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Property profile & analytics
OFF-MARKET
Turn key restaurants
2055 Ridgewood Ave South Daytona, FL 32119-2240
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US19-0611956
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,116 SF
Lot
1.17 ac (50,769 SF)
Zoning code
BGC
APN
5344-16-00-0290
UPID
US19-0611956
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Cambow Investments LLC · 4 yrs held
Cambow Investments LLC
since 2021
Last sale
$287,500
7 recorded transactions
Zoning & alternative use
BGC · South Daytona, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of BGC zone is to provide for retail, service and professional business located along arterial roads automotive related uses and certain other types of businesses are permitted as special exceptions it is intended that automotive uses be located on arterial roads in clusters at intersections with these arterial roads
Zone name
Business General Commercial
General category
COMMERCIAL
Zone area
156.89 ac
Source
Realmo
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 South Daytona submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Daytona 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,116
Tax year 2023
Assessed value
$376,005
Assessed 2023
Previous assessed
$253,098
+48.6% YoY
Effective rate
1.63%
On assessed value
Assessed land
$206,249
Assessed improvement
$169,756
Land market value
$206,249
Improvement market value
$169,756
Total market value
$376,005
Applied tax rate
401.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
3
Total area
5,116 SF
Lot
1.17 ac (50,769 SF)
Zoning code
BGC
APN
5344-16-00-0290
UPID
US19-0611956
Jurisdiction
VOLUSIA
Zoning & alternative use
BGC · South Daytona, FLZoning BGC · permitted uses
BGC · South Daytona, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of BGC zone is to provide for retail, service and professional business located along arterial roads automotive related uses and certain other types of businesses are permitted as special exceptions it is intended that automotive uses be located on arterial roads in clusters at intersections with these arterial roads
Zone name
Business General Commercial
General category
COMMERCIAL
Zone area
156.89 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
3
Lot
1.17 ac
Current owner
From public records · entity-resolved
Cambow Investments LLC
Entity
Mailing address
6092 CROSSBOW LN, PORT ORANGE, FL 32128-6993
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2021
$287,500
Cambow Investments LLC
Arnold H Perrine JR
Warranty Deed
$258,750 · Arnold H And Dianna S Perrine Tru
Dec 30, 2008
$600,000
Perrine Arnold H JR Trust
Owner Name Unavailable
Warranty Deed
related
—
Sep 25, 2003
—
Direct-connect Consulting INC
Ratcliffe,douglas A & Linda M
Grant Deed
related
—
Sep 3, 2003
$322,500
Direct Connect Consulting INC
Ratcliffe,douglas A & Linda M
Grant Deed
—
Apr 15, 1999
$200,000
Jerome Doliner
Robert Negrea Estate
Grant Deed
$175,000 · Seller
Mar 1, 1988
—
Negrea,marylin E|doliner,jerome Tr
—
Grant Deed
related
—
—
—
Linda M Ratcliffe
—
Deed Of Trust
related
$178,559 · Bank Of America
—
—
Direct-connect Consulting INC
—
Deed Of Trust
related
$100,000 · Wachovia Bank NA
—
—
Direct-connect Consulting INC
—
Deed Of Trust
related
$390,000 · Wachovia Bank NA
—
—
Douglas A Ratcliffe
—
Deed Of Trust
related
$215,360 · Bank Of America
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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