240 North Ridgewood Ave Daytona Beach, FL 32114
Investment properties
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Entity Owned
2-yr Hold
Free & Clear
For Sale
1 / 68
$1,350,000
240 North Ridgewood Ave, Daytona Beach, FL 32114
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Estimated value (blended)
$150k
Range $135k – $165k (±10%)
Property ID
US18-9455786
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1927
Construction
WOOD
Total area
1,276 SF
Lot
0.11 ac (4,850 SF)
Zoning code
B4
APN
5337-11-02-0060
UPID
US18-9455786
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Social Service Agency Charitable Organization
-
Alternative Medicine Practice Spa & Massage Center
-
Nail Salon
-
Alternative Medicine Practice Spa & Massage Center
-
Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$150k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$150k
Owner & transaction history
since 2024
Last sale
$150,000
4 recorded transactions
Zoning & alternative use
B4 · Daytona Beach, FL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 6 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$150k
Value range
$135k – $165k
±10% around blend
Estimated value / SF
$118 / SF
Confidence
High
6 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
60
Income certainty
100
$135k
blend $150k
$165k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,276 SF
Lot area
0.11 ac
Year built
1927
Stories
1
APN
5337-11-02-0060
Assessed value
$137,232
Annual tax
$2,632
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$2,632
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$279k
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.0 mi away · 1,554 SF
3.9 mi away · 1,250 SF
4.5 mi away · 960 SF
8.9 mi away · 1,300 SF
8.9 mi away · 1,300 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$150k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 55 sales
$195
-40%
Submarket 291 sales
$176
-33%
County 625 sales
$196
-40%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $118/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
13.38%
Selected cap rate for this investment properties
Derived from the Daytona Beach market rent, vacancy and expense benchmarks for this use type.
NOI (est.)
$181k *
Last sale · Feb 2024
$150k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.35M
Move the market yield to see immediate price impact.
Value / SF
$1,058
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
12.88%13.38%13.88%
$163k
$1.26M
$1.22M
$1.17M
$181k
$1.40M
$1.35M
$1.30M
$199k
$1.54M
$1.49M
$1.43M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$115k
0.2 mi · Oct 2025 · $114/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,632
Tax year 2023
Assessed value
$137,232
Assessed 2023
Previous assessed
$137,232
+0.0% YoY
Effective rate
1.92%
On assessed value
Assessed land
$21,340
Assessed improvement
$115,892
Land market value
$21,340
Improvement market value
$115,892
Total market value
$137,232
Applied tax rate
203.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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
1927
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
1
Total area
1,276 SF
Lot
0.11 ac (4,850 SF)
Zoning code
B4
APN
5337-11-02-0060
UPID
US18-9455786
Jurisdiction
VOLUSIA
Zoning & alternative use
B4 · Daytona Beach, FLZoning B4 · permitted uses
B4 · Daytona Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1927
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.11 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
B4
Jurisdiction
Daytona Beach, FL
Recorded code
B4
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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