New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,135,000
Investment properties
3042 Ridgewood Ave, Edgewater, FL 32141-5903
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US18-5418817
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1986
Construction
WOOD
Total area
33,635 SF
Lot
6.05 ac (263,452 SF)
Zoning code
B4
APN
8411-08-00-0080
UPID
US18-5418817
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
-
24/7 Edgewater Fitness Center Gym & Fitness Center
-
Indoor Jumpy Place Parties & More Arcade & Gaming Center
-
Inflatable Bounce Repair Hardware & Home Improvement General Contractor
-
Edgewater CrossFit Gym & Fitness Center
-
Edge Fit Chiropractic & Yoga Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.93M
Blend (final)
Blend
$3.14M
Owner & transaction history
Hanan Land Co LLC · 10 yrs held
Hanan Land Co LLC
since 2016
5 recorded transactions
Zoning & alternative use
B4 · Edgewater, 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 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.14M
Range $2.82M – $3.45M · ±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
$93 / 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
$19,751
Tax year 2023
Assessed value
$1,431,518
Assessed 2023
Previous assessed
$694,823
+106.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$463,676
Assessed improvement
$967,842
Land market value
$463,676
Improvement market value
$967,842
Total market value
$1,431,518
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
2
Total area
33,635 SF
Lot
6.05 ac (263,452 SF)
Zoning code
B4
APN
8411-08-00-0080
UPID
US18-5418817
Jurisdiction
VOLUSIA
Zoning & alternative use
B4 · Edgewater, FL
Zoning B4 · permitted uses
B4 · 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.
Building & site characteristics
From public records
Year built
1986
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
6.05 ac
Current owner
From public records · entity-resolved
Hanan Land Co LLC
Entity
Mailing address
188 HAZELWOOD RIV RD, EDGEWATER, FL 32141-7220
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2016
$151,000
Hanan Land Co LLC
Hanan,roy T
Warranty Deed
—
Nov 7, 2013
$100
Smithanan Investments LLC
Rollins,patricia A & Patricia A Coc
Trustees Deed
related
—
—
—
Larry W Brinson
—
Deed Of Trust
related
$150,000 · Suntrust Bank NA
—
—
Larry W Brinson
—
Deed Of Trust
related
$317,865 · Suntrust Bank East Central Fl
—
—
Brinson Trust
—
Deed Of Trust
related
$83,000 · Suntrust Bank NA
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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