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Property profile & analytics
OFF-MARKET
Estimated value
$805,000
Retail space
415 Ridgewood Ave Daytona Beach, FL 32117-4421
Entity Owned
~
Est. High Equity
Property ID
US19-0640384
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,740 SF
Lot
0.47 ac (20,500 SF)
Zoning code
B4
APN
5337-33-02-0030
UPID
US19-0640384
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
-
Spas Etc of Daytona Inc. Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$975k
Comparable Approach
Comparable
$708k
Blend (final)
Blend
$805k
Owner & transaction history
415 21 Ridgewood LLC
415 21 Ridgewood LLC
since 2025
Last sale
$900,000
3 recorded transactions
Zoning & alternative use
B4 · Daytona Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.3M
+66.3%
Commercial (general)
$1.3M
+65.8%
Industrial (general)
$805,000
+1.5%
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 Daytona Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Daytona Beach 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%
$1,060,000
6.5%
$975,000
7%
$905,000
Alternative Use
Use
Estimation
RETAIL STORES
$795,000
Current use
MEDICAL BUILDING
$1,320,000
Change: +66% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,315,000
Change: +66% · Conversion: Easy
INDUSTRIAL (GENERAL)
$805,000
Change: +2% · Conversion: Difficult
WAREHOUSE, STORAGE
$780,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$805k
Range $725k – $886k · ±10% · vs last sale $900k (Jul 22 2025)
Last sale anchor
$900k
Jul 22 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
$119 / 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
$8,764
Tax year 2023
Assessed value
$443,859
Assessed 2023
Previous assessed
$407,333
+9.0% YoY
Effective rate
1.97%
On assessed value
Assessed land
$86,100
Assessed improvement
$357,759
Land market value
$86,100
Improvement market value
$357,759
Total market value
$443,859
Applied tax rate
203.0000
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
4
Total area
6,740 SF
Lot
0.47 ac (20,500 SF)
Zoning code
B4
APN
5337-33-02-0030
UPID
US19-0640384
Jurisdiction
VOLUSIA
Zoning & alternative use
B4 · Daytona Beach, FL
Zoning B4 · permitted uses
B4 · Daytona Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Daytona Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$795,000
MEDICAL BUILDING
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.3M
INDUSTRIAL (GENERAL)
Est. value
$805,000
WAREHOUSE, STORAGE
Est. value
$780,000
RETAIL STORES Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
4
Lot
0.47 ac
Current owner
From public records · entity-resolved
415 21 Ridgewood LLC
Entity
Mailing address
421 RIDGEWOOD AVE, HOLLY HILL, FL 32117-4421
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2025
$900,000
415 21 Ridgewood LLC
Carlaron INC
Warranty Deed
$1,412,000 · The Huntington National Bank
Oct 4, 2007
$620,000
Carlaron INC
Saboungi Investments LLC
Warranty Deed
$310,000 · Suntrust Bank
Jun 19, 2006
—
Saboungi Investments LLC
Saboungi,mahmoud
Quit Claim Deed
—
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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