Auto Repair Facility with Paint
For Sale
$600,000
635 Carswell Avenue, Holly Hill, FL 32117
Commercial Sale, Holly Hill, FL
Property Size3,409 SF
Lot Size0.26 Acres
Price / SF$302.42
Days on Market96
Property Features for 635 Carswell Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Parking Lot, Carport
Security features
Security
Fencing
Fenced
Lot features
Corner Lot, Easement Access
Directions
Located just off Ridgewood and Sixth street
Subdivision
35 - Mason to LPGA E of 95
Standard status
Active
APN
5337-01-00-0350
Size
1,984 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
37-15-33 LOTS 34 & 35 PINE CREST HOLLY HILL MB 6 PG 56 MB 11 PG 136 PER OR 4832 PG 2271 PER OR 6928 PG 2685 PER OR 7619 PG 3656 PER OR 8535 PG 3208
Tax Annual Amount
3336
Legal Description
37-15-33 LOTS 34 & 35 PINE CREST HOLLY HILL MB 6 PG 56 MB 11 PG 136 PER OR 4832 PG 2271 PER OR 6928 PG 2685 PER OR 7619 PG 3656 PER OR 8535 PG 3208
Utilities
Cooling system
Ceiling Fan(s), Wall Unit(s)
Amenities
paint booth
paint mixing room
Building Details
Year built
1965
Flooring type
Concrete
Roof type
Shingle
Listing Agency:
Realty Pros Commercial
(386) 253-8565
Listed By:
Briana Quinones
(386) 295-6855
Added: Jun 23
Changed: Sep 12
Last Checked: Sep 26 at 3:06PM
MLS# 1227865
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.
Investment Insights
Based on property information with market context.
This automotive service property includes two vehicle lifts, two drive-in bays, a paint booth, and a separate paint mixing room. The improvements support auto repair, collision work, and body shop operations, with a flexible configuration suited to commercial or industrial use. Concrete flooring, wall-unit cooling, ceiling fans, a fenced perimeter, carport, and parking lot are also in place. The building dates to 1965 and has a shingle roof.
Access is provided to LPGA Boulevard, Nova Road, US-1, and Interstate 95, connecting the property with Volusia County. Traffic volumes along the LPGA Boulevard and Nova Road corridors exceed 59,000 vehicles per day. Some business assets are included with the sale.
Access is provided to LPGA Boulevard, Nova Road, US-1, and Interstate 95, connecting the property with Volusia County. Traffic volumes along the LPGA Boulevard and Nova Road corridors exceed 59,000 vehicles per day. Some business assets are included with the sale.
Key Highlights
- Two vehicle lifts and two drive‑in bays
- Paint booth with dedicated paint mixing room
- Concrete flooring, wall‑unit cooling, and ceiling fans
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,372
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$447,440
$447.4K
Cap Rate 7%
$319,600
$319.6K
Cap Rate 9%
$248,578
$248.6K
Market Conditions
NOI Build-Up for 1,984 SF
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.
Gross rent
$37.6K $18.96/SF
− Vacancy
−$3.2K −$1.61/SF
EGI
$34.4K $17.35/SF
− OpEx
−$12.0K −$6.07/SF
NOI
$22.4K $11.28/SF
Area
Volusia County, FL
Vacancy
8.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$447,440
Cap Rate 7%
$319,600
Cap Rate 9%
$248,578
Alternative Uses
Best Use
Flex RnD
$319.6K
$279.7K – $372.9K
NOI $22,372 @ 7.0% cap · market cap 3.73%
Second Best
Retail
$266.9K
$233.6K – $311.4K
NOI $18,686 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$585.0K
$511.9K – $682.5K
NOI $40,950 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Drive-in doors
2
Service bays
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
810
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32117, FL
28,223
Population
14,392
Households
2
Avg Household Size
43
Median Age
21%
College-Educated
90%
High-School Grad
12.0 sq mi
ZIP Area
2,352
Density / Sq Mi
$52,132
Median Household Income
$32,189
Median Earnings
$1,392
Median Rent
$175,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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- Big L Tires & Auto Service — 556 Mason Ave, Daytona Beach, FL 32117
- GF Auto & Truck Service — 524 Mason Ave, Daytona Beach, FL 32117
Frequently Asked Questions
What type of property is this?
Auto shop - Equipped automotive service property with drive-in access, vehicle lifts, and outdoor operational space.
Where is this auto shop located?
The property is located at 635 Carswell Avenue Holly Hill, FL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Two vehicle lifts and two drive‑in bays; Paint booth with dedicated paint mixing room; Concrete flooring, wall‑unit cooling, and ceiling fans
