Mixed-Use Property with
468 Ridgewood Avenue, Holly Hill, FL 32117
For Sale
$1,200,000
Residential Income, Holly Hill, FL
Property Size12,518 SF
Lot Size1.03 Acres
Price / SF$95.86
Days on Market494
Property Features for 468 Ridgewood Avenue
General Information
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Zoning description
Bedrooms
Bathrooms
Full bathrooms
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Parking features
Fencing
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Size
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Additional Details
Currently Operating
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Building Details
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Listing Agency:
Oceans Luxury Realty Full Service LLC
(386) 236-3700
Listed By:
Sean Hurley
(386) 566-6031
Added: Jul 1, 2025
Changed: Oct 27
Last Checked: Nov 6 at 11:06PM
MLS# 1215168
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
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This 1.03-acre mixed-use property contains three stand-alone masonry buildings totaling 12,518 square feet. The primary two-story structure measures approximately 10,250 square feet and includes two commercial suites, seven storage units, a private residence, and four unfinished units. Two newer HVAC systems and four mini-split units serve the building. A separate 1,420-square-foot building contains three residential units, including two studios and one one-bedroom unit, while a 640-square-foot standalone building provides another one-bedroom residence.
The property has 150 linear feet of frontage along US-1 in Holly Hill’s designated redevelopment district and is zoned CC1. Its location is within four miles of Halifax Health Medical Center, Daytona Beach International Airport, Daytona International Speedway, Daytona State College/UCF, and Embry-Riddle Aeronautical University, with connectivity to the A1A beachside corridor, I-95, and I-4. A fully fenced half-acre rear yard is used for managed RV, boat, and trailer storage. Public water and sewer serve the property.
The property has 150 linear feet of frontage along US-1 in Holly Hill’s designated redevelopment district and is zoned CC1. Its location is within four miles of Halifax Health Medical Center, Daytona Beach International Airport, Daytona International Speedway, Daytona State College/UCF, and Embry-Riddle Aeronautical University, with connectivity to the A1A beachside corridor, I-95, and I-4. A fully fenced half-acre rear yard is used for managed RV, boat, and trailer storage. Public water and sewer serve the property.
Key Highlights
- 1.03‑acre mixed‑use property with 12,518 square feet across three stand‑alone masonry buildings
- 150 linear feet of US‑1 frontage; property is zoned CC1
- Approximately 10,250‑square‑foot two‑story building with 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 holding with multiple buildings, residential units, commercial suites, storage, and a fenced rear 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: 1.03‑acre mixed‑use property with 12,518 square feet across three stand‑alone masonry buildings; 150 linear feet of US‑1 frontage; property is zoned CC1; Approximately 10,250‑square‑foot two‑story building with two commercial suites, seven storage units, one residence, and four unfinished units
