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Property profile & analytics
OFF-MARKET
Individual retail properties
414 Ridgewood Ave Edgewater, FL 32132-1654
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-9623345
Property profile
Verified
Property type
Individual retail properties
Use group
DRY CLEANER
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
732 SF
Lot
0.04 ac (1,600 SF)
Zoning code
MH1A
APN
7450-01-00-0161
UPID
US18-9623345
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
-
Seahorse Mobile Home Park Campground & RV Park
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
Seahorse Mhp LLC · 1 yrs held
Seahorse Mhp LLC
since 2025
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
MH1A · 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
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
$22,567
Tax year 2023
Assessed value
$1,071,334
Assessed 2023
Previous assessed
$1,186,619
-9.7% YoY
Effective rate
2.11%
On assessed value
Assessed land
$993,600
Assessed improvement
$77,734
Land market value
$993,600
Improvement market value
$77,734
Total market value
$1,071,334
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
Individual retail properties
Use group
DRY CLEANER
Status
Off-Market
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Bathrooms
2
Total area
732 SF
Lot
0.04 ac (1,600 SF)
Zoning code
MH1A
APN
7450-01-00-0161
UPID
US18-9623345
Jurisdiction
VOLUSIA
Zoning & alternative use
MH1A · Edgewater, FL
Zoning MH1A · permitted uses
MH1A · 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
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Bathrooms
2
Lot
0.04 ac
Current owner
From public records · entity-resolved
Seahorse Mhp LLC
Entity
Mailing address
1155 S POWER RD STE 114STE114, MESA, AZ 85206-3715
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2025
—
Seahorse Mhc LLC
—
Deed
related
$2,422,700 · Five Star Bank
Jan 29, 2025
$1,860,000
Seahorse Mhp LLC
Seahorse Mhp LLC
Special Warranty Deed
—
Sep 9, 2021
$1,259,500
Seahorse Mhp LLC
Seahorse Mobile Home Park LLC
Warranty Deed
$1,120,000 · Vast Bank NA
Nov 17, 2004
—
Seahorse Mobile Home Park LLC
Glover,stephen S
Quit Claim Deed
related
—
Jul 19, 2004
$800,000
Stephen S Glover
South,vivian
Warranty Deed
—
Oct 7, 2002
$809,000
Vivian South
Bro & Sisters INC
Grant Deed
—
—
—
Seahorse Mobile Home Park LLC
—
Deed Of Trust
related
$775,000 · Stephen S & Jane F Glover
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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