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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Retail properties & Spaces
3925 Ridgewood Ave Port Orange, FL 32129
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-0576484
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,016 SF
Lot
0.24 ac (10,566 SF)
Zoning code
CC
APN
6303-11-02-0041
UPID
US18-0576484
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$580k
Owner & transaction history
City Of Port Orange · 1 yrs held
City Of Port Orange
since 2024
Last sale
$600,000
5 recorded transactions
Zoning & alternative use
CC · Port Orange, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$895,000
+144.7%
Auto repair, garage
$750,000
+104.3%
Neighborhood: shopping center
$640,000
+74.5%
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 Port Orange submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Port Orange 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
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
$365,000
Current use
WAREHOUSE, STORAGE
$895,000
Change: +145% · Conversion: Difficult
AUTO REPAIR, GARAGE
$750,000
Change: +104% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$640,000
Change: +74% · Conversion: Difficult
MEDICAL BUILDING
$590,000
Change: +61% · Conversion: Difficult
COMMERCIAL (GENERAL)
$530,000
Change: +45% · Conversion: Difficult
RETAIL STORES
$510,000
Change: +39% · Conversion: Difficult
Blend value · Realmo final
$580k
Range $522k – $638k · ±10% · vs last sale $600k (Sep 5 2024)
Last sale anchor
$600k
Sep 5 2024
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
$192 / 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
$2,551
Tax year 2023
Assessed value
$132,253
Assessed 2023
Previous assessed
$118,351
+11.7% YoY
Effective rate
1.93%
On assessed value
Assessed land
$40,151
Assessed improvement
$92,102
Land market value
$40,151
Improvement market value
$92,102
Total market value
$132,253
Applied tax rate
402.0000
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Buildings
2
Stories
1
Bathrooms
1
Total area
3,016 SF
Lot
0.24 ac (10,566 SF)
Zoning code
CC
APN
6303-11-02-0041
UPID
US18-0576484
Jurisdiction
VOLUSIA
Zoning & alternative use
CC · Port Orange, FL
Zoning CC · permitted uses
CC · Port Orange, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Port Orange. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$365,000
WAREHOUSE, STORAGE
Est. value
$895,000
AUTO REPAIR, GARAGE
Est. value
$750,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$640,000
MEDICAL BUILDING
Est. value
$590,000
COMMERCIAL (GENERAL)
Est. value
$530,000
RETAIL STORES
Est. value
$510,000
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Buildings
2
Bathrooms
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
City Of Port Orange
Entity
Mailing address
381 MALLORY STA RD STE #204, FRANKLIN, TN 37067-8264
Ownership since
2024
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
Dec 5, 2024
$600,000
City Of Port Orange
Bristol Port Orange Partners LLC
Warranty Deed
—
Apr 3, 2023
$600,000
Bristol Port Orange Partners LLC
William Charles Winters
Warranty Deed
—
Jul 23, 2021
—
William Charles Winters
William Winters Winters
Intrafamily Transfer
related
—
Jan 30, 2001
$155,000
William C Winters
Turner,lawrence G
Grant Deed
$121,250 · Seller
—
—
William C Winters
—
Deed Of Trust
related
$79,800 · Us Small Business Admn
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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