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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5121 Ridgewood Ave Port Orange, FL 32127

    • Bars
    • 860 SF
    • 2.40 lot acres
    OFF-MARKET
    Value Estimations
    $285,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-8472404
    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

    • Bars

    Property Details for 5121 Ridgewood Ave

    Year built
    1946
    Construction
    WOOD
    Lot size
    2.40 lot acres
    Property size
    860 SF
    Property type
    Bars
    Property subtype
    Pubs
    APN
    6310-35-00-0050
    APU
    631035000050

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $260,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $311,000
      Market price range: $77.1k - $312k
      AI Estimate
      $208,000
      Market price range: $49.0k - $209k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $185,000
      Current use
      AUTO REPAIR, GARAGE
      $215,000
      Change: +16% Conversion: Difficult
      WAREHOUSE, STORAGE
      $195,000
      Change: +7% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $180,000
      Change: -1% Conversion: Difficult
      MEDICAL BUILDING
      $170,000
      Change: -9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Orange
    County
    Volusia
    State
    Florida
    Longitude
    -80.9792
    Latitude
    29.1287
    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
    $19,108
    $119,296
    $984,328
    $1,103,624
    -
    $119,296
    $984,328
    $1,103,624

    Comparable in this City

    • Value Estimation by Request
      4,852 SF

      6292 Ridgewood Ave

      Individual retail properties • 4,852 SF
      6292 Ridgewood Ave, Port Orange, FL 32127
      View Details
    • Value Estimation
      $190,000
      480 SF

      5218 Ridgewood Ave

      BAR, TAVERN • 480 SF
      5218 Ridgewood Ave, Port Orange, FL 32127
      View Details
    • Value Estimation
      $1,750,000
      7,210 SF

      5236 Ridgewood Ave

      BAR, TAVERN • 7,210 SF
      5236 Ridgewood Ave, Port Orange, FL 32127-5125
      View Details
    • Value Estimation
      $200,000
      838 SF

      5812 Ridgewood Ave

      BAR, TAVERN • 838 SF
      5812 Ridgewood Ave, Port Orange, FL 32127-6443
      View Details
    • Value Estimation
      $195,000
      1,019 SF

      5395 Ridgewood Ave

      BAR, TAVERN • 1,019 SF
      5395 Ridgewood Ave, Port Orange, FL 32127-5633
      View Details
    • Value Estimation
      $295,000
      1,652 SF

      5934 Ridgewood Ave

      BAR, TAVERN • 1,652 SF
      5934 Ridgewood Ave, Port Orange, FL 32127-6802
      View Details

    Similar Nearby for Sale

    • $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
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    • $1,200,000
      4,852 SF

      Port Orange Mixed-Use Investment

      Waterfront property, high potential.
      6292 Ridgewood Ave, Port Orange, FL 32127
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    • New
      $50,000
      2,479 SF

      Port Orange Sports Bar Opportunity

      Established sports bar with full liquor license and indoor/outdoor seating.
      5901 S Ridgewood Ave, Port Orange, FL 32127
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    • $2,620,744
      2,846 SF

      KFC Restaurant For Sale

      2,846 SF KFC with long-term NNN lease.
      1035 Dunlawton Ave, Port Orange, FL 32127
      View Details
    • $4,224,500
      7,242 SF

      Port Orange NNN Restaurant

      NNN leased restaurant property in Port Orange, Florida.
      1078 Dunlawton Ave, Port Orange, FL 32127
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    • $850,000

      High-Traffic Retail Investment Opportunity

      Income-producing retail property with development potential on US Hwy 1.
      5840 S Ridgewood Ave, Port Orange, FL 32127
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    Similar Nearby for Lease

    • $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
    • Contact for pricing
      2,500 SF

      Retail Spaces in Port Orange

      Retail spaces available in neighborhood center with high visibility.
      4096 S Ridgewood Ave, Port Orange, FL 32127
      View Details
    • Contact for pricing
      8,400 SF

      Retail Space in Port Orange

      Retail spaces available in neighborhood center with high traffic.
      4030-4090 S Ridgewood 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
    • $14 SF/Yr
      10,075 SF

      Port Orange Flex Space For Lease

      Modern flex space, 10,075 sqft, divisible.
      4441 Eastport Park Way, Port Orange, FL 32127
      View Details
    • $16 SF/Yr
      18,000 SF

      Prime Volusia County Warehouse

      18,000 SF Warehouse, Immediate Occupancy
      4610 Clyde Morris Blvd, Port Orange, FL 32127
      View Details
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    5121 Ridgewood Ave
    Port Orange, FL 32127
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    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
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