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

    217 Ridgewood Ave Daytona Beach, FL 32117-4931

    • Warehouses
    • 6,150 SF
    • 0.34 lot acres
    OFF-MARKET
    Value Estimations
    $440,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4163982
    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

    • Atlantic Hardwood & Flooring / General Contractor / Carpet Installer

    Property Details for 217 Ridgewood Ave

    Year built
    1987
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.34 lot acres
    Property size
    6,150 SF
    Zone code
    B4
    Property type
    Warehouses
    APN
    4244-01-27-0071
    APU
    424401270071

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $340,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $539,000
      Market price range: $330k - $1.22M
      AI Estimate
      $516,000
      Market price range: $331k - $1.24M

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

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.0321
    Latitude
    29.2301
    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
    $6,041
    $31,500
    $263,466
    $294,966
    -
    $31,500
    $263,466
    $294,966

    Comparable in this City

    • Value Estimation
      $290,000
      1,170 SF

      1762 State Ave

      WAREHOUSE, STORAGE • 1,170 SF
      1762 State Ave, Daytona Beach, FL 32117-1748
      View Details
    • Value Estimation
      $270,000
      1,170 SF

      1776 State Ave

      WAREHOUSE, STORAGE • 1,170 SF
      1776 State Ave, Daytona Beach, FL 32117-1748
      View Details
    • Value Estimation
      $225,000
      1,400 SF

      952 Teresa St

      WAREHOUSE, STORAGE • 1,400 SF
      952 Teresa St, Daytona Beach, FL 32117-4725
      View Details
    • Value Estimation
      $1,190,000
      49,380 SF

      831 Bill France Blvd

      WAREHOUSE, STORAGE • 49,380 SF
      831 Bill France Blvd, Daytona Beach, FL 32117-5171
      View Details
    • Value Estimation by Request

      1115 Enterprise Ct

      Distribution properties
      1115 Enterprise Ct, Daytona Beach, FL 32117
      View Details
    • Value Estimation by Request
      10,821 SF

      607 3rd St

      WAREHOUSE, STORAGE • 10,821 SF
      607 3rd St, Daytona Beach, FL 32117-4226
      View Details

    Similar Nearby for Sale

    • $449,900
      3,750 SF

      Daytona Beach Warehouse - $449,900

      3,750 SF Warehouse, Great Potential
      1627 State Ave, Daytona Beach, FL 32117
      View Details
    • $895,000
      6,880 SF

      Daytona Beach Commercial Building

      6,880 SF building with retail, office, and warehouse space.
      806 Mason Ave, Daytona Beach, FL 32117
      View Details
    • $800,000
      5,341 SF

      Daytona Beach Multi-Use Property

      Versatile 5,341 sq ft building, many uses.
      526 Mason Ave, Daytona Beach, FL 32117
      View Details
    • $1,600,000
      10,505 SF

      Daytona Beach Industrial Property

      Two buildings totaling 10,505 SF on 1.17 acres.
      517 Mason Ave, Daytona Beach, FL 32117
      View Details
    • $400,000
      2,928 SF

      Climate-Controlled Warehouse/Office Space

      Versatile warehouse/office space with climate control and flexible loading.
      555 8Th St, Daytona Beach, FL 32117
      View Details
    • $895,000

      Versatile Automotive/Retail/Office/Warehouse Space

      6,880 SF building with retail, office, and warehouse space.
      806 Mason Ave, Daytona Beach, FL 32117
      View Details

    Similar Nearby for Lease

    • $0.01 SF/Yr
      19,890 SF

      Mason Avenue Warehouse Opportunity

      19,890 SF Warehouse - Build-to-Suit
      660 Mason Ave, Daytona Beach, FL 32117
      View Details
    • $4,667 /Mo
      4,000 SF

      Daytona Beach Commercial Space Available

      4,000 SF commercial space for lease in Daytona Beach.
      1620 State Ave, Daytona Beach, FL 32117
      View Details
    • $14 SF/Yr
      3,509 SF

      Daytona Beach Warehouse Space Available

      2,366 SF warehouse space for lease in Daytona Beach.
      700 Ridgewood Ave, Daytona Beach, FL 32117
      View Details
    • $15 SF/Yr
      4,000 SF

      LPGA Blvd Commercial Property

      Prime location, versatile 4,000 sq ft.
      1312 Lpga Blvd, Daytona Beach, FL 32117
      View Details
    • $10 SF/Yr
      154,747 SF

      Daytona Beach Industrial/Office Space

      155,000 SF Multi-Use Building, 17.5 Acres
      901 6Th St, Daytona Beach, FL 32117
      View Details
    • $10 SF/Yr
      40,000 SF

      Holly Hill Warehouse and Office

      Industrial and office spaces for lease in Holly Hill.
      525 Carswell Ave, Daytona Beach, FL 32117
      View Details

    Property Visit Statistics

    • Visits by month
      640
    • Visitors by month
      470
    • Avg Time on site
      35 min
    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.
    217 Ridgewood Ave
    Daytona Beach, FL 32117-4931
    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.