218 Riverside Drive, Holly Hill, FL 32117

Building Details

Building Size 9,252 SF More

Year Built 1946 More

Listing Agency: Spiletic and Co.

Listed By: Liz Spiletic Show Phone

Source: Marlinrealtygroup

Added: Aug 8 Changed: Nov 6 Last Checked: Nov 6 at 3:09PM

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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 Spiletic and Co.

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Investment Insights

Based on property information with market context.

This vacant commercial parcel in Holly Hill includes a former cafe or commercial space, a warehouse, and residential/multi-living structures. The existing buildings require substantial renovation and are conveyed in their present condition. The property is marketed primarily for its land and redevelopment potential, with CC-1 Commercial Corridor zoning; any proposed use or development remains subject to applicable requirements and approvals.

The site is directly across Riverside Drive from Marina Grande on the Halifax, a residential development with two 26-story condominium towers. The Halifax River, beaches, shopping, dining, and Daytona Beach are also described as minutes away.

Key Highlights

• CC‑1 Commercial Corridor zoning
• Vacant parcel includes former cafe/commercial space, warehouse, and residential/multi‑living structures
• Existing buildings require substantial renovation and are conveyed in their present condition

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$74,411

Cap Rate

6.20%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,488,220 $1.5M

Cap Rate 7%

$1,063,014 $1.1M

Cap Rate 9%

$826,789 $826.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,252 SF

Gross rent

$92.1K $9.96/SF

− Vacancy

−$4.6K −$0.50/SF

EGI

$87.5K $9.46/SF

− OpEx

−$13.1K −$1.42/SF

NOI

$74.4K $8.04/SF

Area

Volusia County, FL

Vacancy

5.00%

Lease Rate

$9.96 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,488,220

Cap Rate 7%

$1,063,014

Cap Rate 9%

$826,789

Alternative Uses

Best Use

Mixed Use

$1.63M

$1.43M – $1.90M (±1% cap)

NOI $114,285 @ 7.0% cap · market cap 9.52%

Second Best

Warehouse

$1.06M

$930.1K – $1.24M (±1% cap)

NOI $74,411 @ 7.0% cap · market cap 6.20%

Theoretical Best

Office A

$2.73M

$2.39M – $3.18M (±1% cap)

NOI $190,961 @ 7.0% cap · market cap 15.91%

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

Property Analytics

Current Use

Commercial land

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.

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

Properties on Market for Commercial land in Volusia County

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Commercial land - CC-1 Commercial Corridor zoning supports consideration of multiple uses, subject to applicable requirements and approvals.

Where is this commercial land located?

The property is located at 218 Riverside Drive Holly Hill, FL.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: CC‑1 Commercial Corridor zoning; Vacant parcel includes former cafe/commercial space, warehouse, and residential/multi‑living structures; Existing buildings require substantial renovation and are conveyed in their present condition