Mixed-Use Property with
1524 Ridgewood Avenue, Holly Hill, FL 32117
For Sale
$1,495,000
CC-1-zoned property combines renovated showroom and office space with a warehouse/shop component.
Property Size7,175 SF
Price / SF$208.36
Days on Market81
Property Features for 1524 Ridgewood Avenue
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Frontage
Traffic Count
Highway Access
Road Access
Mixed-Use Components
Additional Details
Clear Height
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Coldwell Banker Commercial Benchmark
Listed By:
David Galt · License #3243843
(386) 882-3230
Source:
Marlinrealtygroup
Added: Aug 20
Changed: Nov 7
Last Checked: Nov 7 at 6:43PM
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 Coldwell Banker Commercial Benchmark
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 7,175-square-foot mixed-use property pairs more than 5,000 square feet of renovated office, retail, and showroom area with a warehouse/shop space exceeding 1,900 square feet. The warehouse/shop has 16-foot height and four roll-up doors. The site covers more than two-thirds of an acre and includes a large parking area.
Located on US-1 in Holly Hill, the property has approximately 200 feet of frontage and a reported daily traffic count of more than 25,000 vehicles. Zoning is CC-1.
Located on US-1 in Holly Hill, the property has approximately 200 feet of frontage and a reported daily traffic count of more than 25,000 vehicles. Zoning is CC-1.
Key Highlights
- 7,175‑square‑foot mixed‑use building
- Over 5,000SF of renovated office/retail/showroom area
- Warehouse/shop area includes over 1900sf, 16 ft height, and (4) roll‑up doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,629
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,772,580
$1.8M
Cap Rate 7%
$1,266,129
$1.3M
Cap Rate 9%
$984,767
$984.8K
Market Conditions
NOI Build-Up for 7,175 SF
Gross rent
$155.0K $21.60/SF
− Vacancy
−$13.2K −$1.84/SF
EGI
$141.8K $19.76/SF
− OpEx
−$53.2K −$7.41/SF
NOI
$88.6K $12.35/SF
Area
Volusia County, FL
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,772,580
Cap Rate 7%
$1,266,129
Cap Rate 9%
$984,767
Alternative Uses
Best Use
Mixed Use
$1.27M
$1.11M – $1.48M
NOI $88,629 @ 7.0% cap · market cap 5.93%
Second Best
Retail
$965.4K
$844.7K – $1.13M
NOI $67,578 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$2.12M
$1.85M – $2.47M
NOI $148,092 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
16 ft
Clear height
25,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
603
Businesses Nearby
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 Mixed-use properties in Volusia County, FL
Properties on Market for Mixed-use properties in Volusia County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - CC-1-zoned property combines renovated showroom and office space with a warehouse/shop component.
Where is this mixed-use property located?
The property is located at 1524 Ridgewood Avenue Holly Hill, FL.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 7,175‑square‑foot mixed‑use building; Over 5,000SF of renovated office/retail/showroom area; Warehouse/shop area includes over 1900sf, 16 ft height, and (4) roll‑up doors
