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Property profile & analytics
OFF-MARKET
Estimated value
$18,595,000
Community centers
2970 Ridgewood Ave, Edgewater, FL 32141-7527
Entity Owned
25-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4179806
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
72,226 SF
Lot
9.29 ac (404,569 SF)
Zoning code
B5
APN
8411-08-00-0030
UPID
US18-4179806
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
-
Publix Pharmacy at Edgewater Commons Pharmacy
-
higi Physician
-
Publix Super Market at Edgewater Commons Specialty Food Shop Supermarket
-
Amerigas Propane Exchange Propane Supplier
-
Bus Depot Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$16.88M
Comparable Approach
Comparable
$22.08M
Blend (final)
Blend
$18.60M
Owner & transaction history
3050 Holdings LLC
3050 Holdings LLC
2 recorded transactions
Zoning & alternative use
B5 · Edgewater, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$25.8M
+99.5%
Auto repair, garage
$17.9M
+38.8%
Medical building
$13.4M
+3.9%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$18,280,000
6.5%
$16,875,000
7%
$15,670,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$12,930,000
Current use
RESTAURANT
$25,795,000
Change: +99% · Conversion: Difficult
AUTO REPAIR, GARAGE
$17,945,000
Change: +39% · Conversion: Difficult
MEDICAL BUILDING
$13,435,000
Change: +4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$13,260,000
Change: +3% · Conversion: Easy
RETAIL STORES
$12,740,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$18.60M
Range $16.74M – $20.45M · ±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
$257 / 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
$111,227
Tax year 2023
Assessed value
$5,773,712
Assessed 2023
Previous assessed
$5,355,019
+7.8% YoY
Effective rate
1.93%
On assessed value
Assessed land
$1,820,561
Assessed improvement
$3,953,151
Land market value
$1,820,561
Improvement market value
$3,953,151
Total market value
$5,773,712
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
22
Total area
72,226 SF
Lot
9.29 ac (404,569 SF)
Zoning code
B5
APN
8411-08-00-0030
UPID
US18-4179806
Jurisdiction
VOLUSIA
Zoning & alternative use
B5 · Edgewater, FL
Zoning B5 · permitted uses
B5 · 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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$12.9M
RESTAURANT
Est. value
$25.8M
AUTO REPAIR, GARAGE
Est. value
$17.9M
MEDICAL BUILDING
Est. value
$13.4M
COMMERCIAL (GENERAL)
Est. value
$13.3M
RETAIL STORES
Est. value
$12.7M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
22
Lot
9.29 ac
Current owner
From public records · entity-resolved
3050 Holdings LLC
Entity
Mailing address
2250 SW 3RD AVE STE #500, MIAMI, FL 33129-2067
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
3050 Holdings LLC
—
Loan Modification
related
$4,700,000 · City Nat'l Bk/fl
—
—
3050 Holdings LLC
—
Deed Of Trust
related
$2,868,825 · Bear Stearns Commercial Mtg
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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