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    Holly Hill Commercial Auto Property Title is generated by Realmo AI

    348 Mason Avenue, Holly Hill, FL 32117

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    For Sale
    $375,000

    COMMERCIAL - Holly Hill, FL

    Property size:
    2,475 SF
    Lot size:
    0.17 Acres
    Price / SF:
    $151/SF
    Added:
    Oct 15, 2025
    Days on Market:
    234
    Last Refresh:
    Jun 5 at 2:06 am

    Property Features for 348 Mason Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    On Street, Open, Garage, Guest, RV
    Standard status
    Active
    APN
    5337-13-02-0030
    Size
    2,475 SF
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    37-15-33 LOT 3 EXC ST & LOT 23 EXC E 25 FT BLK 2 MASON TERRACE HOLLY HILL MB 7 PG 76 MB 20 PG 129 PER OR 4709 PGS 0728-0729 PER OR 5921 PG 4517 PER OR 6176 PG 3306 PER OR 6934 PG 2035 PER OR 7555 PG 1721 PER OR 7930 PG 1458 PER OR 8470 PG 3246
    Tax Annual Amount
    3668

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Cooling system
    Central Air, Attic Fan, Ceiling Fan(s), Window Unit(s), Ductless
    Water source
    Public

    Building Details

    Year built
    1958
    Flooring type
    Concrete
    Building materials
    Block, Brick Veneer
    Roof type
    Tar/Gravel, Mixed, Membrane, Composition

    We can help!

    Listing Contact
    Tom Kaphingst

    Listing agent Tom Kaphingst

    Listing office Adams, Cameron & Co., Realtors 1100 Dunlawton Avenue, Daytona Beach, FL

    Listing date Oct 15, 2025

    MLS# 1218901

    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

    • High‑traffic corner lot location on Mason Avenue with traffic light access
    • Freestanding block building suitable for auto repairs and sales
    • Four overhead doors (3 x 10', 1 x 12') and 3‑phase electric power
    • Existing tenant with a thriving auto mechanic business and interest in renewing the lease until 2027
    • 2,477 SF building with showroom and office space
    • Huge signage opportunity

    Overview

    This commercial property in Holly Hill, Florida, is a freestanding block building suitable for auto repairs and sales. The property is located on a high-traffic corner lot with a traffic light. The building has 2,477 square feet of space and features a showroom and office area. There are four overhead doors, three measuring 10 feet and one measuring 12 feet. The property also has 3-phase electric power. It is situated on a corner lot on Mason Avenue and includes large signage. The property is currently occupied by a thriving auto mechanic business with a lease expiring in 2027, and the tenant is interested in renewing.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $37.1k $15.00
    − Vacancy −$3.8k −$1.55
    EGI $33.3k $13.46
    − OpEx −$10.0k −$4.04
    NOI $23.3k $9.42
    2,475 SF · lease $15.00/SF/yr · vacancy 10.30% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $333.0K
    $291.4K – $388.5K (±1% cap)
    NOI $23,311 @ 7.0% cap · market cap 6.22%
    Second Best
    Industrial
    $210.5K
    $184.2K – $245.6K (±1% cap)
    NOI $14,735 @ 7.0% cap · market cap 3.93%
    Theoretical Best
    Office A
    $729.8K
    $638.6K – $851.4K (±1% cap)
    NOI $51,084 @ 7.0% cap · market cap 13.62%
    Zoning and permitted uses should be independently verified with local authorities.
    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 Pharmacy

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

    Similar Places Nearby

    • Bob Sellers Auto Clinic — 405 N Charles St, Daytona Beach, FL 32114
    • All American Auto Machine — 405 N Charles St, Daytona Beach, FL 32114
    • Subaru Service — Daytona Beach, FL 32114
    • Indian Motorcycle Daytona Beach — 290 N Beach St, Daytona Beach, FL 32114
    • Tech Auto Care — 426 N Segrave St, Daytona Beach, FL 32114

    Location Insight

    • Map
    • Local Demand
    City
    Holly Hill
    County
    Volusia
    State
    Florida
    Longitude
    -81.032887
    Latitude
    29.226148

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    FAQs

    What type of property is this?
    Auto shop - Freestanding building suitable for auto repairs and sales.
    Where is this auto shop located?
    The property is located at 348 Mason Avenue Holly Hill, FL.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: High‑traffic corner lot location on Mason Avenue with traffic light access; Freestanding block building suitable for auto repairs and sales; Four overhead doors (3 x 10', 1 x 12') and 3‑phase electric power
    (386) 299-0909
    We can help!
    Listing Contact
    Tom Kaphingst
    Request Owner's contact information
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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.

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