702 S Ridgewood Ave, Daytona Beach

702 S Ridgewood Ave is a 19,304 sq ft State Owned in Daytona Beach. It was built in 1965. In 2014 similar properties sold for between $862,310 and $1,461,506. We estimate the income value of 702 S Ridgewood Ave at $2,068,829. The assumptions we used to calculate this value are include in the spreadsheet linked below. Daytona Beach is in Volusia County County, Florida.

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702 S Ridgewood Ave Property Summary

702 S Ridgewood Ave
Daytona Beach
FL 32114

Property Size:19,304 sq ft
Year Built:1965
Property Class:B4
Lat, Long: 29.198, -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.

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Estimated Value: 702 S Ridgewood Ave

Market Data

In 2014 class A state owned properties in Daytona Beach sold for $75.72 to 102.53 per sq ft with a median price per sq ft of $79.44. Class B properties sold for $44.67 to 75.71 per sq ft with a median of $66.56 and class C properties sold for $28.85 to 44.66 per sq ft with a median of $34.92.

Market Valuation

702 S Ridgewood Ave appears to be a B Class property. Suggested value: $1,284,874

HighMedianLow
Value1,461,506 1,284,874 862,310

Income Valuation - Triple Net Lease

Visulate estimates the income value of this property is $2,068,829. 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 Rent15,427
Annual Rent per Sq Ft9.59
Gross Annual Rent185,125
Vacancies and Bad Debt15%
Vacancies and Bad Debt Amount27,769
Maintenance1,506
HOA, Utilities and CAM0
Property Taxes1,929
Insurance2,809
Management Fees6,294
NOI144,818
Cap Rate7
Estimated Value2,068,829
Edit Values and Estimate Cashflow Estimate Cashflow
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Page 1 of 2. Click on the Estimate Cashflow link to navigate to Page 2.

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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 $48,648. The bottom 10% of the population earn less than $14,553 per year. The top 10% earn more than $130,517 per year. The top 1% earn more than $463,732 per year. Most renters earn between $23,592 (20th percentile) and $36,996 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $97,296 and $121,620.

Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates

Local Rents

The median monthly rent in this part of Florida is $835. Most renters earn between $1,966 and $3,083 per month. They typically spend 37% of their monthly income on rent. Most rents fall in the $605 (20th percentile) to $1,097 (80th percentile) range. The residential vacancy rate is 5%.

Links

  1. 702 S Ridgewood Ave, Daytona Beach, FL on Google Maps
  2. 702 S Ridgewood Ave Walkscore
  3. Daytona Beach, FL Property Values on Trulia
  4. Search for EPA and DEP Cleanup Sites

Owner Details

Companies near this Address

  1. New Birth Worship Center, Inc. (724 South Segrave St)
  2. Broome Vision Administration LLC (701 South Ridgewood Ave)
  3. Daytona Office LLC (728 South Ridgewood Ave)
  4. Jeffrey A. Klein, P.A. (747 South Ridgewood Ave)
  5. Holmes Schoolhouse, LLC (747 Ridgewood Ave #106)
  6. Southern Reporting Company (747 South Ridgewood Ave)
  7. Sandman Law Office, Pllc (747 S Ridgewood Ave)
  8. Christine Alexis Gay, P.A. (747 S Ridgewood Ave)
  9. Chicago Steakhouse LLC (700 S Ridgewood Ave)
  10. Mary Mcleod Bethune Community Center, Inc. (740 S Ridgewood Ave)
  11. The Seagrave Law Office, Pllc (747 South Ridgewood Ave)
  12. Organic Ministry Inc (748 S Ridgewood Ave)
  13. Broome Properties, LLC (701 S Ridgewood Ave)
  14. 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
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.