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Property profile & analytics
FOR SALE
Investment properties
2111 S Ridgewood Ave South Daytona, FL 32119
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-3730596
For Sale
1 / 14
$2,500,000
2111 S Ridgewood Ave, South Daytona, FL 32119
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Property summary
AI-generated overview
This exceptional 12,610-square-foot former bank building presents a unique investment opportunity in South Daytona, Florida. Situated on a 2.2-acre lot, this two-story freestanding structure offers significant potential for redevelopment or adaptive reuse. The ground floor features a vestibule with elevator and stairs, a preserved vault and teller booths, and two restrooms. Plans are in place to convert the open area into five offices. The second floor comprises eleven offices, a large conference room, two restrooms, and a breakroom. Ample parking is available on-site. The expansive lot allows for the possibility of constructing an additional building. The property boasts excellent visibility and accessibility, with frontage on Ridgewood Avenue and McDonald Street, and convenient proximity to Beville Road and Dunlawton Avenue. The building is zoned BGC (Volusia County). The property's APN is 5344-16-00-0242
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,610 SF
Lot
1.56 ac (67,825 SF)
Zoning code
BR
APN
5344-16-00-0242
UPID
US18-3730596
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
$870k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$870k
Owner & transaction history
Seabreeze Market LLC · 2 yrs held
Seabreeze Market LLC
since 2024
Last sale
$870,000
1 recorded transaction
Zoning & alternative use
BR · South Daytona, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Method
Estimation
Statistic approach
$870,000
ML approach
$870,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$870k
Range $783k – $957k · ±10% · vs last sale $870k (Jan 18 2024)
Last sale anchor
$870k
Jan 18 2024
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
$69 / 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
$20,971
Tax year 2023
Assessed value
$1,044,752
Assessed 2023
Previous assessed
$1,044,752
+0.0% YoY
Effective rate
2.01%
On assessed value
Assessed land
$237,388
Assessed improvement
$807,364
Land market value
$237,388
Improvement market value
$807,364
Total market value
$1,044,752
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Sale
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
2
Bathrooms
4
Total area
12,610 SF
Lot
1.56 ac (67,825 SF)
Zoning code
BR
APN
5344-16-00-0242
UPID
US18-3730596
Jurisdiction
VOLUSIA
Zoning & alternative use
BR · South Daytona, FL
Zoning BR · permitted uses
BR · South Daytona, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Daytona. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
2
Bathrooms
4
Lot
1.56 ac
Current owner
From public records · entity-resolved
Seabreeze Market LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2924 RIV PT DR, DAYTONA BEACH, FL 32118-5915
Ownership since
2024
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
Jan 18, 2024
$870,000
Seabreeze Market LLC
Wells Fargo Bank NA
Special Warranty 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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