Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4770 Ridgewood Ave Port Orange, FL 32127

    • Investment properties
    • 5,240 SF
    • 0.60 lot acres
    For Lease
    View listing
    $8 SF/Yr
    Last Sale
    Jan 05, 2021
    $475,000
    Value Estimations
    $500,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3714348
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Investment properties

    Property Details for 4770 Ridgewood Ave

    Year built
    1983
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.60 lot acres
    Property size
    5,240 SF
    Zone code
    HC
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    6303-13-03-0090
    APU
    630313030090

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $540,000
      ML approach
      $425,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $600,000
      Market price range: $333k - $955k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Port Orange
    County
    Volusia
    State
    Florida
    Longitude
    -80.9843
    Latitude
    29.1355
    CBSA code
    19660
    CBSA name
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,530
    $79,834
    $469,530
    $549,364
    -
    $79,834
    $469,530
    $549,364

    Comparable in this City

    • Value Estimation
      $835,000
      4,672 SF

      5800 Victoria Gdns Blvd

      STORE/OFFICE (MIXED USE) • 4,672 SF
      5800 Victoria Gdns Blvd, Port Orange, FL 32127-7977
      View Details
    • Value Estimation
      $1,000,000
      3,908 SF

      51 Dunlawton Ave

      STORE/OFFICE (MIXED USE) • 3,908 SF
      51 Dunlawton Ave, Port Orange, FL 32127-4611
      View Details
    • Value Estimation
      $1,050,000
      6,113 SF

      640 Dunlawton Ave

      STORE/OFFICE (MIXED USE) • 6,113 SF
      640 Dunlawton Ave, Port Orange, FL 32127-4341
      View Details
    • Value Estimation
      $995,000
      5,608 SF

      4940 Peninsula Dr

      STORE/OFFICE (MIXED USE) • 5,608 SF
      4940 Peninsula Dr, Ponce Inlet, FL 32127-7312
      View Details
    • Value Estimation
      $975,000
      5,466 SF

      5131 Ridgewood Ave

      STORE/OFFICE (MIXED USE) • 5,466 SF
      5131 Ridgewood Ave, Port Orange, FL 32127-5167
      View Details
    • Value Estimation by Request
      1,800 SF

      796 Sanders Rd Ste, Unit 6

      STORE/OFFICE (MIXED USE) • 1,800 SF
      796 Sanders Rd Ste, Port Orange, FL 32127-4232
      View Details

    Similar Nearby for Sale

    • $1,200,000
      4,852 SF

      Port Orange Mixed-Use Investment

      Waterfront property, high potential.
      6292 Ridgewood Ave, Port Orange, FL 32127
      View Details
    • $2,750,000
      10,788 SF

      55 Inlet Harbor Road, Ponce Inlet, FL 32127

      Restaurants • 10,788 SF
      55 Inlt Hbr Rd, Ponce Inlet, FL 32127
      View Details
    • $999,000

      Prime Port Orange Commercial Land

      54,014 sq ft Mixed-Use Lot, $999,000
      1736 Dunlawton Ave, Port Orange, FL 32127
      View Details
    • $549,000
      4,311 SF

      Mixed-Use Income Property, Port Orange

      Mixed-use property with five income-producing units in desirable Port Orange.
      417 Oak Pl, Port Orange, FL 32127
      View Details
    • $1,400,000

      Riverfront 7-Unit Income Property

      Seven-unit Airbnb, waterfront oasis, high ROI.
      5202 Riverside Dr, Port Orange, FL 32127
      View Details
    • $399,900

      Ponce Inlet Commercial Land - $399,900

      Prime .66-acre commercial lot, ready to build.
      4516 Peninsula Dr, Ponce Inlet, FL 32127
      View Details

    Similar Nearby for Lease

    • $1,795 /Mo
      1,200 SF

      Ponce Inlet Mixed-Use Property

      Mixed-use property in Ponce Inlet with retail space available for lease.
      4604 S Atlantic Ave, Daytona Beach, FL 32127
      View Details
    • $14 SF/Yr
      2,800 SF

      Port Orange Medical Office Condo

      2800 SF Office Condo for Lease
      3890 Turtle Creek Dr, Port Orange, FL 32127
      View Details
    • $45 SF/Yr
      15,827 SF

      Retail Space in Gateway Center

      Prime retail location with Dunlawton Avenue frontage and high visibility.
      1781 Dunlawton Ave, Port Orange, FL 32127
      View Details
    • $1,700 /Mo
      1,350 SF

      Versatile Warehouse Space Available

      Adaptable commercial space near Intracoastal Waterway, ideal for various businesses.
      4610 S Ridgewood Ave, Port Orange, FL 32127
      View Details
    • $865 /Mo
      Pending

      Port Orange Office Space Available

      Small office space for rent in Port Orange, Florida.
      4393 S Ridgewood Ave, Port Orange, FL 32127
      View Details
    • $12 SF/Yr
      19,500 SF

      Port Orange Industrial Flex Space

      Two buildings, 19,500 SF available.
      601 Lemon St, Port Orange, FL 32127
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4770 Ridgewood Ave
    Port Orange, FL 32127
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.