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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Medical Office Space
701 Ridgewood Ave Daytona Beach, FL 32114-5331
Entity Owned
18-yr Hold
Free & Clear
Property ID
US19-0406516
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1994
Construction
WOOD
Total area
6,000 SF
Lot
1.43 ac (62,450 SF)
Zoning code
T2
APN
5339-03-65-0010
UPID
US19-0406516
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
-
Nicholas J. Toffoli, OD Physician
-
Neurologix Diagnostic Services Medical Clinic
-
El Sabor Latino Restaurant
-
Liberty Tax Accounting Firm Tax Preparation
-
GERALD R DEPUTY Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$711k
Blend (final)
Blend
$920k
Owner & transaction history
Broome Properties LLC · 18 yrs held
Broome Properties LLC
since 2007
1 recorded transaction
Zoning & alternative use
T2 · Daytona Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.5M
+27.0%
Restaurant
$1.3M
+9.7%
Neighborhood: shopping center
$1.3M
+8.5%
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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,175,000
Current use
AUTO REPAIR, GARAGE
$1,490,000
Change: +27% · Conversion: Difficult
RESTAURANT
$1,290,000
Change: +10% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,275,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±10%
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
$153 / 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
$14,148
Tax year 2023
Assessed value
$789,482
Assessed 2023
Previous assessed
$717,318
+10.1% YoY
Effective rate
1.79%
On assessed value
Assessed land
$218,575
Assessed improvement
$570,907
Land market value
$218,575
Improvement market value
$570,907
Total market value
$789,482
Applied tax rate
204.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1994
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
4
Total area
6,000 SF
Lot
1.43 ac (62,450 SF)
Zoning code
T2
APN
5339-03-65-0010
UPID
US19-0406516
Jurisdiction
VOLUSIA
Zoning & alternative use
T2 · Daytona Beach, FLZoning T2 · permitted uses
T2 · Daytona Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.5M
RESTAURANT
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
1994
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
4
Lot
1.43 ac
Current owner
From public records · entity-resolved
Broome Properties LLC
Entity
Free & Clear · 18 yrs held
Mailing address
701 S RIDGEWOOD AVE, DAYTONA BEACH, FL 32114-5331
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2007
—
Broome Properties LLC
Broome,frank A JR & Brenda
Quit Claim Deed
—
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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