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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Investment properties
4240 Ridgewood Ave Ste 3 Port Orange, FL 32127-4561
Entity Owned
3-yr Hold
Property ID
US18-6022767
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,186 SF
Lot
0.07 ac (3,186 SF)
APN
6341-11-00-0030
UPID
US18-6022767
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
$465k
CAP Approach
CAP
$605k
Comparable Approach
Comparable
$682k
Blend (final)
Blend
$515k
Owner & transaction history
Allied Search Partners INC · 3 yrs held
Allied Search Partners INC
since 2022
Last sale
$525,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$790,000
+38.0%
Warehouse, storage
$730,000
+27.1%
Neighborhood: shopping center
$675,000
+17.9%
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
$480,000
ML approach
$465,000
CAP Approach
CAP Return
Estimation
6%
$655,000
6.5%
$605,000
7%
$560,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$575,000
Current use
AUTO REPAIR, GARAGE
$790,000
Change: +38% · Conversion: Difficult
WAREHOUSE, STORAGE
$730,000
Change: +27% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$675,000
Change: +18% · Conversion: Difficult
MEDICAL BUILDING
$625,000
Change: +9% · Conversion: Easy
RETAIL STORES
$540,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$515k
Range $533k – $544k · vs last sale $525k (Sep 23 2022)
Last sale anchor
$525k
Sep 23 2022
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
$162 / 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
$8,075
Tax year 2023
Assessed value
$446,281
Assessed 2023
Previous assessed
$375,688
+18.8% YoY
Effective rate
1.81%
On assessed value
Assessed land
$92,394
Assessed improvement
$353,887
Land market value
$92,394
Improvement market value
$353,887
Total market value
$446,281
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Total area
3,186 SF
Lot
0.07 ac (3,186 SF)
APN
6341-11-00-0030
UPID
US18-6022767
Jurisdiction
VOLUSIA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$575,000
AUTO REPAIR, GARAGE
Est. value
$790,000
WAREHOUSE, STORAGE
Est. value
$730,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$675,000
MEDICAL BUILDING
Est. value
$625,000
RETAIL STORES
Est. value
$540,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Allied Search Partners INC
Entity
Mailing address
4240 S RIDGEWOOD AVE STE #3, PORT ORANGE, FL 32127-4561
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2022
$525,000
Allied Search Partners INC
Forsyth Road Investors LLC
Warranty Deed
$735,000 · Velocity Commercial Capital LLC
Jan 24, 2020
—
Forsyth Road Investors LLC
United Engineering Cnslts INC
Correction Deed
—
Sep 10, 2019
$184,000
United Engineering Cnslts INC
Forsyth Read Investors LLC
Correction Deed
related
—
Aug 21, 2019
$184,000
United Engineering Consultants INC
Forsyth Road Investors LLC
Warranty Deed
$147,200 · Seacoast National Bank
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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