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Property profile & analytics
OFF-MARKET
Investment properties
240 Ridgewood Ave, Edgewater, FL 32132-1708
Individually Owned
~
Est. High Equity
Property ID
US18-0316403
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1946
Construction
WOOD
Total area
1,588 SF
Lot
0.5 ac (21,780 SF)
Zoning code
B3
APN
7452-01-00-0180
UPID
US18-0316403
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
-
Southeast Volusia Habitat for Humanity Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Edgewater Extraction And Denture Ce
Edgewater Extraction And Denture Ce
since 2026
Last sale
$425,000
7 recorded transactions
Zoning & alternative use
B3 · Edgewater, 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 Edgewater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Edgewater 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$64
Tax year 2023
Assessed value
$381,407
Assessed 2023
Previous assessed
$359,393
+6.1% YoY
Effective rate
0.02%
On assessed value
Assessed land
$124,963
Assessed improvement
$256,444
Land market value
$124,963
Improvement market value
$256,444
Total market value
$381,407
Applied tax rate
604.0000
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
Off-Market
Year built
1946
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Bathrooms
1
Total area
1,588 SF
Lot
0.5 ac (21,780 SF)
Zoning code
B3
APN
7452-01-00-0180
UPID
US18-0316403
Jurisdiction
VOLUSIA
Zoning & alternative use
B3 · Edgewater, FL
Zoning B3 · permitted uses
B3 · Edgewater, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Edgewater. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1946
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
Edgewater Extraction And Denture Ce
Individual
Mailing address
PO BOX 1268, EDGEWATER, FL 32132-1268
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2026
$600,000
Edgewater Extraction And Denture Ce
Southeast Volusia Habitat For Human
Warranty Deed
$420,000 · Velocity Commercial Capital LLC
Jan 17, 2025
—
Carolyn Alsobrook
—
Deed
related
$40,000 · County Of Volusia
Jan 3, 2024
—
Jill Labrecque
—
Deed
related
$36,410 · County Of Volusia
Nov 29, 2021
$425,000
Southeast Volusia Habitat For Human
Still Florida Properties LLC
Warranty Deed
—
Nov 5, 2018
$140,000
Still Florida Properties LLC
City Electric Supply Co
Warranty Deed
$152,000 · Centerstate Bank Of Florida NA
May 11, 2018
—
Cecil J Goodrich JR
—
Deed
related
$234,900 · Wells Fargo Bk
Feb 20, 2015
—
City Electric Supply Co
Mihalic Trent
Quit Claim Deed
related
—
Sep 17, 2013
—
Trent Mihalic
Mihalic,lunden
Quit Claim Deed
related
—
Nov 6, 2012
—
Lunden Mihalic
Mihalic,trent
Quit Claim Deed
related
—
Aug 14, 2003
$170,000
Trent Mihalle
Hendricks,john L & Linda C
Grant Deed
$130,000 · John L & Linda C Hendricks
Jul 29, 2003
$87,100
John L Hendricks
Biggerstaff,doris H
Grant Deed
—
—
—
Cecil J Goodrich JR
—
Loan Modification
related
$234,900 · Wells Fargo Bk
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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