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    Distribution Center with Roll-Up Doors Title is generated by Realmo AI

    1516 State Avenue, Holly Hill, FL 32117

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    Picture of Warehouses at 1516 State Avenue, Holly Hill, FL
    For Lease
    $833/Mo $0.14 SF/Yr (calc)

    COMMERCIAL - Holly Hill, FL

    Property size:
    73,000 SF
    Lot size:
    79,000.00 Acres
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 10:06 pm

    Property Features for 1516 State Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    424220360070
    Size
    73,000 SF
    Lot size
    79,000.00 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Description
    N 12 FT OF LOT 6 & LOTS 7 TO 12 & S 15 FT OF LOT 13 BLK W & LOTS 7 TO 12 & S 15 FT OF LOT 13 & INC S 15 FT OF LOT 26 & L OTS 27 TO 32 BLK X & ADJ PART OF VAC SERENA ST RIO VISTA SEC
    Tax Annual Amount
    33000

    Building Details

    Year built
    1998

    We can help!

    Listing Contact
    Holly Booth

    Listing agent Holly Booth License #3540789

    Listing office Coldwell Banker Commercial Benchmark 570 Memorial Cir Suite 300, Ormond Beach, FL

    Listing date Jun 2, 2026

    MLS# 1227154

    Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Built in 1998; approx. 1.82 acres with over 33,000 SF of industrial space
    • Multi‑building warehouse/industrial complex at the Daytona Commerce Center with flexible warehouse configurations
    • Grade‑level roll‑up doors and approx. 18‑foot clear heights
    • Ample parking and maneuvering areas, plus a recently improved site
    • All units delivered with new floor coating, new paint, and LED lighting
    • NNN estimated at $4.50

    Overview

    1516 State Avenue is part of the Daytona Commerce Center, a multi-building warehouse and industrial complex offering flexible warehouse configurations. The facility includes grade-level roll-up doors and approximately 18-foot clear heights. Interior improvements include newly delivered floor coating, new paint, and LED lighting, along with a recently improved site and ample parking and maneuvering areas designed to support day-to-day industrial operations.

    The property is positioned in the heart of Holly Hill’s industrial corridor, with access to both US-1 and Interstate 95. It sits on approximately 1.82 acres and includes over 33,000 square feet of industrial space, providing room for industrial, contractor, storage, manufacturing, and distribution users within a larger distribution-oriented campus setting.

    For tenants seeking functional, move-in-ready warehouse space, the combination of roll-up access, practical clear height, and recently updated building finishes can help support a wide range of logistics and light manufacturing workflows. The property’s location also supports efficient regional connectivity between Orlando and Jacksonville, while the NNN estimated at $4.50 provides a predictable operating-cost framework for qualified users.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Peninsula Stor All — 1501 Pine Ave, Holly Hill, FL 32117
    • Treasure Chest Self Storage — 1530 Pine Ave, Holly Hill, FL 32117
    • Real Time Relocation — 433 Walker St Unit 4 B, Daytona Beach, FL 32117
    • Great Outdoor Storage — 360 Walker St, Holly Hill, FL 32117

    Location Insight

    • Map
    • Local Demand
    City
    Holly Hill
    County
    Volusia
    State
    Florida
    Longitude
    -81.047926
    Latitude
    29.252737

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    FAQs

    What type of property is this?
    Warehouse - Flexible industrial space with 18-foot clear height, newly improved finishes, and grade-level roll-up access for a range of logistics uses.
    Where is this warehouse located?
    The property is located at 1516 State Avenue Holly Hill, FL.
    What is the lease rate?
    The lease rate is $833 /Mo.
    What are key features of this property?
    This property features: Built in 1998; approx. 1.82 acres with over 33,000 SF of industrial space; Multi‑building warehouse/industrial complex at the Daytona Commerce Center with flexible warehouse configurations; Grade‑level roll‑up doors and approx. 18‑foot clear heights
    (678) 898-2721
    We can help!
    Listing Contact
    Holly Booth
    Real Estate License ID: 3540789
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    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
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