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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1854 Ridgewood Ave South Daytona, FL 32119

    • Turn key restaurants
    • 11,641 SF
    • 3.59 lot acres
    For Lease
    View listing
    $20 SF/Yr
    Last Sale
    Apr 22, 2025
    $1,850,000
    Value Estimations
    $1,605,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2546397
    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.

    Current Use by Public Records

    • Isalis / Gift Shop / Boutique
    • Party City / Party Store / Balloon Store
    • Skunk Funk / Wholesaler / Clothing Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop

    Property Details for 1854 Ridgewood Ave

    Year built
    1988
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.59 lot acres
    Property size
    11,641 SF
    Zone code
    BR
    Property type
    Turn key restaurants
    APN
    5344-16-00-0642
    APU
    534416000642

    Description

    This exceptional 11,641-square-foot retail property, situated on a generous 3.58-acre lot (APN 534416000642), presents a compelling investment opportunity. The single-tenant building boasts a recent, comprehensive renovation, including a brand-new 16-ton HVAC system and a roof less than a year old. Constructed of concrete block, the building is ideally suited for high-end retail showrooms, featuring approximately 7,500 square feet of finished showroom space and an additional 3,900 square feet of warehouse area. High ceilings (14 feet) add to the spacious feel. The property also benefits from a recently sealed and restriped parking lot, complemented by new landscaping. The existing building offers significant expansion potential, or the site could accommodate the addition of a new structure. This property's combination of modern amenities, ample space, and prime location makes it an attractive proposition for discerning buyers seeking a versatile and well-maintained retail space. The property is currently configured as a single-user building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,385,000
      ML approach
      $1,320,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,614,000
      Market price range: $1.04M - $4.22M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $2,500,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $2,470,000
      Change: -1% Conversion: Difficult
      MEDICAL BUILDING
      $2,275,000
      Change: -9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    South Daytona
    County
    Volusia
    State
    Florida
    Longitude
    -81.006
    Latitude
    29.1762
    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
    $20,164
    $488,522
    $516,006
    $1,004,528
    -
    $488,522
    $516,006
    $1,004,528

    Comparable in this City

    • Value Estimation by Request
      3,870 SF

      2225 Ridgewood Ave

      RESTAURANT • 3,870 SF
      2225 Ridgewood Ave, South Daytona, FL 32119-3017
      View Details
    • Value Estimation by Request
      1,150 SF

      1780 Nova Rd Ste, Unit 13

      RESTAURANT • 1,150 SF
      1780 Nova Rd Ste, South Daytona, FL 32119-1777
      View Details
    • Value Estimation by Request
      1,150 SF

      1780 Nova Rd Ste, Unit 12

      RESTAURANT • 1,150 SF
      1780 Nova Rd Ste, South Daytona, FL 32119-1777
      View Details
    • Value Estimation by Request
      5,116 SF

      2055 Ridgewood Ave

      RESTAURANT • 5,116 SF
      2055 Ridgewood Ave, South Daytona, FL 32119-2240
      View Details
    • Value Estimation
      $1,230,000
      4,891 SF

      1840 Ridgewood Ave

      RESTAURANT • 4,891 SF
      1840 Ridgewood Ave, South Daytona, FL 32119-2237
      View Details
    • Value Estimation by Request
      2,170 SF

      2309 Ridgewood Ave

      RESTAURANT • 2,170 SF
      2309 Ridgewood Ave, South Daytona, FL 32119-3021
      View Details

    Similar Nearby for Sale

    • $240,000
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      Established Diner For Sale

      Turnkey restaurant with a strong local reputation and steady traffic.
      964 Reed Canal Rd, Daytona Beach, FL 32119
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    • $370,000
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      South Daytona Restaurant Opportunity

      Restaurant building on a large lot with equipment included.
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    • $595,000
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      South Daytona Retail Property

      Prime renovated storefront, ideal owner-user.
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    • $1,990,000
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      South Daytona Commercial Gem

      10,500 SF Multi-Use Building
      3090 Ridgewood Ave, South Daytona, FL 32119
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    • $1,799,000
      1.90 Acres

      US-1 Waterfront Commercial Land

      1.9 Acres, High Traffic, Development Potential
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    • $369,000

      South Daytona Commercial Land - $369K

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    Similar Nearby for Lease

    • $17 SF/Yr
      2,200 SF

      Big Tree Plaza Retail Space

      Prime Retail Space, US Hwy 1
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    • $18 SF/Yr
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      South Daytona Retail Space for Lease

      Prime Retail Space, 1913 sq ft, Flexible Lease
      927 Beville Rd, South Daytona, FL 32119
      View Details
    • $13 SF/Yr
      39,600 SF

      Office/Flex Space For Lease

      Office/Flex space available in a well-kept industrial park.
      933 Beville Rd, South Daytona, FL 32119
      View Details
    • $5,100 /Mo
      15,171 SF

      South Daytona Office Suites For Lease

      Prime Office Space, Flexible Sizes Available
      1635 Ridgewood Ave, South Daytona, FL 32119
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    • $3,170 /Mo
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      Retail Space in South Daytona

      2,200 SF retail space available in established plaza.
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      View Details
    • $13,376 /Mo
      14,348 SF

      South Daytona Mixed-Use Commercial Building

      14,368 SF mixed-use building for lease in South Daytona.
      2040 S Ridgewood Ave, Daytona Beach, FL 32119
      View Details
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    1854 Ridgewood Ave
    South Daytona, FL 32119
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    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
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