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Property profile & analytics
OFF-MARKET
Estimated value
$3,500,000
Community centers
700 Ridgewood Ave Daytona Beach, FL 32117-3648
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-3866166
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2014
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,155 SF
Lot
1.65 ac (71,700 SF)
Zoning code
B4
APN
4244-01-16-0120
UPID
US18-3866166
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
-
Enforcement MMA Training Center
-
Atlantis Cremation Cremation Service
-
Kingdom Family Church of Daytona Church
-
UPS Access Point location Courier Service Postal Service
-
Advance Auto Parts Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.50M
CAP Approach
CAP
$2.37M
Comparable Approach
Comparable
$4.53M
Blend (final)
Blend
$3.50M
Owner & transaction history
Monticelli Investments INC · 2 yrs held
Monticelli Investments INC
since 2024
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
B4 · Daytona Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.5M
+17.1%
Restaurant
$2.2M
+1.2%
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 Daytona Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Daytona Beach 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
$3,500,000
ML approach
$3,500,000
CAP Approach
CAP Return
Estimation
6%
$2,570,000
6.5%
$2,370,000
7%
$2,205,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,155,000
Current use
AUTO REPAIR, GARAGE
$2,525,000
Change: +17% · Conversion: Difficult
RESTAURANT
$2,180,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$3.50M
Range $3.15M – $3.85M · ±10% · vs last sale $3.50M (May 7 2024)
Last sale anchor
$3.50M
May 7 2024
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
$345 / 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
$40,850
Tax year 2023
Assessed value
$2,115,792
Assessed 2023
Previous assessed
$2,115,792
+0.0% YoY
Effective rate
1.93%
On assessed value
Assessed land
$344,160
Assessed improvement
$1,771,632
Land market value
$344,160
Improvement market value
$1,771,632
Total market value
$2,115,792
Applied tax rate
203.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2014
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Bathrooms
7
Total area
10,155 SF
Lot
1.65 ac (71,700 SF)
Zoning code
B4
APN
4244-01-16-0120
UPID
US18-3866166
Jurisdiction
VOLUSIA
Zoning & alternative use
B4 · Daytona Beach, FL
Zoning B4 · permitted uses
B4 · Daytona Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Daytona Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.5M
RESTAURANT
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
RESTAURANT
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
2014
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
7
Lot
1.65 ac
Current owner
From public records · entity-resolved
Monticelli Investments INC
Entity
Mailing address
1620 STATE AVE303-30, HOLLY HILL, FL 32117-5418
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2024
$3,500,000
Monticelli Investments INC
Int Teta LLC
Warranty Deed
$12,886 · Int Teta LLC
Dec 24, 2019
—
Int-teta LLC
Isidoro N Teta
Quit Claim Deed
related
—
Jul 19, 2019
$100
Isidoro N Teta
Teta,brittany A
Quit Claim Deed
related
—
Jun 17, 2019
$100
Isidoro N Teta
Year Isidoro N T 2003 Trust
Quit Claim Deed
related
—
Apr 25, 2018
—
Kingdom Life Now INC
—
Deed
related
$82,000 · Us Small Busn Admn
Dec 2, 2016
$585,000
Kingdom Life Now INC
Great Chicago Steakhouse LLC
Warranty Deed
$543,600 · Great Chicago Steakhouse LLC
Feb 20, 2004
—
Teta,tr
Name INC
Quit Claim Deed
related
—
—
—
Anthony Teta
—
Deed Of Trust
related
$91,845 · First Union National 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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