Freestanding Office
1621 Espanola Avenue, Holly Hill, FL 32117
For Sale
$324,900
Commercial Sale, Holly Hill, FL
Property Size1,735 SF
Lot Size0.34 Acres
Price / SF$187.26
Days on Market214
Property Features for 1621 Espanola Avenue
General Information
Property type
Property subtype
Bathrooms
Full bathrooms
Rooms
Parking features
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
EXP Realty LLC
(386) 547-8586
Listed By:
Ian Anderson · License FL #3105624
(386) 214-5290
Added: Apr 13
Changed: Oct 27
Last Checked: Nov 12 at 7:06AM
MLS# 1225238
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.
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 1,735-square-foot office building occupies a 0.34-acre lot and includes three 20-by-17-foot rooms, an additional room, and two bathrooms. The concrete block and stucco structure was built in 1995 and rehabilitated in 2019 with a new roof, flooring, paint, and fixtures. Concrete and carpet flooring, central heating, central air, a shingle roof, public water, and public sewer are in place.
The property includes a 10-space parking lot and is located near Flomich Avenue and US 1 in Holly Hill. The existing configuration is suited to professional office or service operations, medical office use, and adult or child day care, subject to applicable approvals.
The property includes a 10-space parking lot and is located near Flomich Avenue and US 1 in Holly Hill. The existing configuration is suited to professional office or service operations, medical office use, and adult or child day care, subject to applicable approvals.
Key Highlights
- 1,735‑square‑foot freestanding office building on a 0.34‑acre lot
- Three 20 x 17 rooms plus an additional room and two bathrooms
- Rehabilitated in 2019 with new roof, flooring, paint, and fixtures
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
Healthcare Medical
$360.6K
$315.5K – $420.7K
NOI $25,240 @ 7.0% cap · market cap 7.77%
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
571
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
$175,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office Units in Volusia County, FL
Properties on Market for Office Units in Volusia County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Rehabilitated office property with flexible rooms, central HVAC, and on-site parking.
Where is this office unit 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 freestanding office building on a 0.34‑acre lot; Three 20 x 17 rooms plus an additional room and two bathrooms; Rehabilitated in 2019 with new roof, flooring, paint, and fixtures
