Flex Space With
322 Ridgewood Ave, Holly Hill, FL 32117
For Sale
$425,000
Showroom space, private offices, and a roll-up door support a range of commercial configurations.
Property Size2,232 SF
Lot Size0.25 Acres
Price / SF$190.41
Days on Market14
Property Features for 322 Ridgewood Ave
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Fenced Yard
Additional Details
Property Use
Building Details
Building Size
Year Built
Buildings
Listing Agency:
SVN Alliance Commercial Real Estate Advisors
Listed By:
Carl W. Lentz IV, MBA, CCIM · License FL BK3068067
(386) 566-3726
Source:
Svn
Added: Oct 30
Changed: Nov 10
Last Checked: Nov 10 at 12:55PM
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 SVN Alliance Commercial Real Estate Advisors
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,232-square-foot flex property includes a showroom, private offices, and one roll-up door. CC-1 zoning and a CRA overlay apply. The seller will consider dividing the property.
The building fronts US 1, with a rear area of approximately 1/4 acre extending to State Avenue. That portion is fenced and secured by a gate opening onto State Avenue.
The building fronts US 1, with a rear area of approximately 1/4 acre extending to State Avenue. That portion is fenced and secured by a gate opening onto State Avenue.
Key Highlights
- 2,232‑square‑foot flex space with showroom and private offices
- One roll‑up door
- CC‑1 zoning and CRA overlay
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,169
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$503,380
$503.4K
Cap Rate 7%
$359,557
$359.6K
Cap Rate 9%
$279,656
$279.7K
Market Conditions
NOI Build-Up for 2,232 SF
Gross rent
$42.3K $18.96/SF
− Vacancy
−$3.6K −$1.61/SF
EGI
$38.7K $17.35/SF
− OpEx
−$13.6K −$6.07/SF
NOI
$25.2K $11.28/SF
Area
Volusia County, FL
Vacancy
8.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$503,380
Cap Rate 7%
$359,557
Cap Rate 9%
$279,656
Alternative Uses
Best Use
Flex RnD
$359.6K
$314.6K – $419.5K
NOI $25,169 @ 7.0% cap · market cap 5.92%
Second Best
Retail
$300.3K
$262.8K – $350.4K
NOI $21,022 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$658.1K
$575.9K – $767.8K
NOI $46,068 @ 7.0% cap · market cap 10.84%
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
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
603
Businesses Nearby
Under-served
Demand for This Use
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 Flex space in Volusia County, FL
Properties on Market for Flex space in Volusia County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Showroom space, private offices, and a roll-up door support a range of commercial configurations.
Where is this flex space located?
The property is located at 322 Ridgewood Ave Holly Hill, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 2,232‑square‑foot flex space with showroom and private offices; One roll‑up door; CC‑1 zoning and CRA overlay
