Property profile

2970 Ridgewood Ave Edgewater, FL 32141

OFF-MARKET
Community centers
Property ID
US18-4179806
72,226 SF 9.29 ac lot Built 1992
Entity Owned 25-yr Hold Absentee Owner ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Pharmacy
  • Physician
  • Specialty Food Shop Supermarket
  • Propane Supplier
  • Freight Service Logistics Company

Location

2970 Ridgewood Ave Edgewater, FL 32141-7527
Edgewater metro Census 83005 DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA
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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

2 recorded transactions
1969
Price N/A
1969
Price N/A

Zoning & alternative use

B5 · Edgewater, FL
Top alternative use upside
Restaurant $25.8M +99.5%
Auto repair, garage $17.9M +38.8%
Medical building $13.4M +3.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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