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    258 Riverside Drive Holly Hill, FL 32117

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    For Sale
    $599,000

    COMMERCIAL - Holly Hill, FL

    Type:Retail
    Property size:
    3,174 SF
    Lot size:
    0.56 Acres
    Added:
    Jul 14, 2025
    Days on Market:
    276
    Last Refresh:
    Apr 15 at 3:06 am

    Property Features for 258 Riverside Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Parking features
    Guest, Off Street, Parking Lot
    Standard status
    Active
    APN
    4244-01-26-0170
    Size
    3,174 SF
    Lot size
    0.56 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    37-15-33 N 60 FT OF LOT 17 EXC W 150 FT & INC E 69 FT OF W 279 FT LOT 18 BLK 26 MASON & CARSWELLS HOLLY HILL MB 2 PG 90 MB 12 PGS 3-4 & ADJ LAND W OF RD PER OR 4193 PG 0122 PER OR 5415 PG 0058 PER OR 7645 PG 4483 PER OR 7695 PG 4348
    Tax Annual Amount
    7565

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1976
    Building materials
    Block, Stucco

    We can help!

    Listing Contact
    Beau Warren
    Beau Warren

    Listing agent Beau Warren License #SL3207370

    Listing office Realty Pros Assured 900 W Granada Blvd Ste 3, Ormond Beach, FL

    Listing date Jul 14, 2025

    MLS# 1215599

    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.

    Overview

    Commercial Property with Catering Kitchen

    This commercial property is located on a high-visibility corner lot in Volusia County. The property includes two standalone buildings, totaling over 3,100 square feet. The primary structure spans approximately 2,300 square feet and is currently used as a catering operation. The layout includes a reception area, waiting room, a private office, and a fully equipped commercial kitchen. Key features include a walk-in cooler and multiple wall-mounted refrigeration units. The secondary building offers an additional 850+ square feet and includes a kitchenette and bathroom. The property has pole signage for exposure, multiple access points, and on-site parking. The property sits on a 0.56-acre lot. The property has the potential to incorporate a drive-thru. The property is suited for ancillary business use, office space, or potential rental income.
    Property Profile Insight Report 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 Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Daycare Center Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Holly Hill
    County
    Volusia
    State
    Florida
    Longitude
    -81.0584
    Latitude
    29.2334

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    FAQs

    What type of property is this?
    Commercial kitchen - Versatile commercial property with two buildings and catering kitchen.
    Where is this commercial kitchen located?
    The property is located at 258 Riverside Drive Holly Hill, FL.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: High‑visibility corner lot in the heart of Volusia County.; Two standalone buildings totaling over 3,100 sq ft, offering exceptional flexibility.; **Primary 2,300 sq ft building includes a fully equipped commercial kitchen with a substantial walk‑in cooler and multiple refrigeration units.**
    (386) 589-5754
    We can help!
    Listing Contact
    Beau Warren
    Beau Warren
    Real Estate License ID: SL3207370
    Learn More
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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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