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Property profile & analytics
FOR LEASE
Medical Office Space
3113 Ridgewood Ave, South Daytona, FL 32119-3547
Entity Owned
7-yr Hold
Free & Clear
Property ID
US18-9564895
For Lease
1 / 23
$2,700/Mo
3113 Ridgewood Ave, South Daytona, FL 32119-3547
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Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2000
Construction
WOOD
Total area
1,520 SF
Lot
0.36 ac (15,625 SF)
Zoning code
BR
APN
5334-07-00-0044
UPID
US18-9564895
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Venetian Apartment Homes LLC · 7 yrs held
Venetian Apartment Homes LLC
since 2018
7 recorded transactions
Zoning & alternative use
BR · South Daytona, 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 South Daytona submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Daytona 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,269
Tax year 2023
Assessed value
$212,673
Assessed 2023
Previous assessed
$196,686
+8.1% YoY
Effective rate
2.01%
On assessed value
Assessed land
$53,125
Assessed improvement
$159,548
Land market value
$53,125
Improvement market value
$159,548
Total market value
$212,673
Applied tax rate
401.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
2000
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
2
Total area
1,520 SF
Lot
0.36 ac (15,625 SF)
Zoning code
BR
APN
5334-07-00-0044
UPID
US18-9564895
Jurisdiction
VOLUSIA
Zoning & alternative use
BR · South Daytona, FL
Zoning BR · permitted uses
BR · South Daytona, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Daytona. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2000
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.36 ac
Current owner
From public records · entity-resolved
Venetian Apartment Homes LLC
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX 290367, PORT ORANGE, FL 32129-0367
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2018
$398,000
Venetian Apartment Homes LLC
Gingras,john P & John
Warranty Deed
—
Nov 8, 2018
$100
John Gingras
Gingras,michelle
Warranty Deed
related
—
Sep 28, 2018
—
Venetian Apartment Homes LLC
Fiano,valentino R & Paula E
Quit Claim Deed
related
—
Sep 19, 2014
—
John Gingras
Gingras,michelle
Quit Claim Deed
related
—
Jun 16, 2011
—
Sven Investments LLC
—
Deed Of Trust
related
$2,000,000 · Flagler Bank
Jan 19, 2011
$45,000
Sven Investments LLC
Malaga Investments LLC
Quit Claim Deed
related
—
May 16, 2007
—
John P Gingras
Gingras,frank E JR & Pamela S
Quit Claim Deed
related
—
Jul 21, 2006
$4,250,000
Malaga Investments LLC
Gingras,frank E JR & Pamela S
Warranty Deed
—
Jul 21, 2006
—
Gingras,frank E JR & Pamela S
Gingras,frank E JR & Pamela S
Quit Claim Deed
related
—
Oct 6, 1998
—
Frank E Gingras
Gysbers Trust
Quit Claim Deed
related
$135,000 · Southtrust Mortgage Corp
—
—
Malaga Investments LLC
—
Deed Of Trust
related
$3,000,000 · First Nat'l Bk/pa
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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