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Property profile & analytics
OFF-MARKET
Estimated value
$1,535,000
Retail space
2425 Ridgewood Ave South Daytona, FL 32119-3077
Entity Owned
13-yr Hold
Free & Clear
Property ID
US18-0679238
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2012
Construction
WOOD
Total area
8,181 SF
Lot
1.53 ac (66,505 SF)
Zoning code
BP
APN
5344-10-00-0070
UPID
US18-0679238
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.19M
Comparable Approach
Comparable
$1.98M
Blend (final)
Blend
$1.54M
Owner & transaction history
Realty Income Props 19 LLC · 13 yrs held
Realty Income Props 19 LLC
since 2012
4 recorded transactions
Zoning & alternative use
BP · South Daytona, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.0M
+47.0%
Restaurant
$1.8M
+27.0%
Neighborhood: shopping center
$1.7M
+25.5%
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 South Daytona submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Daytona 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,285,000
6.5%
$1,185,000
7%
$1,100,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,385,000
Current use
AUTO REPAIR, GARAGE
$2,035,000
Change: +47% · Conversion: Difficult
RESTAURANT
$1,755,000
Change: +27% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,735,000
Change: +26% · Conversion: Moderate
MEDICAL BUILDING
$1,600,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,130,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$1.54M
Range $1.38M – $1.69M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$188 / SF
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
$23,846
Tax year 2023
Assessed value
$1,187,971
Assessed 2023
Previous assessed
$1,114,091
+6.6% YoY
Effective rate
2.01%
On assessed value
Assessed land
$478,836
Assessed improvement
$709,135
Land market value
$478,836
Improvement market value
$709,135
Total market value
$1,187,971
Applied tax rate
401.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2012
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
24
Total area
8,181 SF
Lot
1.53 ac (66,505 SF)
Zoning code
BP
APN
5344-10-00-0070
UPID
US18-0679238
Jurisdiction
VOLUSIA
Zoning & alternative use
BP · South Daytona, FL
Zoning BP · permitted uses
BP · South Daytona, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Daytona. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$2.0M
RESTAURANT
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES Current
AUTO REPAIR, GARAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2012
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
24
Lot
1.53 ac
Current owner
From public records · entity-resolved
Realty Income Props 19 LLC
Entity
Free & Clear · 13 yrs held
Mailing address
500 VOLVO PKWY, CHESAPEAKE, VA 23320-1604
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2012
$1,865,437
Realty Income Props 19 LLC
Family Dollar Stores Of Florida I
Grant Deed
—
May 8, 2012
$1,865,436
Family Dollar Stores Of Florida I
Boos-south Daytona LLC
Grant Deed
—
Feb 8, 2011
$650,000
Boos-south Daytona LLC
Rdsp INC
Warranty Deed
$1,573,000 · Branch Banking & Trust Co
Feb 3, 2000
$484,500
Asp Hospitality INC
Buffini,christopher G & Evangeli
Grant Deed
$450,000 · Seller
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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