Freestanding Office
1621 Espanola Avenue, Holly Hill, FL 32117
For Sale
$324,900
A renovated concrete-block property offers three large rooms, an additional room, and on-site parking.
Property Size1,735 SF
Price / SF$187.26
Days on Market8
Property Features for 1621 Espanola Avenue
General Information
Standard status
Size
Total Parking Spaces
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
Carpet,Concrete
true
2
1
Back Yard
Other
Public
0.34
false
Guest,Parking Lot
City Street
1735
Building Details
Building Size
Year Built
Year Renovated
Buildings
Stories
Construction
Listing Agency:
(386) 590-9840
Listed By:
Jim Tobin
Source:
Bestwayrealtyofvolusiallc
Added: Oct 30
Changed: Nov 6
Last Checked: Nov 6 at 3:16PM
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 Jim Tobin
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding office property contains 1,735 square feet in a concrete-block structure. The layout includes three rooms, each measuring 20 by 17 feet, plus an additional room. A 0.34-acre lot provides parking for 10 vehicles.
Built in 1995, the building underwent a full rehabilitation in 2019 that included a new roof, flooring, paint, and fixtures. Its configuration is described as suitable for professional services, medical offices, and adult or child day care uses.
Built in 1995, the building underwent a full rehabilitation in 2019 that included a new roof, flooring, paint, and fixtures. Its configuration is described as suitable for professional services, medical offices, and adult or child day care uses.
Key Highlights
- 1,735‑square‑foot concrete‑block office building
- Three 20‑by‑17‑foot rooms, plus an additional room
- 10 parking spaces on a 0.34‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,999
Cap Rate
8.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$519,980
$520.0K
Cap Rate 7%
$371,414
$371.4K
Cap Rate 9%
$288,878
$288.9K
Market Conditions
NOI Build-Up for 1,735 SF
Gross rent
$37.5K $21.60/SF
− Vacancy
−$2.8K −$1.62/SF
EGI
$34.7K $19.98/SF
− OpEx
−$8.7K −$5.00/SF
NOI
$26.0K $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%
$519,980
Cap Rate 7%
$371,414
Cap Rate 9%
$288,878
Alternative Uses
Best Use
Office B
$371.4K
$325.0K – $433.3K
NOI $25,999 @ 7.0% cap · market cap 8.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$511.6K
$447.6K – $596.8K
NOI $35,810 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
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 Office buildings in Volusia County, FL
Properties on Market for Office buildings in Volusia County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A renovated concrete-block property offers three large rooms, an additional room, and on-site parking.
Where is this office building located?
The property is located at 1621 Espanola Avenue Holly Hill, FL.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: 1,735‑square‑foot concrete‑block office building; Three 20‑by‑17‑foot rooms, plus an additional room; 10 parking spaces on a 0.34‑acre lot
