Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2100 Ridgewood Ave South Daytona, FL 32119

    • Investment properties
    • 10,250 SF
    • 0.92 lot acres
    For Lease
    View listing
    $19 SF/Yr
    Last Sale
    Dec 05, 2023
    $1,400,000
    Value Estimations
    $1,525,000
    Cap Rate Potential
    8.3%
    Investment properties
    Location Intelligence
    Property ID
    US18-4598109
    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

    • New Light Media Productions LLC / Video Production Service
    • Molly Maid of Daytona and New Smyrna Beach / House Cleaning Service / Cleaners
    • Moats & Associates- Tax and Accounting Services / Accountant

    Property Details for 2100 Ridgewood Ave

    Year built
    2010
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.92 lot acres
    Property size
    10,250 SF
    Zone code
    BR
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    5344-16-00-0515
    APU
    534416000515

    Description

    This exceptional 800-square-foot office space is ideally situated at 2100 S Ridgewood Avenue in South Daytona, Florida, zip code 32119. The property is a single-tenant office building located on a one-acre lot. The unit itself boasts a private bathroom, offering convenience and privacy for its occupants. The building is well-maintained and presents a very professional image, ideal for businesses seeking a polished and reputable address. Ample parking is available on-site, ensuring convenient access for employees and clients. The open floor plan provides flexibility for various office configurations, allowing businesses to customize the space to meet their specific needs. This prime location in South Daytona offers excellent visibility and accessibility, making it an attractive option for a wide range of businesses. The property is ready for immediate occupancy. This is a fantastic opportunity to secure a well-maintained, conveniently located office space in a desirable area. Contact us today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,520,000
      ML approach
      $1,510,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,110,000
      6.5%
      $1,950,000
      7%
      $1,810,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,104,000
      Market price range: $1.01M - $1.95M
      AI Estimate
      $1,212,000
      Market price range: $775k - $2.46M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,420,000
      Current use
      RESTAURANT
      $2,200,000
      Change: +55% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,175,000
      Change: +53% Conversion: Difficult
      MEDICAL BUILDING
      $2,005,000
      Change: +41% Conversion: Easy
      RETAIL STORES
      $1,730,000
      Change: +22% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $1,210,000
      Change: -15% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    South Daytona
    County
    Volusia
    State
    Florida
    Longitude
    -81.0022
    Latitude
    29.1714
    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
    $15,811
    $160,000
    $627,684
    $787,684
    -
    $160,000
    $627,684
    $787,684

    Comparable in this City

    • Value Estimation
      $430,000
      2,452 SF

      1000 Big Tree Rd

      STORE/OFFICE (MIXED USE) • 2,452 SF
      1000 Big Tree Rd, Daytona Beach, FL 32119
      View Details
    • Value Estimation
      $485,000
      19,500 SF

      2330 Nova Rd

      STORE/OFFICE (MIXED USE) • 19,500 SF
      2330 Nova Rd, Daytona Beach, FL 32119-2514
      View Details
    • Value Estimation by Request
      9,216 SF

      2050 Ridgewood Ave

      STORE/OFFICE (MIXED USE) • 9,216 SF
      2050 Ridgewood Ave, South Daytona, FL 32119-8455
      View Details
    • Value Estimation
      $220,000
      1,000 SF

      200 Frst Lk Blvd Ste, Unit 1

      STORE/OFFICE (MIXED USE) • 1,000 SF
      200 Frst Lk Blvd Ste, Daytona Beach, FL 32119-8108
      View Details
    • Value Estimation
      $160,000
      1,000 SF

      1301 Beville Rd Ste, Unit 16

      STORE/OFFICE (MIXED USE) • 1,000 SF
      1301 Beville Rd Ste, Daytona Beach, FL 32119-1503
      View Details
    • Value Estimation
      $270,000
      1,920 SF

      200 Frst Lk Blvd Ste, Unit 3

      STORE/OFFICE (MIXED USE) • 1,920 SF
      200 Frst Lk Blvd Ste, Daytona Beach, FL 32119-8108
      View Details

    Similar Nearby for Sale

    • $799,000
      4,926 SF

      South Daytona Multi-Use Property

      16-unit income-producing property, owner financing available.
      1018 Cutters Way, South Daytona, FL 32119
      View Details
    • $369,000

      South Daytona Commercial Land - $369K

      1.2 Acres, High-Traffic Location, River Views
      2690 Ridgewood Ave, South Daytona, FL 32119
      View Details
    • $3,450,000
      25,094 SF

      Fully Leased Mixed-Use Investment

      25,000 SF mixed-use property in Daytona Beach, Florida.
      955 Foster Way, Daytona Beach, FL 32119
      View Details
    • $700,000
      2,511 SF

      South Daytona Commercial Property

      Prime Beville Road Office Space, $700,000
      905 Beville Rd, South Daytona, FL 32119
      View Details
    • $699,000

      Prime Daytona Beach Commercial Land

      111,513 SF Vacant Land, Build Your Dream
      0 Nova Rd, Daytona Beach, FL 32119
      View Details
    • $149,000
      1,000 SF

      Daytona Beach Office Condo - $149K

      1,000 SF Medical/Executive Office Condo
      1301 Beville Rd, Daytona Beach, FL 32119
      View Details

    Similar Nearby for Lease

    • $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
    • $12 SF/Yr

      South Daytona Warehouse Flex Space

      7,200 SF climate-controlled warehouse with office and showroom.
      2030 S Ridgewood Ave, Daytona Beach, 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
      View Details
    • $3,170 /Mo
      2,200 SF

      Retail Space in South Daytona

      2,200 SF retail space available in established plaza.
      2030 S Ridgewood Ave, Daytona Beach, FL 32119
      View Details
    • $13 SF/Yr
      39,600 SF

      South Daytona Flex Space Available

      Versatile Flex/Warehouse Space for Lease
      933 Beville Rd, South Daytona, FL 32119
      View Details
    • $17 SF/Yr
      2,200 SF

      Big Tree Plaza Retail Space

      Prime Retail Space, US Hwy 1
      2030 Ridgewood Ave, South Daytona, FL 32119
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2100 Ridgewood Ave
    South Daytona, FL 32119
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.