Turnkey Auto Body Repair
For Sale
$600,000
635 Carswell Avenue, Holly Hill, FL 32117
COMMERCIAL - Holly Hill, FL
Property Size1,984 SF
Lot Size0.26 Acres
Price / SF$302.42
Days on Market51
Property Features for 635 Carswell Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Carport, Parking Lot
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
Wall Unit(s), Ceiling Fan(s)
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: Aug 4
Last Checked: Aug 12 at 12:06AM
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.
635 Carswell Avenue is a turnkey commercial facility designed for auto body and repair operations. The property includes a 3,409-square-foot building with two vehicle lifts, two drive-in bays, a paint booth, and a dedicated paint mixing room, supporting collision and body shop workflows. A flexible interior layout also suits a range of commercial and industrial uses.
The property sits on an 11,600-square-foot lot with ample outdoor space for parking, vehicle storage, and equipment staging. It is located in Holly Hill’s established industrial corridor with convenient access to LPGA Boulevard, Nova Road, US-1, and Interstate 95.
Commercial activities benefit from nearby roadway traffic, with traffic counts along the LPGA Boulevard and Nova Road corridors exceeding 59,000 vehicles per day. Some business assets are included with the sale.
The property sits on an 11,600-square-foot lot with ample outdoor space for parking, vehicle storage, and equipment staging. It is located in Holly Hill’s established industrial corridor with convenient access to LPGA Boulevard, Nova Road, US-1, and Interstate 95.
Commercial activities benefit from nearby roadway traffic, with traffic counts along the LPGA Boulevard and Nova Road corridors exceeding 59,000 vehicles per day. Some business assets are included with the sale.
Key Highlights
- 3,409 SF commercial auto body and repair facility on an 11,600 SF lot
- Equipped with two vehicle lifts and two drive‑in bays for collision and body shop work
- Includes a paint booth and dedicated paint mixing room
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
$18,686
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
3.11%
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%
$373,720
$373.7K
Cap Rate 7%
$266,943
$266.9K
Cap Rate 9%
$207,622
$207.6K
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
$29.8K $15.00/SF
− Vacancy
−$3.1K −$1.55/SF
EGI
$26.7K $13.46/SF
− OpEx
−$8.0K −$4.04/SF
NOI
$18.7K $9.42/SF
Area
Volusia County, FL
Vacancy
10.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$373,720
Cap Rate 7%
$266,943
Cap Rate 9%
$207,622
Alternative Uses
Best Use
Retail
$266.9K
$233.6K – $311.4K
NOI $18,686 @ 7.0% cap · market cap 3.11%
Second Best
Warehouse
$228.0K
$199.5K – $266.0K
NOI $15,957 @ 7.0% cap · market cap 2.66%
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
Property Profile
Current Use
Lease Details
2
Service bays
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road 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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - Auto body and repair building with two vehicle lifts, two drive-in bays, and a paint booth on a paved lot.
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: 3,409 SF commercial auto body and repair facility on an 11,600 SF lot; Equipped with two vehicle lifts and two drive‑in bays for collision and body shop work; Includes a paint booth and dedicated paint mixing room
