooms
27
Total area
79,738 SF
Lot
12.19 ac (530,920 SF)
Zoning code
B5
APN
8402-00-00-0060
UPID
US18-0096111
Jurisdiction
VOLUSIA
Zoning & alternative use
B5 · Edgewater, FL
Zoning B5 · permitted uses
B5 · Edgewater, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Edgewater. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$14.3M
RESTAURANT
Est. value
$28.5M
AUTO REPAIR, GARAGE
Est. value
$19.8M
MEDICAL BUILDING
Est. value
$14.8M
COMMERCIAL (GENERAL)
Est. value
$14.6M
RETAIL STORES
Est. value
$14.1M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
27
Lot
12.19 ac
Current owner
From public records · entity-resolved
Revenue Props Florida Shrss Ll
Individual
Free & Clear · 19 yrs held
Mailing address
551 S POMPANO PKWY, POMPANO BEACH, FL 33069-3018
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2007
—
Revenue Props Florida Shrss Ll
Spishores LLC
Grant Deed
—
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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