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    930 & 932 15th Street Holly Hill, FL 32117

    View on Map
    For Sale
    $995,000

    MULTI_FAMILY - Holly Hill, FL

    Property size:
    1,399 SF
    Lot size:
    4.99 Acres
    Added:
    Dec 17, 2025
    Days on Market:
    107
    Last Refresh:
    Apr 3 at 4:06 pm

    Property Features for 930 & 932 15th Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Driveway
    Security features
    Security System
    Appliances
    Refrigerator, Electric Oven, Dishwasher
    Standard status
    Active
    APN
    4242-04-30-0300
    Size
    1,399 SF
    Lot size
    4.99 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    IRREG PARCEL BEING A PRTN OF LOT 30 BLK 30 MEAS 225 FT ON S/L ADJ TO 15TH ST 634.40 FT ON E/L 75 FT ON N/L FLEMMING SUB FITCH GRANT MB 1 PG 1 PER OR 4495 PG 4437 PER OR 6436 PGS 2846-2849 INC PER OR 6436 PG 2850 PER OR 6480 PG 1030 PER OR 7116 PG 2373 PER
    Tax Annual Amount
    2797

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank
    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    1930
    Floors in Building
    1
    Flooring type
    Tile, Carpet
    Roof type
    Shingle

    We can help!

    Listing Contact
    Kathy DeLanoy

    Listing agent Kathy DeLanoy

    Listing office Delco Realty Group Inc. 712 S Oceanshore Blvd., Flagler Beach, FL

    Listing date Dec 17, 2025

    MLS# 1220951 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

    Holly Hill Multifamily Development Opportunity

    This 4.99-acre property, zoned R-6, offers the potential for multifamily development up to 30 feet high. The zoning allows for a medium density of more than six units but fewer than 20 units per acre, potentially accommodating between 28 and 95 units. The site currently includes a modular home, a 40 x 70 sq ft block outbuilding, a 30 x 50 sq ft wood frame outbuilding with 220 amp electric service, and two 10 X 12 sheds. A 20-foot container is also located on the property. There are two wells on the property. The property is centrally located, with condominiums to the west and Holly Hill Elementary School to the east.
    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 Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    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

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    FAQs

    What type of property is this?
    Residential land & home lot - 4.99 acres zoned R-6, potential for multifamily development.
    Where is this residential land & home lot located?
    The property is located at 930 & 932 15th Street Holly Hill, FL.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: Zoned R‑6 with potential for 28‑95 units, offering medium‑density development opportunities.; Large 4.99‑acre lot suitable for building up to 30 feet high.; Includes a 40 x 70 sq ft block outbuilding and a 30 x 50 sq ft wood frame outbuilding with 220 amp electric service.
    (386) 931-2960
    We can help!
    Listing Contact
    Kathy DeLanoy
    Learn More
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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
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