Updated Historic Professional
1112 Riverside Drive, Holly Hill, FL 32117
COMMERCIAL - Holly Hill, FL
Type:Office
Property size:
7,060 SFLot size:
0.43 AcresPrice / SF:
$262/SF- Added:
- May 2, 2025
- Days on Market:
- 387
- Last Refresh:
- May 23 at 10:06 am
Property Features for 1112 Riverside Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 9
- Rooms
- Bathroom 5, Bathroom 4, Bathroom 6, Bathroom 1, Bathroom 8, Bathroom 2, Bathroom 7, Bathroom 9, Bathroom 3
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 4242-50-01-0020
- Size
- 7,060 SF
- Lot size
- 0.43 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- E 184.4 FT ON S/L & 195.3 FT ON N/L OF LOT 2 BLK 1 WALKERS HOLLY HILL MB 1 PG 30 PER OR 4148 PG 4645 PER OR 5437 PG 0532 PER OR 6730 PG 1740 PER OR 8397 PG 1706
- Tax Annual Amount
- 13821
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air, Multi Units, Zoned
- Water source
- Public
Building Details
- Year built
- 1933
- Floors in Building
- 2
- Number of units
- 7
- Flooring type
- Wood, Tile
- Building materials
- Concrete, Stucco
- Roof type
- Membrane
Listing agent Tom S Grasberger License #3323835 (386) 843-4346
Listing office Gaff's Realty Company 415 Dunlawton Ave, Port Orange, FL (386) 756-9999
Listing date May 2, 2025
MLS# 1212940
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
- Historic building with modern updates: Blends classic charm with fully updated systems.
- High Income Potential: Create up to 15 rental units, plus existing leased units and owner's suite.
- Prime Location: Directly across from Sunrise Park with river views.
- Feng Shui Design: Designed with feng shui principles.
- Durable Construction: Built with double block materials and underground water retention.
- Flexible Layout: Features multiple large and small office spaces, conference rooms, and multiple entry/exit points.
Overview
The Summit Professional Center is a historically-designated building that has been updated. It is located across from Sunrise Park, a riverfront space with a public dock and parking. The building was designed with feng shui principles. It features preserved oak flooring, craftsman-style arches, wainscoting, and a herringbone tile design in the hallways. The plumbing, electrical systems, roof, and windows have been updated, and insulation has been added. Constructed with double block materials and featuring an underground water retention system, the property is protected from water damage. Mature trees surround the property, and there is on-site parking, with additional public parking available across the street at Sunrise Park. The first floor is currently used as a legal office, with multiple large and small office spaces, conference rooms, file rooms, and multiple entry and exit points. The second floor is fully leased with five professional units. There is also an owner's suite featuring a full kitchen, bathroom, living area, and river views. The building offers a total of nine bathrooms, including two full baths with showers, three kitchens or kitchenettes, and two laundry areas. There is potential to create up to 15 rental units. The property is situated on a 0.43-acre lot and the building size is 7,060 square feet.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$1.18M
NOI $105,794 @ 9.00% cap · cautious / downside scenario
Moderate
$1.51M
NOI $105,794 @ 7.00% cap · market / base-case scenario
Aggressive
$2.12M
NOI $105,794 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $152.5k | $21.60 |
| − Vacancy | −$11.4k | −$1.62 |
| EGI | $141.1k | $19.98 |
| − OpEx | −$35.3k | −$5.00 |
| NOI | $105.8k | $14.99 |
7,060 SF · lease $21.60/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$1.51M
$1.32M – $1.76M
NOI $105,794 @ 7.0% cap · market cap 5.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,718 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with local authorities.
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
Location Insight
- Map
- Local Demand
- City
- Holly Hill
- County
- Volusia
- State
- Florida
- Longitude
- -81.0584
- Latitude
- 29.2334
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Historic building with modern updates, river views, and flexible layout.
Where is this office building located?
The property is located at 1112 Riverside Drive Holly Hill, FL.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Historic building with modern updates: Blends classic charm with fully updated systems.; High Income Potential: Create up to 15 rental units, plus existing leased units and owner's suite.; Prime Location: Directly across from Sunrise Park with river views.
