Property profile

700 Ridgewood Ave Daytona Beach, FL 32114

OFF-MARKET
Outlet malls
Property ID
US18-5528604
6,765 SF 0.94 ac lot Built 1997
Entity Owned 27-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional single-tenant warehouse, located at 700 Ridgewood Avenue, offers 2,366 square feet of immediately available space. The property boasts a convenient roll-up door and a separate entry door, enhancing operational efficiency. Modern amenities include energy-efficient LED lighting and R-40 ceiling insulation, contributing to lower operating costs. Security is ensured with a comprehensive surveillance system. The building's robust construction features concrete tilt-wall construction, concrete driveways and parking areas, and individually metered water and electric services. Benefit from a high-traffic location with over 25,000 vehicles passing daily on Ridgewood Avenue, providing excellent visibility and accessibility. The property sits on a 1.65-acre lot and includes access to 64 parking spaces within the plaza. Digital signage opportunities are also available, offering additional marketing potential. This one-story building, identified by APN 4244-01-16-0120, presents a rare opportunity for businesses seeking a well-maintained, strategically located warehouse space. The total building size is 3,509 square feet, with this unit comprising a significant portion. The property's single-tenant occupancy ensures a streamlined and hassle-free environment.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1997
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,765 SF
Lot 0.94 ac (41,000 SF)
Zoning code BR1
APN 5338-01-11-0050
UPID US18-5528604

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
  • Training Center
  • Cremation Service
  • Church
  • Courier Service Postal Service
  • Auto Parts Store

Location

700 Ridgewood Ave Daytona Beach, FL 32114-2016
Daytona Beach metro Census 81500 DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$980k
Comparable Approach Comparable
$644k
Blend (final) Blend
$335k

Owner & transaction history

Zoning & alternative use

BR1 · Daytona Beach, FL
Zoning description

The purpose of the Business Retail-1 (BR-1) district is to accommodate a wide range of retail sales and service uses (from florists, jewelry stores, and gift shops to department and variety stores, furniture stores, and…

General category CIVIC_INSTITUTIONAL
Top alternative use upside
Medical building $1.3M +32.1%

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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