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    Flex Warehouse with Drive-In Bays Title is generated by Realmo AI

    1111 Enterprise Court, Holly Hill, FL 32117

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    Picture of Flex space at 1111 Enterprise Court, Holly Hill, FL
    For Lease
    $916/Mo $0.11 SF/Yr (calc)

    COMMERCIAL - Holly Hill, FL

    Property size:
    103,500 SF
    Lot size:
    100,000.00 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 4 at 10:06 pm

    Property Features for 1111 Enterprise Court

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    424240360110
    Size
    103,500 SF
    Lot size
    100,000.00 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Description
    W 3/8 OF S 12 CHAINS OF LOT 36 HOPKINS MAP THOMAS FITCH GRAN T MB 12 PG 115 EXC W 21.89 FT OF S 100 FT & EXC ROW PER OR 4 031 PGS 4985-4996 INC PER OR 7071 PG 1184 PER OR 8726 PG 349
    Tax Annual Amount
    59799

    Building Details

    Year built
    1986

    We can help!

    Listing Contact
    Holly Booth

    Listing agent Holly Booth License #3540789

    Listing office Coldwell Banker Commercial Benchmark 570 Memorial Cir Suite 300, Ormond Beach, FL

    Listing date Jun 3, 2026

    MLS# 1227163

    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.

    HighLights

    • Flex warehouse property built in 1986 in Holly Hill’s industrial corridor at 1111 Enterprise Ct.
    • Available suites approximately 1,750 SF to 7,000 SF with lease rates $10.00–$11.00 PSF annually.
    • Delivered with new floor coating, new paint, and new LED lighting for all units.
    • Heavy industrial zoning and multiple drive‑in bays, suited for manufacturing, contractor operations, storage, distribution, and light industrial uses.
    • Ample parking and convenient truck access in the Decker Center industrial park.
    • Estimated NNN of $4.50.

    Overview

    This flex warehouse property at 1111 Enterprise Court is designed to support a range of industrial and service-oriented uses. Units will be delivered with new floor coating, new paint, and new LED lighting, giving tenants a refreshed interior to fit-out and operate. The available suites range from approximately 1,750 SF to 7,000 SF, with multiple drive-in bays and ample on-site parking to support day-to-day loading, unloading, and vehicle access.

    Located in Holly Hill’s industrial corridor within the Decker Center industrial park, the building provides convenient truck access for logistics and distribution-oriented workflows. The property is described as having heavy industrial zoning, which aligns with manufacturing, contractor operations, storage, distribution, automotive and service-related businesses, and other light industrial users.

    For tenants and operators looking for flexible industrial space, the combination of drive-in functionality, yard-to-building practicality, and newly upgraded lighting and finishes can reduce early occupancy spend and streamline transition. Suite sizes accommodate a variety of operating scales, whether you’re staging materials, servicing vehicles, or running distribution and light manufacturing within a heavy industrial framework. NNN estimated at $4.50.
    Property Profile 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

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Similar Places Nearby

    • Moore Fine Foods — 1299 State Ave, Holly Hill, FL 32117

    Location Insight

    • Map
    • Local Demand
    City
    Holly Hill
    County
    Volusia
    State
    Florida
    Longitude
    -81.046177
    Latitude
    29.245165

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    FAQs

    What type of property is this?
    Flex space - Updated flex/warehouse suites for contractors, storage, distribution, automotive service, and light industrial operations.
    Where is this flex space located?
    The property is located at 1111 Enterprise Court Holly Hill, FL.
    What is the lease rate?
    The lease rate is $916 /Mo.
    What are key features of this property?
    This property features: Flex warehouse property built in 1986 in Holly Hill’s industrial corridor at 1111 Enterprise Ct.; Available suites approximately 1,750 SF to 7,000 SF with lease rates $10.00–$11.00 PSF annually.; Delivered with new floor coating, new paint, and new LED lighting for all units.
    (678) 898-2721
    We can help!
    Listing Contact
    Holly Booth
    Real Estate License ID: 3540789
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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.

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