Flex Warehouse With Office
New
For Sale
$220,000
555 8th Street, Holly Hill, FL 32117
Commercial Sale, Holly Hill, FL
Property Size1,464 SF
Lot Size0.03 Acres
Price / SF$150.27
Days on Market2
Property Features for 555 8th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking features
Assigned, Off Street, Parking Lot
Directions
From I-95, take Exit 265 (LPGA Blvd) and head east on LPGA Blvd. Turn right (south) onto Nova Rd. Turn left (east) onto 8th St. Continue to 555 8th Street, turn into complex.
Subdivision
35 - Mason to LPGA E of 95
Standard status
Active
APN
4244-14-02-0140
Size
1,464 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
UNIT N HOLLY BUSINESS CENTER CONDOMINIUM PHASE II PER OR 4269 PGS 4293-4312 INC PER OR 4629 PG 2483 PER OR 6556 PGS 3237-3238 PER OR 6727 PG 4678 PER OR 7780 PG 0641
Tax Annual Amount
2518
HOA Fee
$168 Monthly
Legal Description
UNIT N HOLLY BUSINESS CENTER CONDOMINIUM PHASE II PER OR 4269 PGS 4293-4312 INC PER OR 4629 PG 2483 PER OR 6556 PGS 3237-3238 PER OR 6727 PG 4678 PER OR 7780 PG 0641
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1998
Flooring type
Concrete, Vinyl
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
CENTURY 21 Sundance Realty
(386) 756-6105
Listed By:
Bryan Roddy
(407) 353-6135
Added: Aug 21
Last Checked: Aug 22 at 7:06AM
MLS# 1229944
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 1,464-square-foot flex property combines a concrete block warehouse with dedicated office improvements, including reception space, an optional waiting area, and one restroom. The work area has an insulated ceiling, central air conditioning, an additional wall-mounted unit, and a 10' x 10' roll-down garage door. Concrete and vinyl flooring serve the warehouse and office areas, while the shingle roof was installed in 2024.
Parking is positioned at both the front and rear of the property. The rear area includes a concrete loading pad intended for heavier commercial vehicles, box trucks, and semi-trucks, supporting deliveries, equipment movement, and routine loading activity. Public water and sewer serve the property, which was built in 1998.
Located at 555 8th Street in Holly Hill, the property offers access to Interstate 95 and the greater Daytona Beach area, with connectivity to Daytona Beach, Ormond Beach, Port Orange, and New Smyrna Beach.
Parking is positioned at both the front and rear of the property. The rear area includes a concrete loading pad intended for heavier commercial vehicles, box trucks, and semi-trucks, supporting deliveries, equipment movement, and routine loading activity. Public water and sewer serve the property, which was built in 1998.
Located at 555 8th Street in Holly Hill, the property offers access to Interstate 95 and the greater Daytona Beach area, with connectivity to Daytona Beach, Ormond Beach, Port Orange, and New Smyrna Beach.
Key Highlights
- 1,464‑square‑foot flex property with warehouse and dedicated office areas
- 10' x 10' roll‑down garage door supports loading and unloading
- Rear concrete pad accommodates heavier commercial vehicles, box trucks, and semi‑trucks
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
$16,509
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
7.50%
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%
$330,180
$330.2K
Cap Rate 7%
$235,843
$235.8K
Cap Rate 9%
$183,433
$183.4K
Market Conditions
NOI Build-Up for 1,464 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
$27.8K $18.96/SF
− Vacancy
−$2.4K −$1.61/SF
EGI
$25.4K $17.35/SF
− OpEx
−$8.9K −$6.07/SF
NOI
$16.5K $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 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%
$330,180
Cap Rate 7%
$235,843
Cap Rate 9%
$183,433
Alternative Uses
Best Use
Office B
$313.4K
$274.2K – $365.6K
NOI $21,938 @ 7.0% cap · market cap 9.97%
Second Best
Flex RnD
$235.8K
$206.4K – $275.2K
NOI $16,509 @ 7.0% cap · market cap 7.50%
Theoretical Best
Office A
$431.7K
$377.7K – $503.6K
NOI $30,217 @ 7.0% cap · market cap 13.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
870
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Adaptable commercial property combining warehouse operations, customer-facing offices, and rear loading access for business use.
Where is this flex space located?
The property is located at 555 8th Street Holly Hill, FL.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: 1,464‑square‑foot flex property with warehouse and dedicated office areas; 10' x 10' roll‑down garage door supports loading and unloading; Rear concrete pad accommodates heavier commercial vehicles, box trucks, and semi‑trucks
