Mixed-Use Property with
468 Ridgewood Avenue, Holly Hill, FL 32117
For Sale
$1,200,000
Commercial Sale, Holly Hill, FL
Property Size12,518 SF
Lot Size1.03 Acres
Price / SF$95.86
Days on Market525
Property Features for 468 Ridgewood Avenue
General Information
Property type
Property subtype
Parking features
Fencing
Lot features
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Property Use
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
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Oceans Luxury Realty Full Service LLC
(386) 236-3700
Listed By:
Sean Hurley
(386) 566-6031
Added: Jun 6, 2025
Changed: Oct 27
Last Checked: Nov 12 at 7:06AM
MLS# 1214269
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.
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Investment Insights
Based on property information with market context.
This mixed-use property at 468 Ridgewood Avenue includes three standalone masonry buildings totaling 12,518 square feet on 1.03 acres. The primary two-story building measures approximately 10,250 square feet and contains two commercial suites, seven storage units, a private residence, and four unfinished units. It is equipped with two recently installed HVAC systems and four supplemental mini-split units. A second building of approximately 1,420 square feet contains three residential units, including two studios and one one-bedroom unit. The third building is a 640-square-foot, one-bedroom residence.
The parcel includes 150 linear feet along US-1 and a fully fenced half-acre rear yard used for RV, boat, and trailer storage. The property is zoned CC1 and lies within Holly Hill’s designated redevelopment district. Public water and sewer serve the site, while parking includes off-street, secured, gated, RV, lot, and garage options. Metal roofing was installed on the buildings in 2014 and 2017.
The parcel includes 150 linear feet along US-1 and a fully fenced half-acre rear yard used for RV, boat, and trailer storage. The property is zoned CC1 and lies within Holly Hill’s designated redevelopment district. Public water and sewer serve the site, while parking includes off-street, secured, gated, RV, lot, and garage options. Metal roofing was installed on the buildings in 2014 and 2017.
Key Highlights
- Three masonry buildings total 12,518 square feet on a 1.03‑acre parcel
- CC1 zoning with 150 linear feet of US‑1 frontage
- Primary building contains two commercial suites, seven storage units, one residence, and four unfinished units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,388
Cap Rate
7.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,907,760
$1.9M
Cap Rate 7%
$1,362,686
$1.4M
Cap Rate 9%
$1,059,867
$1.1M
Market Conditions
NOI Build-Up for 12,518 SF
Gross rent
$193.8K $15.48/SF
− Vacancy
−$20.3K −$1.63/SF
EGI
$173.4K $13.85/SF
− OpEx
−$78.0K −$6.23/SF
NOI
$95.4K $7.62/SF
Area
Volusia County, FL
Vacancy
10.50%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,907,760
Cap Rate 7%
$1,362,686
Cap Rate 9%
$1,059,867
Alternative Uses
Best Use
Mixed Use
$2.21M
$1.93M – $2.58M
NOI $154,629 @ 7.0% cap · market cap 12.89%
Second Best
Apartment 5plus
$1.36M
$1.19M – $1.59M
NOI $95,388 @ 7.0% cap · market cap 7.95%
Theoretical Best
Office A
$3.69M
$3.23M – $4.31M
NOI $258,372 @ 7.0% cap · market cap 21.53%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
5
Residential units
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
838
Businesses Nearby
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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
$175,500
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Volusia County, FL
Properties on Market for Mixed-use properties in Volusia County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - CC1-zoned commercial property combines residential units, commercial suites, storage, and a fenced ancillary storage yard.
Where is this mixed-use property located?
The property is located at 468 Ridgewood Avenue 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: Three masonry buildings total 12,518 square feet on a 1.03‑acre parcel; CC1 zoning with 150 linear feet of US‑1 frontage; Primary building contains two commercial suites, seven storage units, one residence, and four unfinished units
