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    215 Ridgewood Ave Daytona Beach, FL 32117-4931
    Property profile & analytics

    215 Ridgewood Ave Daytona Beach, FL 32117-4931

    View on Map
    • Auto shops
    • 3,000 SF
    • 0.37 lot acres
    Off-Market
    Last Sale Dec 1, 2020
    $228,250
    Property ID
    US18-3666245
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Jiffy Lube / Auto Repair Shop
    • Lost souls cycles / Auto Repair Shop / Motorcycle Shop

    Property Details for 215 Ridgewood Ave

    Year built
    1987
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.37 lot acres
    Property size
    3,000 SF
    Zone code
    B4
    Property type
    Auto shops
    APN
    4244-01-27-0070
    APU
    424401270070

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.0326
    Latitude
    29.2299
    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
    $4,837
    $67,200
    $176,555
    $243,755
    -
    $67,200
    $176,555
    $243,755

    Comparable in this City

    • Value Estimation
      $775,000
      10,611 SF

      804 Mason Ave

      AUTO REPAIR, GARAGE • 10,611 SF
      804 Mason Ave, Daytona Beach, FL 32117-4709
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    • Value Estimation by Request
      1,031 SF

      1460 Nova Rd

      AUTO REPAIR, GARAGE • 1,031 SF
      1460 Nova Rd, Daytona Beach, FL 32117-3207
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    • Value Estimation by Request
      4,100 SF

      111 State Ave

      AUTO REPAIR, GARAGE • 4,100 SF
      111 State Ave, Daytona Beach, FL 32117-5032
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    • Value Estimation by Request
      3,780 SF

      1701 Ridgewood Ave

      AUTO REPAIR, GARAGE • 3,780 SF
      1701 Ridgewood Ave, Daytona Beach, FL 32117-1735
      View Details
    • Value Estimation by Request
      1,375 SF

      1105 Ridgewood Ave

      AUTO REPAIR, GARAGE • 1,375 SF
      1105 Ridgewood Ave, Daytona Beach, FL 32117-2719
      View Details
    • Value Estimation by Request
      2,091 SF

      1498 Nova Rd

      AUTO REPAIR, GARAGE • 2,091 SF
      1498 Nova Rd, Daytona Beach, FL 32117-3207
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Established Motorcycle Repair Shop Business

      Profitable motorcycle repair shop business for sale in Daytona Beach.
      1520 N Nova Rd, Daytona Beach, FL 32117
      View Details
    • New
      $199,000
      3,000 SF

      Daytona Beach Motorcycle Repair Shop

      Established motorcycle repair shop with high traffic and road exposure.
      1520 N Nova Rd, Daytona Beach, FL 32117
      View Details
    • Contact for pricing

      Daytona Beach Auto Shop

      Large industrial building suitable for auto-related business.
      401 Mason Ave, Daytona Beach, FL 32117
      View Details
    • $400,000
      2,475 SF

      Holly Hill Commercial Auto Property

      Freestanding building suitable for auto repairs and sales.
      348 Mason Ave, Holly Hill, FL 32117
      View Details
    • $899,000
      6,700 SF

      Daytona Beach Commercial Opportunity Zone

      Commercial property in Daytona Beach with redevelopment potential.
      401 Mason Ave, Daytona Beach, FL 32117
      View Details

    Similar Nearby for Lease

    • New
      $8,000 /Mo
      33,502 SF

      Daytona Gas Station Leasing Opportunity

      Prime corner site with existing gas station infrastructure for lease.
      895 N Nova Rd, Daytona Beach, FL 32117
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    • $23 SF/Yr

      Retail/Office Space in Daytona Beach

      New retail/office strip center in a high-growth area.
      1857 Daytona Bch, Daytona Beach, FL 32117
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    • $1,000 /Mo
      1,967 SF

      Commercial Space on High-Traffic Street

      600 SF commercial space suitable for retail or office use.
      921 N Ridgewood Ave, Holly Hill, FL 32117
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    • $12 SF/Yr
      1,125 SF

      Holly Hill Retail/Office/Medical Space

      Highly visible retail, office, or medical space for lease.
      701 Ridgewood Ave, Holly Hill, FL 32117
      View Details
    • $3,780 /Mo
      1,680 SF

      Retail/Restaurant Space in Holly Hill

      Retail and restaurant leasing opportunity in high-density residential community.
      235 Riverside Dr, Holly Hill, FL 32117
      View Details
    • $12 SF/Yr
      2,250 SF

      Holly Hill Retail/Office/Medical Space

      2,250 sq ft retail/office/medical space for lease.
      701 Ridgewood Ave, Holly Hill, FL 32117
      View Details

    Property Visit Statistics

    • Visits by month
      645
    • Visitors by month
      463
    • Avg Time on site
      33 min
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    Daytona Beach, FL 32117-4931
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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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    215 Ridgewood Ave, Daytona Beach, FL, 32117
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