Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    724 State Avenue Holly Hill, FL 32117

    View on Map
    Claim this Listing
    For Sale
    $35,000

    LAND - Holly Hill, FL

    Lot size:
    0.13 Acres
    Added:
    Aug 20, 2025
    Days on Market:
    244
    Last Refresh:
    Apr 20 at 3:06 pm

    Property Features for 724 State Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    533701000690
    Lot size
    0.13 Acres

    Taxes and HOA fees

    Tax Description
    LOT 69 PINE CREST HOLLY HILL MB 6 PG 56 PER OR 2839 PG 1094 PER OR 5485 PG 3623 PER OR 7693 PG 0278 PER OR 7735 PG 2340 PER OR 7751 4716 PER OR 8579 PG 3704

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Jessica Pettit

    Listing agent Jessica Pettit

    Listing office Real Broker, LLC 122 W Pine St Ste 300, Championsgate, FL

    Listing date Aug 20, 2025

    MLS# 1216965 Listing URL

    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

    Ready-to-Build Lot in Holly Hill

    This 0.13-acre parcel, measuring 50 x 116 ft, is located in Holly Hill, Florida. The lot has been cleared and includes a survey and blueprints. Situated in a residential area, the property is positioned near shopping, schools, parks, and the beach. It is suitable for building a single-family home or for use as a long-term investment.
    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 Building Supply Pharmacy

    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

    Nearby Similar for Sale

    • $329,900
      1,735 SF

      Holly Hill Commercial Building For Sale

      Freestanding 1,735 SF building, suitable for various commercial uses.
      1621 Espanola Avenue, Holly Hill, FL 32117
      View Details
    • $689,900
      7,172 SF

      Versatile Commercial Building in Holly Hill

      Mixed-use property with retail, office, and warehouse space.
      529 Ridgewood Avenue, Holly Hill, FL 32117
      View Details
    • $599,000
      3,174 SF

      Commercial Property with Catering Kitchen

      Versatile commercial property with two buildings and catering kitchen.
      258 Riverside Drive, Holly Hill, FL 32117
      View Details
    • $1,000,000

      Commercial Parcels in Growing Holly Hill

      Two adjacent commercial parcels totaling approximately 6.46 acres.
      403 10th Street, Holly Hill, FL 32117
      View Details
    • $1,000,000

      Commercial Land in Holly Hill, FL

      Two adjacent parcels totaling 6.46 acres in Holly Hill.
      403 10th Street, Holly Hill, FL 32117
      View Details
    • $650,000
      1,008 SF

      Commercial Parcel on High-Traffic US-1

      0.34 acre commercial parcel on high-traffic US-1.
      1800 Ridgewood Avenue, Holly Hill, FL 32117
      View Details
    • $800,000
      440 SF

      Holly Hill Car Wash For Sale

      Self-service car wash with high traffic location in Holly Hill.
      1451 N Nova Road, Holly Hill, FL 32117
      View Details
    • $400,000
      2,475 SF

      Holly Hill Commercial Auto Property

      Freestanding building suitable for auto repairs and sales.
      348 Mason Avenue, Holly Hill, FL 32117
      View Details
    • $375,000

      Holly Hill Vacant Land Parcel

      Two parcels totaling nearly one acre, ready for development.
      818 6th Street, Holly Hill, FL 32117
      View Details
    • $1,850,000
      7,060 SF

      Historic Office Building with River Views

      Updated historic building with modern functionality and income potential.
      1112 Riverside Drive, Holly Hill, FL 32117
      View Details
    • $995,000
      1,399 SF

      Holly Hill Multifamily Development Opportunity

      4.99 acres zoned R-6, potential for multifamily development.
      930 & 932 15th Street, Holly Hill, FL 32117
      View Details
    • $95,000

      Residential Lots in Holly Hill

      Two adjoining residential lots totaling approximately 0.57 acres.
      10th Street, Holly Hill, FL 32117
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Cleared lot with survey and blueprints in residential area.
    Where is this residential land & home lot located?
    The property is located at 724 State Avenue Holly Hill, FL.
    What is the asking price?
    The asking price for this property is $35,000.
    What are key features of this property?
    This property features: Ready‑to‑build lot in Holly Hill; Includes survey and blueprints; Cleared 50 x 116 ft parcel
    (386) 341-0684
    We can help!
    Listing Contact
    Jessica Pettit
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!