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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Bars & Pubs
3411 Ridgewood Ave Edgewater, FL 32141-7228
Entity Owned
~
Est. High Equity
Property ID
US18-1871300
Property summary
AI-generated overview
This exceptional Edgewater, Florida restaurant and real estate offering presents a lucrative investment opportunity. Boasting a 2,044 square foot building on a 1.3-acre lot, this established business generated $1.4 million in gross income with positive cash flow in 2024. The property includes a valuable 4COP liquor license, indoor and outdoor bars, pool tables, over 15 TVs, and a fenced outdoor area perfect for live music and events. Built in 1955 and renovated in 2018, the single-story Class B building sits on a major thoroughfare, close to the ocean, in a high-growth residential area with a loyal customer base. The trained staff is included in the sale. The property is zoned B-4W and offers an owner-operator opportunity. This turnkey operation is being sold as a sole ownership and is 100% occupied. The asking price is $1,750,000, representing $856.16 per square foot. Don't miss this chance to acquire a thriving business with significant upside potential.
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1955
Construction
WOOD
Total area
2,044 SF
Lot
1.3 ac (56,700 SF)
Zoning code
B4
APN
8412-06-00-0011
UPID
US18-1871300
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
-
Tailgatorz Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$794k
Blend (final)
Blend
$645k
Owner & transaction history
Grjk Holdings LLC
Grjk Holdings LLC
since 2025
Last sale
$650,000
6 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
$600,000
ML approach
$530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$645k
Range $581k – $710k · ±10% · vs last sale $650k (May 7 2025)
Last sale anchor
$650k
May 7 2025
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
$316 / 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
$4,643
Tax year 2023
Assessed value
$250,274
Assessed 2023
Previous assessed
$234,663
+6.7% YoY
Effective rate
1.86%
On assessed value
Assessed land
$99,225
Assessed improvement
$151,049
Land market value
$99,225
Improvement market value
$151,049
Total market value
$250,274
Applied tax rate
600.0000
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1955
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
2
Total area
2,044 SF
Lot
1.3 ac (56,700 SF)
Zoning code
B4
APN
8412-06-00-0011
UPID
US18-1871300
Jurisdiction
VOLUSIA
Zoning & alternative use
B4 · Edgewater, FLZoning B4 · permitted uses
B4 · Edgewater, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1955
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
1.3 ac
Current owner
From public records · entity-resolved
Grjk Holdings LLC
Entity
Mailing address
3023 SILVER PALM DR, EDGEWATER, FL 32141-6001
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2025
$650,000
Grjk Holdings LLC
Cd Guiler LLC
Warranty Deed
$1,225,000 · American Momentum Bank
Aug 17, 2023
$600,000
Cd Guiler LLC
Jj22 LLC
Warranty Deed
$300,000 · Space Coast Cu
Mar 25, 2014
$120,000
Jj22 LLC
Thrashers Sports Bar & Grill
Warranty Deed
—
Jul 12, 2010
$250,000
Thrashers Sports Bar & Grill INC
Fidelity Bank Of Florida NA
Warranty Deed
$150,000 · Fidelity Bank Of Florida NA
Apr 22, 2010
—
Fidelity Bk Of Fl
Cowart,larry J Coc
Trustees Deed
related
—
Apr 20, 2006
$525,000
Larry J Cowart
Grey Wolf Of Volusia County INC
Warranty Deed
$320,000 · Fidelity Bank Of Florida 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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