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Property profile & analytics
OFF-MARKET
Estimated value
$3,930,000
Community centers
201 Ridgewood Ave Edgewater, FL 32132-1946
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US19-0730234
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,260 SF
Lot
1.12 ac (48,650 SF)
Zoning code
B3
APN
7452-14-00-0350
UPID
US19-0730234
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
-
Rock Steady Boxing NSB & Ormond Beach Gym & Fitness Center
-
Schierlinger Podiatry Center Medical Clinic
-
Kurt A. Schierlinger, DPM Physician
-
South Volusia Family Foot Clinic Medical Clinic
-
NSB Vapor Parlor - Edgewater (Bike/Boat/Book/etc) Store Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.57M
Comparable Approach
Comparable
$4.67M
Blend (final)
Blend
$3.93M
Owner & transaction history
Schling LLC · 12 yrs held
Schling LLC
since 2013
5 recorded transactions
Zoning & alternative use
B3 · Edgewater, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.5M
+99.5%
Auto repair, garage
$3.8M
+38.8%
Medical building
$2.8M
+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%
$3,860,000
6.5%
$3,565,000
7%
$3,310,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,730,000
Current use
RESTAURANT
$5,450,000
Change: +99% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,790,000
Change: +39% · Conversion: Difficult
MEDICAL BUILDING
$2,840,000
Change: +4% · Conversion: Difficult
RETAIL STORES
$2,690,000
Change: -1% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,690,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$3.93M
Range $3.54M – $4.32M · ±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
$258 / 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
$24,691
Tax year 2023
Assessed value
$1,280,822
Assessed 2023
Previous assessed
$1,176,076
+8.9% YoY
Effective rate
1.93%
On assessed value
Assessed land
$291,900
Assessed improvement
$988,922
Land market value
$291,900
Improvement market value
$988,922
Total market value
$1,280,822
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
19
Total area
15,260 SF
Lot
1.12 ac (48,650 SF)
Zoning code
B3
APN
7452-14-00-0350
UPID
US19-0730234
Jurisdiction
VOLUSIA
Zoning & alternative use
B3 · Edgewater, FL
Zoning B3 · permitted uses
B3 · 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
$2.7M
RESTAURANT
Est. value
$5.5M
AUTO REPAIR, GARAGE
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$2.8M
RETAIL STORES
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
19
Lot
1.12 ac
Current owner
From public records · entity-resolved
Schling LLC
Entity
Mailing address
201 S RIDGEWOOD AVE STE #2, EDGEWATER, FL 32132-1935
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2022
—
Schling LLC
—
Deed
related
$450,000 · South State Bank National Association
Aug 8, 2013
$950,000
Schling LLC
Paesano INC
Warranty Deed
$760,000 · Wells Fargo Bank NA
Jul 7, 2003
$750,000
Paesano INC
Hall,frank E
Grant Deed
$600,000 · Southtrust Bank NA
—
—
Paesano INC
—
Deed Of Trust
related
$20,000 · Wachovia Bank NA
—
—
Frank E Hall
—
Deed Of Trust
related
$250,000 · Friends Bank
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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