Individually Owned 
For Sale
1 / 31
$649,000
2763 S Ridgewood Ave, South Daytona, FL 32119
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Property summary
AI-generated overview
The property consists of an updated professional office space totaling approximately 1,800 sq. ft., situated on a corner lot with a traffic light in a high-traffic corridor and backing to Reed Canal. The interior layout includes seven private offices suitable for professional uses such as insurance, accounting, legal, surveying, or consulting. The space can be configured as two separate offices, with two separate entrances. Additional features include two skylights for natural light. Parking is provided with up to nine dedicated spaces plus additional street parking, and the building supports exterior signage opportunities. The office space is partially furnished, with furniture that may remain or be removed depending on tenant requirements. The building is shared with one other long-term tenant, a pest control company.
Property profile
Verified
Property type
Other investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,594 SF
Lot
0.24 ac (10,559 SF)
Zoning code
BR
APN
5333-13-00-0110
UPID
US18-9902388
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
-
Insurance Agency
-
Garden Center
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$260k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$260k
Owner & transaction history
since 2019
2 recorded transactions
Zoning & alternative use
BR · South Daytona, 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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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 5 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$260k
Value range
$234k – $286k
±10% around blend
Estimated value / SF
$100 / SF
Confidence
High
5 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
50
Income certainty
100
$234k
blend $260k
$286k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,594 SF
Lot area
0.24 ac
Year built
1963
Stories
1
APN
5333-13-00-0110
Zoning
BR
Assessed value
$215,821
Annual tax
$4,332
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
$4,332
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$463k
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
4.6 mi away · 3,335 SF
5.0 mi away · 2,400 SF
6.4 mi away · 2,600 SF
6.4 mi away · 2,150 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$260k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 35 sales
$138
-28%
Submarket 291 sales
$176
-43%
County 625 sales
$196
-49%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $100/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
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
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 · 5 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
6.47%
Selected cap rate for this other investment properties
Derived from the South Daytona market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.47%
9.0%
NOI (est.)
$42k *
* 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$649k
Move the market yield to see immediate price impact.
Value / SF
$250
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
5.97%6.47%6.97%
$38k
$633k
$584k
$542k
$42k
$703k
$649k
$602k
$46k
$773k
$713k
$662k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$290k
4.3 mi · Apr 2026 · $137/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,332
Tax year 2023
Assessed value
$215,821
Assessed 2023
Previous assessed
$202,467
+6.6% YoY
Effective rate
2.01%
On assessed value
Assessed land
$56,095
Assessed improvement
$159,726
Land market value
$56,095
Improvement market value
$159,726
Total market value
$215,821
Applied tax rate
401.0000
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
Other investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Sale
Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
1
Total area
2,594 SF
Lot
0.24 ac (10,559 SF)
Zoning code
BR
APN
5333-13-00-0110
UPID
US18-9902388
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
Building & site characteristics
From public records
Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.24 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
BR
Jurisdiction
South Daytona, FL
Recorded code
BR
Ownership Intelligence
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Ownership report
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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