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    468 Ridgewood Ave Holly Hill, FL 32117

    View on Map
    Sponsored
    For Sale
    $1,200,000

    MULTI_FAMILY - Holly Hill, FL

    Property size:
    12,518 SF
    Lot size:
    1.03 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 26 at 3:06 pm

    Property Features for 468 Ridgewood Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 4, Bathroom 7, Bedroom 3, Bathroom 5, Bathroom 3, Bathroom 4, Bathroom 8, Bathroom 9, Bathroom 6, Bedroom 1, Bedroom 5, Bedroom 2, Bathroom 1, Bathroom 2
    Bedrooms
    5
    Bathrooms
    9
    APN
    4244-01-22-0310
    Parking features
    Garage, Guest, Driveway, Gated, Secured, Off Street, RV, Assigned, Parking Lot
    Fencing
    Chain Link, Fenced
    Appliances
    Tankless Water Heater, Refrigerator, Microwave, Instant Hot Water, Electric Water Heater, Electric Oven
    Size
    12,518 SF
    Lot size
    1.03 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating), Hot Water(Heating)
    Cooling system
    Multi Units, Window Unit(s), Electric, Varies by Unit, Separate Meters, Central Air, Wall/Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1947
    Floors in Building
    2
    Number of units
    12
    Flooring type
    Carpet, Laminate, Tile
    Building materials
    Block, Stucco
    Roof type
    Metal
    Additional Structures
    Workshop

    We can help!

    Listing Contact
    Sean Hurley
    Sean Hurley

    Oceans Luxury Realty Full Service LLC

    Listing agent Sean Hurley

    Listing date Mar 25, 2026

    MLS# 1215168

    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.

    Learn more

    Property Insight Report

    Overview

    Mixed-Use Property in Holly Hill

    This mixed-use commercial property is located in Holly Hill's redevelopment zone. The CC1 zoned property features 150 feet of frontage along US1 and spans 1.03 acres. The property comprises three stand-alone block buildings totaling over 12,000 sq ft, all featuring new galvanized metal roofs installed in 2014 and 2017. Building 1 is a two-story structure of approximately 10,250 sq ft with two commercial units, seven storage units, an owner's suite, and four unfinished units. It has been upgraded with two new HVAC units and four mini-split systems. Building 2 is around 1,420 sq ft and contains three residential units: two studio apartments and one one-bedroom apartment. Building 3 is a 640 sq ft one-bedroom residential unit. A half-acre fenced rear lot is currently used for RV, boat, and trailer storage. The property is located 4 miles from Halifax Hospital, Daytona International Airport, Daytona International Speedway, Daytona State College/UCF, and Embry Riddle, with easy access to the Beachside A1A Corridor (5 miles), I-95 (6 miles), and I-4 (8 miles). The property's location and layout make it suitable for commercial, residential, or mixed-use development projects.
    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 Hair Salon Nail Salon Gym & Fitness Center Building Supply Pharmacy Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Holly Hill
    County
    Volusia
    State
    Florida
    Longitude
    -81.035734
    Latitude
    29.233634

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property in redevelopment area with income and growth potential.
    Where is this mixed-use property located?
    The property is located at 468 Ridgewood Ave Holly Hill, FL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Prime location in Holly Hill's redevelopment area with **150 feet of frontage on US1 and 1.03 acres**, offering high visibility and development potential.; - Mixed-use CC1 zoning allows for versatile commercial, residential, or mixed-use development projects.; - Three stand-alone block buildings totaling over 12,000 sq ft, providing flexible spaces for various uses.
    (386) 566-6031
    Request Owner's contact information
    468 Ridgewood Ave Holly Hill, FL 32117
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    Holly Hill, FL 32117
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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
    468 Ridgewood Ave Holly Hill, FL 32117
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    Sean Hurley
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