Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    720 Ridgewood Ave Daytona Beach, FL 32114-2016

    • Retail properties & Spaces
    • 1,632 SF
    • 0.21 lot acres
    OFF-MARKET
    Last Sale
    Oct 24, 2024
    $470,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-9971682
    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

    • Robs auto service / Auto Repair Shop

    Property Details for 720 Ridgewood Ave

    Year built
    1948
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.21 lot acres
    Property size
    1,632 SF
    Property type
    Retail properties & Spaces
    APN
    5338-10-00-0010
    APU
    533810000010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.0302
    Latitude
    29.2241
    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
    $1,423
    $30,150
    $49,248
    $79,398
    -
    $30,150
    $49,248
    $79,398

    Comparable in this City

    • Value Estimation by Request
      28,075 SF

      2254 International Speedway Blvd

      Restaurants • 28,075 SF
      2254 International Speedway Blvd, Daytona Beach, FL 32114
      View Details
    • Value Estimation by Request
      1,519 SF

      1604 Illinois St

      Amusement parks • 1,519 SF
      1604 Illinois St, Daytona Beach, FL 32114
      View Details
    • Value Estimation by Request
      1,600 SF

      328 Segrave St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,600 SF
      328 Segrave St, Daytona Beach, FL 32114-3143
      View Details
    • Value Estimation by Request
      2,090 SF

      240 Walnut St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,090 SF
      240 Walnut St, Daytona Beach, FL 32114-3182
      View Details
    • Value Estimation by Request
      392 SF

      344 Dr Martin Luther King Jr Blvd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 392 SF
      344 Dr Martin Luther King Jr Blvd, Daytona Beach, FL 32114-4820
      View Details
    • Value Estimation by Request
      1,700 SF

      Volusia County Subway Franchise For Sale Earning Nearly $100 000

      Restaurants • 1,700 SF
      0 Volusia County Subway Franchise For Sale Earning Nearly $100 000, Daytona Beach, FL 32114
      View Details

    Similar Nearby for Sale

    • $1,900,000
      6,066 SF

      Daytona Beach Commercial Opportunity

      Prime commercial location between Speedway and Beach in Daytona Beach.
      613 W International Speedway Blvd, Daytona Beach, FL 32114
      View Details
    • $4,950,000

      Daytona Beach Mixed-Use Investment

      Prime location, redevelopment opportunity.
      510 Ballough Rd, Daytona Beach, FL 32114
      View Details
    • $599,000
      3,100 SF

      214 N Beach Street

      Bars & Pubs • 3,100 SF
      214 Beach St, Daytona Beach, FL 32114
      View Details
    • $399,000
      848 SF

      Daytona Beach Commercial Opportunity

      High-visibility location suitable for office, retail, or restaurant.
      825 N Ridgewood Ave, Daytona Beach, FL 32114
      View Details
    • $4,950,000
      7,240 SF

      Daytona Beach Mixed-Use Property

      7,240 SF Warehouse/Office, Prime Location
      540 Ballough Rd, Daytona Beach, FL 32114
      View Details
    • $1,775,000

      117 Michigan Ave

      Distribution centers
      117 Michigan Ave, Daytona Beach, FL 32114
      View Details

    Similar Nearby for Lease

    • $0.05 SF/Yr
      5,625 SF

      Daytona Beach Commercial Warehouse

      Move-in ready warehouse & office space.
      518 Fentress Blvd, Daytona Beach, FL 32114
      View Details
    • Contact for pricing

      Midtown Redevelopment Retail Space

      Retail spaces available in Midtown Redevelopment area.
      104-292 N Nova Rd, Daytona Beach, FL 32114
      View Details
    • $3,500 /Mo
      350 SF

      Restaurant Space on Beach Approach

      Restaurant space for lease with patio directly on the beach.
      817-825 E International Speedway Blvd, Daytona Beach, FL 32114
      View Details
    • $4,449 /Mo
      2,214 SF

      Daytona Beach Restaurant Opportunity

      Second generation restaurant space available for lease in Daytona Beach.
      747 W Intl Speedway Blvd, Daytona Beach, FL 32114
      View Details
    • Contact for pricing
      44,216 SF

      Daytona Beach Retail Space For Lease

      Prime Retail, Multiple Units Available
      1808 International Speedway Blvd, Daytona Beach, FL 32114
      View Details
    • $8,333 /Mo
      5,000 SF

      Daytona Beach Restaurant Space Available

      Restaurant space with Intracoastal Waterway views and outdoor dining.
      861 Ballough Rd, Daytona Beach, FL 32114
      View Details

    Property Visit Statistics

    • Visits by month
      3.3k
    • Visitors by month
      2.4k
    • Avg Time on site
      12 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    720 Ridgewood Ave
    Daytona Beach, FL 32114-2016
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!