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

This property is not currently for sale by Visulate but we may be able to find something similar. Contact us for details.

Welcome to Visulate

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.

Contact us if you want to buy or sell real estate in Daytona Beach:

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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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Volusia County County, Florida

Volusia County is in East Central Florida. The main cities in Volusia County are Deltona (population 85,182), Daytona Beach (population 61,005) and Port Orange (population 56,048)

[Tax Value] [Tax History] [Sales History]
Search County Property Tax and Court Records

Select a county from the list then click on the links to connect to the Property Appraiser or Clerk of Courts website

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%.

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. Great Chicago Steakhouse, LLC (700 S Ridgewood Ave)
  3. Broome Properties, LLC (701 S Ridgewood Ave)
  4. Broome Vision, Inc. (701 S Ridgewood Ave)
  5. Broome Vision Administration LLC (701 South Ridgewood Ave)
  6. Daytona Office LLC (728 South Ridgewood Ave)
  7. Mary Mcleod Bethune Community Center, Inc. (740 S Ridgewood Ave)
  8. Holmes Schoolhouse, LLC (747 Ridgewood Ave #106)
  9. Jeffrey A. Klein, P.A. (747 South Ridgewood Ave)
  10. Organic Ministry Inc (748 S Ridgewood Ave)
  11. Southern Reporting Company (747 South Ridgewood Ave)
  12. Christine Alexis Gay, P.A. (747 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
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.