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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Investment properties
606 Ridgewood Ave, Edgewater, FL 32132-1624
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US19-0606182
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,440 SF
Lot
0.42 ac (18,360 SF)
Zoning code
B5
APN
7450-09-01-0020
UPID
US19-0606182
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
-
Salty Dog Car Wash - Flex Service Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$615k
CAP Approach
CAP
$465k
Comparable Approach
Comparable
$579k
Blend (final)
Blend
$625k
Owner & transaction history
606 North Ridgewood LLC · 2 yrs held
606 North Ridgewood LLC
since 2023
Last sale
$625,000
4 recorded transactions
Zoning & alternative use
B5 · Edgewater, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$605,000
+40.9%
Medical building
$455,000
+5.5%
Neighborhood: shopping center
$435,000
+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 Edgewater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Edgewater 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
$680,000
ML approach
$615,000
CAP Approach
CAP Return
Estimation
6%
$500,000
6.5%
$465,000
7%
$430,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$430,000
Current use
AUTO REPAIR, GARAGE
$605,000
Change: +41% · Conversion: Difficult
MEDICAL BUILDING
$455,000
Change: +5% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$435,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$430,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $625k (Aug 14 2023)
Last sale anchor
$625k
Aug 14 2023
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
$256 / 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
$6,207
Tax year 2023
Assessed value
$326,722
Assessed 2023
Previous assessed
$299,575
+9.1% YoY
Effective rate
1.90%
On assessed value
Assessed land
$100,980
Assessed improvement
$225,742
Land market value
$100,980
Improvement market value
$225,742
Total market value
$326,722
Applied tax rate
604.0000
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
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
2
Total area
2,440 SF
Lot
0.42 ac (18,360 SF)
Zoning code
B5
APN
7450-09-01-0020
UPID
US19-0606182
Jurisdiction
VOLUSIA
Zoning & alternative use
B5 · Edgewater, FL
Zoning B5 · permitted uses
B5 · Edgewater, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Edgewater. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$430,000
AUTO REPAIR, GARAGE
Est. value
$605,000
MEDICAL BUILDING
Est. value
$455,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$435,000
RETAIL STORES
Est. value
$430,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.42 ac
Current owner
From public records · entity-resolved
606 North Ridgewood LLC
Entity
Mailing address
1012 LK AVE, EDGEWATER, FL 32132-2135
Ownership since
2023
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
Aug 14, 2023
$625,000
606 North Ridgewood LLC
Linda S Ringle
Warranty Deed
$900,000 · Michael W Carey Etal
Jun 6, 2013
$332,000
James L Ringle
Suntrust Bk
Grant Deed
—
Dec 26, 2012
$359,034
Suntrust Bk
Palm Auto Wash LLC
Deed In Lieu Of Foreclosure
—
Jan 4, 2006
$700,000
Palm Auto Wash LLC
Palm Auto Wash INC
Corporation Deed
$420,000 · Suntrust 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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