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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2290 Ridgewood Ave South Daytona, FL 32119-3071

    • Banks
    • 4,959 SF
    • 1.26 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-9739457
    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

    • Isalis / Gift Shop / Boutique
    • Party City / Party Store / Balloon Store
    • Skunk Funk / Wholesaler / Clothing Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop

    Property Details for 2290 Ridgewood Ave

    Year built
    1973
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.26 lot acres
    Property size
    4,959 SF
    Zone code
    BA
    Property type
    Banks
    APN
    5344-08-02-0080
    APU
    534408020080

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    South Daytona
    County
    Volusia
    State
    Florida
    Longitude
    -81.0004
    Latitude
    29.1679
    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
    $20,516
    $383,250
    $638,805
    $1,022,055
    -
    $383,250
    $638,805
    $1,022,055

    Comparable in this City

    • Value Estimation
      $1,720,000
      10,770 SF

      1899 Clyde Morris Blvd

      FINANCIAL BUILDING • 10,770 SF
      1899 Clyde Morris Blvd, Daytona Beach, FL 32119-1580
      View Details
    • Value Estimation by Request
      3,752 SF

      2410 Ridgewood Ave

      FINANCIAL BUILDING • 3,752 SF
      2410 Ridgewood Ave, South Daytona, FL 32119-3024
      View Details
    • Value Estimation by Request
      4,132 SF

      2580 Ridgewood Ave

      FINANCIAL BUILDING • 4,132 SF
      2580 Ridgewood Ave, South Daytona, FL 32119-3536
      View Details
    • Value Estimation
      $975,000
      4,900 SF

      3184 Ridgewood Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,900 SF
      3184 Ridgewood Ave, South Daytona, FL 32119-3502
      View Details
    • Value Estimation
      $1,005,000
      8,040 SF

      2028 Ridgewood Ave

      RETAIL STORES (PERSONAL SERVICES) • 8,040 SF
      2028 Ridgewood Ave, South Daytona, FL 32119-2241
      View Details
    • Value Estimation
      $660,000
      4,438 SF

      1952 Ridgewood Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,438 SF
      1952 Ridgewood Ave, South Daytona, FL 32119-2239
      View Details

    Similar Nearby for Sale

    • $2,900,000
      12,610 SF

      Prime South Daytona Commercial Building

      12,610 SF, 2-Story Bank Building
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    • Contact for pricing
      12,778 SF

      Beville Road Commercial Opportunity

      Office, retail, and warehouse spaces available on Beville Road.
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    • $695,000
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      NNN Leased Retail Opportunity

      Retail property on a bustling corner with high visibility.
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    • $799,000
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      South Daytona Multi-Use Property

      16-unit income-producing property, owner financing available.
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      Clock Tower Plaza For Sale

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      Turnkey print shop for sale with established customer base.
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    Similar Nearby for Lease

    • $14 SF/Yr
      12,610 SF

      Prime South Daytona Retail Space

      12,610 SF Former Bank, 2.2 Acres
      2111 Ridgewood Ave, South Daytona, FL 32119
      View Details
    • $14 SF/Yr
      12,610 SF

      Two-Story Building on Ridgewood Avenue

      Freestanding 12,610 SF building for lease with ample parking.
      2111 S Ridgewood Ave, Daytona Beach, 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
    • $2,998 /Mo
      78,753 SF

      Retail Space on US Highway 1

      Retail space available in well-established South Daytona location.
      2018 S Ridgewood Ave, Daytona Beach, FL 32119
      View Details
    • $20 SF/Yr
      5,329 SF

      Office/Showroom with Warehouse Space

      Office/Showroom for lease with warehouse space and parking.
      1952 S Ridgewood Ave, Daytona Beach, 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
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    2290 Ridgewood Ave
    South Daytona, FL 32119-3071
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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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