Back to Search
Property profile & analytics
FOR SALE
Commercial land
2690 S Ridgewood Ave South Daytona, FL 32119
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-8903262
For Sale
1 / 67
Contact for pricing
2690 S Ridgewood Ave, South Daytona, FL 32119
View Listing →
Property summary
AI-generated overview
This exceptional 1.2-acre commercial property, located at 2690 S Ridgewood Avenue in South Daytona, Florida (zip code 32119), presents a unique investment opportunity. The 52,272 square foot lot is zoned for business commercial use and enjoys a prime location on high-traffic Ridgewood Avenue, ensuring maximum visibility. The property offers stunning river views, adding to its appeal and potential. Its versatile nature allows for a wide range of development possibilities, from retail to office space, or even a mixed-use project. The location's high foot and vehicle traffic guarantees significant exposure for any commercial venture. The seller is open to build-to-suit options with a land lease, providing flexibility for potential buyers. This is an ideal opportunity for investors seeking a high-visibility location with significant development potential in a thriving area of Volusia County. The property's size and location make it an attractive prospect for a variety of commercial uses. Serious inquiries are encouraged to explore this promising investment.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
1.2 ac (52,316 SF)
Zoning code
BR
APN
5333-08-00-0102
UPID
US18-8903262
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Hg Martin Properties LLC · 9 yrs held
Hg Martin Properties LLC
since 2017
4 recorded transactions
Zoning & alternative use
BR · South Daytona, 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 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
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
$3,675
Tax year 2023
Assessed value
$183,106
Assessed 2023
Previous assessed
$183,106
+0.0% YoY
Effective rate
2.01%
On assessed value
Assessed land
$183,106
Land market value
$183,106
Total market value
$183,106
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Heating
NONE
Lot
1.2 ac (52,316 SF)
Zoning code
BR
APN
5333-08-00-0102
UPID
US18-8903262
Jurisdiction
VOLUSIA
Zoning & alternative use
BR · South Daytona, FLZoning BR · permitted uses
BR · South Daytona, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
1.2 ac
Current owner
From public records · entity-resolved
Hg Martin Properties LLC
Entity
Mailing address
706 FREDA LN, PORT ORANGE, FL 32127-5932
Ownership since
2017
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
Jul 31, 2017
$175,000
Hg Martin Properties LLC
Pratt Properties INC
Warranty Deed
—
Jul 29, 2008
$720,000
Pratt Properties INC
Spreng,gustl
Warranty Deed
—
Mar 8, 2006
$615,000
August Spreng
Haddad,claudette
Warranty Deed
—
—
—
August F Spreng
—
Deed Of Trust
related
$425,000 · Pratt Properties INC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
