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1615 Ridgewood Ave
9,706 SF 99% Leased Office Building Holly Hill, FL 32117 $950,000 ($98/SF) 7% Cap Rate
Investment Highlights
- Multi-Tenant
- Centrally Located
- High Traffic
Executive Summary
LED Lighting & Surveillance Systems. These are mostly small office spaces set up just for a place to go. Inexpensive and many long term tenants. 2 Individual Buildings located on high traffic Ridgewood Ave (US HWY 1) centrally located for easy access.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$106,428
|
$10.97
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$106,428
|
$10.97
|
| Taxes |
$10,253
|
$1.06
|
| Operating Expenses |
$30,722
|
$3.17
|
| Total Expenses |
$40,975
|
$4.22
|
| Net Operating Income |
$65,453
|
$6.74
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $106,428 |
| Annual Per SF | $10.97 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $106,428 |
| Annual Per SF | $10.97 |
| Taxes | |
|---|---|
| Annual | $10,253 |
| Annual Per SF | $1.06 |
| Operating Expenses | |
|---|---|
| Annual | $30,722 |
| Annual Per SF | $3.17 |
| Total Expenses | |
|---|---|
| Annual | $40,975 |
| Annual Per SF | $4.22 |
| Net Operating Income | |
|---|---|
| Annual | $65,453 |
| Annual Per SF | $6.74 |
Property Facts
Amenities
- Bus Line
- Central Heating
- Partitioned Offices
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Mini Office Spaces for Lease. Owner pays all utilities. These are Gross Leases. Office Space(s) are Turn-Key. Carpet, Flooring & Paint. LED Lighting & Surveillance Systems. These are mostly small office spaces set up just for a place to go. Inexpensive and many long term tenants. 2 Individual Buildings located on high traffic Ridgewood Ave (US HWY 1) centrally located for easy access. Spaces Available are subject to change: Building 1615 Unit 108 $425 monthly (12 x12) Building 1617 Unit E 207 $550 monthly (16 x 10) 1617 Unit F 211 $375 monthly (12 x 10) 1617 Unit F 212 $425 monthly (16 x 10) 1617 Unit F 213 $410 monthly (13 x 10)
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste 108 | 144 SF | Office | Full Build-Out | Now |
2nd Fl-Ste 108
| Size |
| 144 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 108
| Size | 144 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Mini Office Spaces for Lease. Owner pays all utilities. These are Gross Leases. Office Space(s) are Turn-Key. Carpet, Flooring & Paint. LED Lighting & Surveillance Systems. These are mostly small office spaces set up just for a place to go. Inexpensive and many long term tenants. 2 Individual Buildings located on high traffic Ridgewood Ave (US HWY 1) centrally located for easy access. Spaces Available are subject to change: Building 1615 Unit 108 $425 monthly (12 x12) Building 1617 Unit E 207 $550 monthly (16 x 10) 1617 Unit F 211 $375 monthly (12 x 10) 1617 Unit F 212 $425 monthly (16 x 10) 1617 Unit F 213 $410 monthly (13 x 10)
PROPERTY TAXES
| Parcel Number | 4242-20-09-0080 | Total Assessment | $541,935 (2024) |
| Land Assessment | $86,320 (2024) | Annual Taxes | $10,253 ($1.06/SF) |
| Improvements Assessment | $455,615 (2024) | Tax Year | 2023 |
PROPERTY TAXES
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1615 Ridgewood Ave
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