Technical
Financial
Distress signals
Property profile

4770 Ridgewood Ave Port Orange, FL 32127

OFF-MARKET
Investment properties
Property ID
US18-3714348
5,240 SF 0.6 ac lot Built 1983
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 5,000 square foot office building, situated on a 0.59-acre lot (APN 63031030090), presents a unique investment opportunity. Originally constructed in the early 1980s, the building boasts a solid block construction and ample parking, a significant advantage in this desirable location. Its prime position along Ridgewood Avenue in Port Orange's Riverwalk corridor offers excellent visibility and accessibility. The building's convenient location is directly across from the Port Orange Adult Community Center, ensuring high foot traffic and a strong presence within the community. The property features a single tenant occupancy, currently configured as a 2,200 square foot former medical office. This space includes a welcoming lobby, a dedicated reception area, a functional kitchen, six exam rooms, and three private bathrooms, providing a versatile layout adaptable to various professional uses. The remaining 2,800 square feet offers significant potential for expansion or customization to suit specific business needs. The building's solid construction and desirable location make it an attractive investment for both owner-occupiers and investors seeking a stable, high-demand property in a thriving area. This is a rare opportunity to acquire a well-established building in a highly sought-after location. The property's size and layout offer flexibility for a variety of businesses, making it an ideal investment for long-term growth and profitability.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1983
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,240 SF
Lot 0.6 ac (25,920 SF)
Zoning code HC
APN 6303-13-03-0090
UPID US18-3714348

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Pediatrician Physician
  • Alternative Medicine Practice Spa & Massage Center
  • Church
  • Title Company
  • Physician

Location

4770 Ridgewood Ave Port Orange, FL 32127-4544
Port Orange metro Census 82511 DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$425k
CAP Approach CAP
by Request
Comparable Approach Comparable
$601k
Blend (final) Blend
$540k

Owner & transaction history

since 2021
Last sale
$475,000
2 recorded transactions
2021
$475,000
1969
Price N/A

Zoning & alternative use

HC · Port Orange, FL
Zoning description

The highway commercial (HC) district is intended to provide for highway oriented businesses, regional scale facilities, and those retail uses that are undesirable in close proximity to residential areas

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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