Commercial Kitchen Property with Two
For Sale
$524,000
258 Riverside Drive, Holly Hill, FL 32117
COMMERCIAL - Holly Hill, FL
Property Size3,174 SF
Lot Size0.56 Acres
Price / SF$165.09
Days on Market396
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
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 4
Last Checked: Aug 13 at 9:06AM
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.
Commercial kitchen property on a high-visibility corner lot in Holly Hill, FL, featuring two standalone buildings totaling 3,174 SF. The primary building is approximately 2,300 SF and is currently set up for a catering operation (business not included in sale). Inside, the layout includes a reception area, spacious waiting room, large private office, and a fully equipped commercial kitchen with a substantial walk-in cooler and multiple wall-mounted refrigeration units.
The secondary building adds approximately 850+ SF and includes a kitchenette and bathroom, suited for ancillary use, office space, or potential rental income. Construction materials include block and stucco, with central heating and central air conditioning. The property offers multiple access points and prominent pole signage, along with guest/off-street parking and a parking lot. A drive-thru can potentially be incorporated.
Public utilities are available, including public water and public sewer. Built in 1976, the buildings include on-site amenities that can support food service, prep, or storage-intensive operations.
The secondary building adds approximately 850+ SF and includes a kitchenette and bathroom, suited for ancillary use, office space, or potential rental income. Construction materials include block and stucco, with central heating and central air conditioning. The property offers multiple access points and prominent pole signage, along with guest/off-street parking and a parking lot. A drive-thru can potentially be incorporated.
Public utilities are available, including public water and public sewer. Built in 1976, the buildings include on-site amenities that can support food service, prep, or storage-intensive operations.
Key Highlights
- Two standalone buildings totaling 3,174 SF on a high‑visibility corner lot
- Primary building approx. 2,300 SF with commercial kitchen, walk‑in cooler, and wall‑mounted refrigeration
- Secondary building approx. 850+ SF with kitchenette and bathroom for ancillary use or office space
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
Industrial
$269.9K
$236.2K – $314.9K
NOI $18,896 @ 7.0% cap · market cap 3.61%
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
Property Profile
Current Use
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial kitchen - Two-building corner lot property with a central HVAC system, walk-in cooler, refrigeration, and ample off-street parking.
Where is this commercial kitchen 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: Two standalone buildings totaling 3,174 SF on a high‑visibility corner lot; Primary building approx. 2,300 SF with commercial kitchen, walk‑in cooler, and wall‑mounted refrigeration; Secondary building approx. 850+ SF with kitchenette and bathroom for ancillary use or office space
