1200 Synergy Way, Holly Hill, FL 32117

Building Details

Building Size 4,560 SF More

Year Built 1969 More

Buildings 1 More

Listing Agency: SVN Alliance Commercial Real Estate Advisors

Listed By: Carl Lentz · License #3068067 Show Phone

Source: Marlinrealtygroup

Added: Mar 18 Changed: Nov 6 Last Checked: Nov 6 at 2:24PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN Alliance Commercial Real Estate Advisors

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Investment Insights

Based on property information with market context.

This 4,560-square-foot flex building combines an open-plan office suite with a distinct garage and workshop bay. The office is professionally finished and move-in ready, and the property includes two restrooms, one with a shower. The workshop has three overhead doors: two measuring 18 by 10 feet and one measuring 10 by 10 feet.

Within the Fountainhead complex, the building has internal drive access and sits near Center Avenue and LPGA Boulevard in Holly Hill. It was built in 1969.

Key Highlights

• 4,560‑square‑foot freestanding building
• Finished, open‑plan office suite with a separate garage and workshop bay
• Workshop has two 18x10 and one 10x10 overhead roll‑up doors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$68,332

Cap Rate

8.55%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,366,640 $1.4M

Cap Rate 7%

$976,171 $976.2K

Cap Rate 9%

$759,244 $759.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,560 SF

Gross rent

$98.5K $21.60/SF

− Vacancy

−$7.4K −$1.62/SF

EGI

$91.1K $19.98/SF

− OpEx

−$22.8K −$5.00/SF

NOI

$68.3K $14.99/SF

Area

Volusia County, FL

Vacancy

7.50%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,366,640

Cap Rate 7%

$976,171

Cap Rate 9%

$759,244

Alternative Uses

Best Use

Office B

$976.2K

$854.2K – $1.14M (±1% cap)

NOI $68,332 @ 7.0% cap · market cap 8.55%

Second Best

Flex RnD

$734.6K

$642.8K – $857.0K (±1% cap)

NOI $51,421 @ 7.0% cap · market cap 6.44%

Theoretical Best

Office A

$1.34M

$1.18M – $1.57M (±1% cap)

NOI $94,118 @ 7.0% cap · market cap 11.78%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Bakery Skin Care Clinic Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Drive-in doors

Location Intelligence

Trade Area within ½ mile

603

Businesses Nearby

Under-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

Average Price Trend$/SF for Flex space in Volusia County, FL

$211 Jul

$233 Aug

$244 Sep

$253 Oct

Properties on Market for Flex space in Volusia County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - The freestanding property pairs finished open-plan office space with a separate garage and workshop area.

Where is this flex space located?

The property is located at 1200 Synergy Way Holly Hill, FL.

What is the asking price?

The asking price for this property is $799,000.

What are key features of this property?

This property features: 4,560‑square‑foot freestanding building; Finished, open‑plan office suite with a separate garage and workshop bay; Workshop has two 18x10 and one 10x10 overhead roll‑up doors