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    Property profile & analytics

    613 Ridgewood Ave Edgewater, FL 32132

    • Turn key restaurants
    • 1,485 SF
    • 0.16 lot acres
    For Sale
    View listing
    $625,000
    Value Estimation
    Last Sale
    Feb 26, 2024
    $565,000
    Location Intelligence
    Property ID
    US18-0295817
    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

    • Turn key restaurants

    Property Details for 613 Ridgewood Ave

    Year built
    1961
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.16 lot acres
    Property size
    1,485 SF
    Zone code
    B3
    Property type
    Turn key restaurants
    APN
    7450-05-00-0290
    APU
    745005000290

    Description

    This exceptional commercial property, situated at 613 N Ridgewood Avenue in Edgewater, Florida, presents a unique investment opportunity. Boasting a prime location on busy US Highway 1, directly on the city line between New Smyrna Beach and Edgewater, this 0.14-acre lot benefits from an impressive average daily traffic count of 27,500 vehicles (based on 2022 FDOT statistics). The property's B-3 Highway Commercial zoning allows for a wide range of business uses, offering significant flexibility for potential buyers. Previously operating as a successful restaurant, the property is being sold "as-is" and includes existing inventory. This inventory encompasses a comprehensive commercial kitchen setup, featuring a gas stove/burners, griddle, fryers, three deep freezers, three coolers, a 500-pound ice machine, and ample prep tables. The existing furniture and fixtures are also included in the sale, providing a head start for new ventures. This property's high visibility, substantial traffic flow, and versatile zoning make it an ideal location for a variety of commercial enterprises. The asking price is $625,000. Don't miss this chance to acquire a well-positioned commercial property with significant potential.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $565,000

    • CAP approach

      CAP return
      Estimation
      6%
      $625,000
      6.5%
      $590,000
      7%
      $580,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $580,000
      Geo Method
      $530,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $680,000
      Retail
      $605,000
      Mixed-Use
      $580,000
      Hospitality
      $530,000
      Educational
      $685,000
      Residential Income
      $540,000
      Energy
      $635,000
      Income-Based Land
      $610,000
      Food Service
      $600,000

    Location Insight

    • Map
    • Local Demand
    City
    Edgewater
    County
    Volusia
    State
    Florida
    Longitude
    -80.9136
    Latitude
    29.004
    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
    $4,340
    $101,063
    $135,866
    $236,929
    -
    $101,063
    $135,866
    $236,929

    Comparable in this City

    • Value Estimation
      $155,000
      1,200 SF

      132 Park Ave Ste, Unit 10

      RESTAURANT • 1,200 SF
      132 Park Ave Ste, Edgewater, FL 32132-1719
      View Details
    • Value Estimation
      $260,000
      3,128 SF

      1501 Ridgewood Ave

      RESTAURANT • 3,128 SF
      1501 Ridgewood Ave, Edgewater, FL 32132-3609
      View Details
    • Value Estimation by Request
      5,688 SF

      1208 Ridgewood Ave

      RESTAURANT • 5,688 SF
      1208 Ridgewood Ave, Edgewater, FL 32132-2716
      View Details
    • Value Estimation
      $260,000
      2,400 SF

      1401 Ridgewood Ave Ste, Unit 1

      RESTAURANT • 2,400 SF
      1401 Ridgewood Ave Ste, Edgewater, FL 32132-2736
      View Details
    • Value Estimation
      $405,000
      874 SF

      1020 Ridgewood Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 874 SF
      1020 Ridgewood Ave, Edgewater, FL 32132-2333
      View Details
    • Value Estimation
      $115,000
      1,200 SF

      132 Park Ave Ste, Unit 2

      BAR, TAVERN • 1,200 SF
      132 Park Ave Ste, Edgewater, FL 32132-1719
      View Details

    Similar Nearby for Sale

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    • $449,000
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    • $489,000
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      WHICH ALSO HAS DRIVE THRU\/AROUND CAPABILITY. THE PROPERTY IS LOCATED UPON THE WELL TRAVELLED U.S. HWY 1 WITH AADT OF 28

      000+ WITH BOTH EXCELLENT VISIBILITY AND SIGNAGE IN PLACE. THE PROPERTY IS ZONED B-3 HIGHWAY\/COMMERCIAL
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    • New
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      Profitable Dual-Business Opportunity in Edgewater

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    Similar Nearby for Lease

    • $13,200 /Mo

      Spacious Light Industrial Bay

      Light industrial bay with roll-up doors and ample lighting.
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      Office Space in Prime Location

      Office spaces available in a well-located, freestanding building.
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    • $90,000
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    613 Ridgewood Ave
    Edgewater, FL 32132
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    Realmo Value Estimation

    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.

    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.

    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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