702 S Ridgewood Ave, Daytona Beach

Usage

State Owned

Address:

702 S Ridgewood Ave
Daytona Beach
FL 32114

Property Size:11,519 sq ft
Year Built:1965
Property Class:B4
Latitude:29.198
Longitude:-81.017

Not Offered for Sale

Our records indicate this property is not currently for sale but we may be able to find something similar. Contact us for details.

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Visulate is a real estate brokerage based in Merrit Island, Florida. We have assembled a database with details of every property in Florida. Finding the property on our site does not necessarily mean it is for sale or rent at this time.

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Volusia County County, Florida

Volusia County is located in the East Central Florida region. Top industries for Volusia County are Education & Health Services, retail trade, leisure & hospitality, and professional & business services. Volusia County is home to Daytona Beach and the Daytona International Speedway, which hosts NASCAR's most prestigious race: The Daytona 500. Daytona Beach also acts as a popular tourist destination.

Top private sector employers include Florida Hospital, Halifax Health, Wal-Mart, Publix Supermarkets, and Embry-Riddle Aeronautical University. Public Sector employers include Volusia County School Board, County of Volusia, Florida State Government, Daytona State College, and US Government. Volusia County cities and towns include Daytona Beach, DeBary, DeLand, Deltona, Holly Hill, New Smyrna Beach, Orange City, Ormond Beach, and Port Orange. ..more

[Tax Value] [Tax History] [Sales History]
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Links

  1. 702 S Ridgewood Ave, Daytona Beach, FL on Google Maps
  2. Daytona Beach, FL Property Values on Trulia
  3. Demographic Data for Zipcode 32114 from City-Data.com
  4. Daytona Beach Demographics from City-Data.com
  5. Phone numbers and opening hours for businesses in the 32114 Zipcode

Owner Details

Companies near this Address

  1. New Birth Worship Center, Inc. (724 South Segrave St)
  2. Organic Ministry Inc (748 S Ridgewood Ave)
  3. Jeffrey A. Klein, P.A. (747 South Ridgewood Ave)
  4. Holmes Schoolhouse, LLC (747 Ridgewood Ave #106)
  5. Mary Mcleod Bethune Community Center, Inc. (740 S Ridgewood Ave)
  6. Daytona Office LLC (728 South Ridgewood Ave)
  7. Great Chicago Steakhouse, LLC (700 S Ridgewood Ave)
  8. Broome Vision Administration LLC (701 South Ridgewood Ave)
  9. Broome Properties, LLC (701 S Ridgewood Ave)
  10. Broome Vision, Inc. (701 S Ridgewood Ave)

Sales History

DateSold BySold ToDeed TypePrice
07/29/2005 Not Recorded Not Recorded Warranty Deed/Special Warranty Deed 720,000.00
02/14/2006 Not Recorded Buyer: 1057372 Warranty Deed/Special Warranty Deed 100.00

Volusia County Real Estate - Daytona Beach

Daytona Beach is in East Central Florida. It's population as recorded in the 2010 Census was 61,005.

The median age for residents of Daytona Beach is 39.8. Around 19.5% of Daytona Beach households include school aged children and 29.8% of households include individuals aged 65 years or over. Census records indicate 57.8% of the Daytona Beach population are White, 35.3% are Black or African American, .3% American Indian, 2.2% Asian and 2.3% are Two or more Races.

There are 33,920 housing units in Daytona Beach. 6,606 (19.4%) of these were reported as vacant in the 2010 Census. Daytona Beach is a tourist destination, 33.7% (2,232) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 17,219 residential rental units in Daytona Beach. 14,731 of them were occupied in 2010 providing a residential rental vacancy rate of 14%.

Daytona Beach links:

Local Household Income

The median household income in this part of Florida is $48,934. The bottom 10% of the population earn less than $14,672 per year. The top 10% earn more than $130,808 per year. The top 1% earn more than $454,243 per year. Most renters earn between $23,760 (20th percentile) and $37,404 (80th percentile) per year.

Source: US Census American Community Survey - 2007-2011 ACS 5-year PUMS estimates

Local Rents

The median monthly rent in this part of Florida is $826. Most renters earn between $1,980 and $3,117 per month. They typically spend 36% of their monthly income on rent. Most rents fall in the $595 (20th percentile) to $1,091 (80th percentile) range. The residential vacancy rate is 5%.

Estimated Value: 702 S Ridgewood Ave

Market Data

In 2013 class A state owned properties in Daytona Beach sold for $48.64 to 48.64 per sq ft with a median price per sq ft of $48.64. Class B properties sold for $48.65 to 48.63 per sq ft with a median of $48.64 and class C properties sold for $48.64 to 48.64 per sq ft with a median of $48.64.

Market Valuation

702 S Ridgewood Ave appears to be a B Class property. Suggested value: $560,284

HighMedianLow
Value560,169 560,284 560,399

Income Valuation - Triple Net Lease

Visulate estimates the income value of this property is $1,877,586. Details of how we produced this estimate value appear below:

The following table shows a income valuation estimate for 702 S Ridgewood Ave. Download a spreadsheet or click on the Estimate Cashflow link to change its estimates and assumptions. Alternatively, click on the Save button to upload a copy of the spreadsheet to Google Drive.

Net lease values for maintenance, property tax, utilities and insurance shown below are calculated as a percentage of the full amount based on the vacancy percentage.

Amount
Monthly Rent12,623
Annual Rent per Sq Ft13.15
Gross Annual Rent151,475
Vacancies and Bad Debt8%
Vacancies and Bad Debt Amount12,118
Maintenance479
HOA, Utilities and CAM0
Property Taxes979
Insurance894
Management Fees5,574
NOI131,431
Cap Rate7
Estimated Value1,877,586
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Disclaimers and Disclosures

Public Records Data

The information on this page was compiled from public records. It is deemed reliable but not guaranteed to be an accurate snapshot of the property details at the time the snapshot was taken. All information should be independently verified.

The Visulate site was produced from data and information compiled from recorded documents and/or outside public and private sources. Visulate is not the custodian of public records and does not assume responsibility for errors or omissions in the data it displays or for its misuse by any individual.

In the event of either error or omission, Visulate and any 3rd party data provider shall be held harmless from any damages arising from the use of records displayed on the site.