2900 S Ridgewood Ave Edgewater, FL 32141
Property profile & analytics
2900 S Ridgewood Ave Edgewater, FL 32141
- Commercial land
- 0.65 lot acres
Property ID
US18-7566567
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial land
Property Details for 2900 S Ridgewood Ave
- Lot size
- 0.65 lot acres
- Zone code
- B5
- Property type
- Commercial land
- APN
- 8411-08-00-0031
- APU
- 841108000031
Description
This exceptional investment opportunity presents a newly constructed Popeyes restaurant in Edgewater, Florida. The property boasts a 2,126 square foot building on a 0.65-acre lot, situated on an outparcel of a Publix-anchored shopping center. This prime location on Ridgewood Avenue benefits from high visibility and significant daily traffic, with approximately 22,000 vehicles passing by daily. The strong demographics are further enhanced by a population of over 35,000 residents within a 5-mile radius, exhibiting positive growth trends. The property is offered under an absolute NNN lease, eliminating landlord responsibilities. The lease commenced December 14, 2024, and has a remaining term of 20 years, with attractive annual rent increases of 1.75%. The current Net Operating Income (NOI) is $130,000, resulting in a 5.15% cap rate. The asking price is $2,524,270, translating to a price per square foot of $1,187.33. The lease includes four, 5-year renewal options, providing long-term stability and predictable income. This is an ideal investment for those seeking a low-maintenance, high-return property in a thriving coastal market, conveniently located just 6 miles from New Smyrna Beach and 21 miles from Daytona Beach. The building was constructed in 2024 and enjoys 100% occupancy.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,800,000
- ML approach
- $1,810,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Edgewater
- County
- Volusia
- State
- Florida
- Longitude
- -80.8849
- Latitude
- 28.9496
- CBSA code
- 19660
- CBSA name
- DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,748
$464,063
$0.00
$464,063
-
$464,063
$0.00
$464,063
