Retail Space with Commercial
For Sale
$524,000
258 Riverside Drive, Holly Hill, FL 32117
Commercial Sale, Holly Hill, FL
Property Size3,174 SF
Lot Size0.56 Acres
Price / SF$165.09
Days on Market441
Property Features for 258 Riverside Drive
General Information
Property type
Commercial Sale
Property subtype
Retail
Parking features
Off Street, Guest, Parking Lot
Lot features
Corner Lot
Directions
North of Riverside Dr from Mason Ave to property on the southwest corner of Riverside Dr and 3rd St.
Subdivision
35 - Mason to LPGA E of 95
Standard status
Active
APN
4244-01-26-0170
Size
3,174 SF
Lot size
0.56 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
37-15-33 N 60 FT OF LOT 17 EXC W 150 FT & INC E 69 FT OF W 279 FT LOT 18 BLK 26 MASON & CARSWELLS HOLLY HILL MB 2 PG 90 MB 12 PGS 3-4 & ADJ LAND W OF RD PER OR 4193 PG 0122 PER OR 5415 PG 0058 PER OR 7645 PG 4483 PER OR 7695 PG 4348
Tax Annual Amount
7565
Legal Description
37-15-33 N 60 FT OF LOT 17 EXC W 150 FT & INC E 69 FT OF W 279 FT LOT 18 BLK 26 MASON & CARSWELLS HOLLY HILL MB 2 PG 90 MB 12 PGS 3-4 & ADJ LAND W OF RD PER OR 4193 PG 0122 PER OR 5415 PG 0058 PER OR 7645 PG 4483 PER OR 7695 PG 4348
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
commercial kitchen
walk-in cooler
wall-mounted refrigeration units
kitchenette
bathroom
pole signage
multiple access points
Building Details
Year built
1976
Building materials
Block, Stucco
Listing Agency:
Realty Pros Assured
(386) 677-7653
Listed By:
Beau Warren · License #SL3207370
(386) 589-5754
Added: Jul 14, 2025
Changed: Aug 20
Last Checked: Sep 27 at 1:06PM
MLS# 1215599
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.
Investment Insights
Based on property information with market context.
This retail property includes two standalone buildings totaling 3,174 square feet on 0.56 acres. The main building contains approximately 2,300 square feet with a reception area, waiting room, private office, commercial kitchen, walk-in cooler, and wall-mounted refrigeration units. A second building provides 850+ square feet with a kitchenette and bathroom. The catering business currently operating in the primary building is not included in the sale.
Located at 258 Riverside Drive in Holly Hill, the property offers multiple access points, a pole sign, and an on-site parking lot. Built in 1976, the improvements feature block and stucco construction, central heating, central air, public water, and public sewer. The layout also includes the potential for a drive-thru, subject to applicable approvals.
Located at 258 Riverside Drive in Holly Hill, the property offers multiple access points, a pole sign, and an on-site parking lot. Built in 1976, the improvements feature block and stucco construction, central heating, central air, public water, and public sewer. The layout also includes the potential for a drive-thru, subject to applicable approvals.
Key Highlights
- 3,174 square feet across two standalone buildings on 0.56 acres
- Approximately 2,300‑square‑foot primary building with commercial kitchen and walk‑in cooler
- 850+ square feet of additional space with kitchenette and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,198
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$963,960
$964.0K
Cap Rate 7%
$688,543
$688.5K
Cap Rate 9%
$535,533
$535.5K
Market Conditions
NOI Build-Up for 3,174 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$69.7K $21.96/SF
− Vacancy
−$5.4K −$1.71/SF
EGI
$64.3K $20.25/SF
− OpEx
−$16.1K −$5.06/SF
NOI
$48.2K $15.19/SF
Area
Volusia County, FL
Vacancy
7.80%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$963,960
Cap Rate 7%
$688,543
Cap Rate 9%
$535,533
Alternative Uses
Best Use
Specialty Retail
$688.5K
$602.5K – $803.3K
NOI $48,198 @ 7.0% cap · market cap 9.20%
Second Best
Retail
$427.1K
$373.7K – $498.2K
NOI $29,894 @ 7.0% cap · market cap 5.70%
Theoretical Best
Office A
$935.9K
$818.9K – $1.09M
NOI $65,511 @ 7.0% cap · market cap 12.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
835
Businesses Nearby
85k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 34%
Home Improvements & Furnishings 11%
Electronics 1%
McDonald's
Dining
28,926 visits/mo
0.4 miles
7-Eleven
Shops & Services
12,111 visits/mo
0.4 miles
Madden's Ace Hardware 3
Home Improvements & Furnishings
9,653 visits/mo
0.3 miles
Dollar General
Shops & Services
8,206 visits/mo
0.5 miles
Krystal
Dining
7,644 visits/mo
0.4 miles
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
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Two-building commercial property with food-service infrastructure, office areas, parking, and multiple access points.
Where is this retail space located?
The property is located at 258 Riverside Drive Holly Hill, FL.
What is the asking price?
The asking price for this property is $524,000.
What are key features of this property?
This property features: 3,174 square feet across two standalone buildings on 0.56 acres; Approximately 2,300‑square‑foot primary building with commercial kitchen and walk‑in cooler; 850+ square feet of additional space with kitchenette and bathroom
