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    Retail Condominium on US-1 Title is generated by Realmo AI

    1202 Ridgewood Avenue, Holly Hill, FL 32117

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    For Sale
    $439,000

    COMMERCIAL - Holly Hill, FL

    Type:Retail
    Property size:
    5,995 SF
    Lot size:
    0.13 Acres
    Price / SF:
    $73/SF
    Added:
    May 18, 2026
    Days on Market:
    6
    Last Refresh:
    May 23 at 9:06 am

    Property Features for 1202 Ridgewood Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    4242-88-00-1000
    Size
    5,995 SF
    Lot size
    0.13 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    OFFICE COMMERCIAL UNIT MAPLELEAF GARDENS CONDO MOTEL PER OR 2490 PG 1677 PER OR 4496 PG 3605 PER OR 5413 PG 2377 PER OR 8521 PG 1554
    Tax Annual Amount
    5589

    Building Details

    Year built
    1960

    We can help!

    Listing Contact
    Kayla Williams
    Kayla Williams

    Listing agent Kayla Williams License #3506971

    Listing office Realty Pros Commercial 140 S Atlantic Ave. Ste 202, Daytona Beach, FL

    Listing date May 18, 2026

    MLS# 1226619

    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

    • High‑visibility location directly on N US‑1 with excellent frontage.
    • Nearly 6,000 square feet of versatile retail space with expansive storefront display windows.
    • Centrally located between Daytona Beach and Ormond Beach, with convenient access to Jacksonville and Orlando.
    • CC‑1 zoning allows for a wide range of uses (professional offices, retail, beauty/wellness, etc.).
    • Owner‑user opportunity with current tenant vacating.
    • Located near the rapidly growing Pictona complex, benefiting from ongoing area development.

    Overview

    This large retail condominium is located in Volusia County, Florida, directly on N US-1, offering high visibility and excellent frontage. It is centrally situated between Daytona Beach and Ormond Beach, with convenient access to both Jacksonville and Orlando. The property features nearly 6,000 square feet of versatile retail space, expansive storefront display windows, an open floor plan, decorative interior finishes, and private offices. Prominent pole signage is also included. This property presents an owner-user opportunity, as the current tenant will be vacating. Located within the CC-1 zoning district, the property allows for a wide range of potential uses including professional offices, retail sales, beauty and wellness services, business services, and specialty shops. The location benefits from ongoing area development, situated near the rapidly growing Pictona complex. The lot size is 0.13 acres. The monthly condo association fee is $2,047. Square footage is sourced from tax records.
    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

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center 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

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    FAQs

    What type of property is this?
    Retail space - Versatile retail space with high visibility and excellent frontage.
    Where is this retail space located?
    The property is located at 1202 Ridgewood Avenue Holly Hill, FL.
    What is the asking price?
    The asking price for this property is $439,000.
    What are key features of this property?
    This property features: High‑visibility location directly on N US‑1 with excellent frontage.; Nearly 6,000 square feet of versatile retail space with expansive storefront display windows.; Centrally located between Daytona Beach and Ormond Beach, with convenient access to Jacksonville and Orlando.
    (386) 338-1330
    We can help!
    Listing Contact
    Kayla Williams
    Kayla Williams
    Real Estate License ID: 3506971
    Request Owner's contact information
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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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