Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Ridgewood Ave Holly Hill, FL 32117

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    1455 Units, $140M Value-Add Opportunity

    Property Features for 0 Ridgewood Ave

    General Information

    Property type
    Multifamily properties
    Class
    C

    Building Details

    Year Built
    1980
    Buildings
    10
    Units
    1455

    We can help!

    Listing Contact
    Dino Dodani
    Dino Dodani

    Listing Agent: Dino Dodani

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional investment opportunity presents a portfolio of 1,455 units spread across ten buildings in Holly Hill, Florida. Currently operating at 100% occupancy, this Class C multifamily property, built in 1980, is zoned for Airbnb and short-term rentals, offering significant upside potential. Each unit generates a current weekly income of $400, providing a substantial existing revenue stream. The property's location in Volusia County, Florida, near numerous tourist attractions, allows for significant rental rate increases. With strategic marketing and minor cosmetic improvements, individual units could command well over $700 per week, dramatically increasing the return on investment. The portfolio's 1455 units are categorized as both apartment buildings and student housing, providing a diverse tenant base. This value-add investment is priced at $140,000,000 and represents a rare opportunity to acquire a large-scale, high-performing short-term rental portfolio in a prime Florida location. The property is situated on Ridgewood Ave, Holly Hill, FL 32117. Serious inquiries only
    Property Profile Location Intelligence

    Current Use by Public Records

    Dormitories

    Map

    City
    Holly Hill
    County
    Volusia
    State
    Florida
    Longitude
    -81.0410439
    Latitude
    29.2445312

    Nearby Similar for Sale

    • $239,000
      1,300 SF

      Holly Hill Duplex Investment Opportunity

      Duplex with two units, new roof, great location.
      815 8Th St, Holly Hill, FL 32117
      View Details
    • $799,900
      7,172 SF

      Mixed-Use Commercial Building For Sale

      Versatile property with retail, office, and warehouse space.
      529 Ridgewood Ave, Holly Hill, FL 32117
      View Details
    • $230,000
      2,515 SF

      Commercial Duplex in Holly Hill

      Income-producing commercial duplex with restaurant and office spaces.
      486 Lpga Blvd, Holly Hill, FL 32117
      View Details
    • $1,050,000

      Holly Hill Multifamily Investment

      12-Unit Apartment Building, High ROI
      467 Ridgewood Ave, Holly Hill, FL 32117
      View Details
    • $1,400,000
      14,492 SF

      Holly Hill Storefront Investment

      Prime Volusia County retail building, high-traffic location.
      1501 Ridgewood Ave, Holly Hill, FL 32117
      View Details
    • $1,100,000
      4,513 SF

      Freestanding Building on Signalized Corner

      4,513 SF building on 1.17 acres with six drive-thru lanes.
      1630 Ridgewood Ave, Holly Hill, FL
      View Details
    • $525,000

      Holly Hill Warehouse - $525K

      Spacious warehouse, dual zoning, ideal for business & living.
      120 State Ave, Holly Hill, FL 32117
      View Details
    • $1,100,000
      4,513 SF

      Holly Hill Retail Investment

      Prime 4,513 SF Bank Building, 1.17 Acres
      1600 Ridgewood Ave, Holly Hill, FL 32117
      View Details
    • $1,199,900
      6,300 SF

      Daytona Beach Storefront - $1.2M

      Retail/Warehouse, High-Traffic Location
      719 Ridgewood Ave, Holly Hill, FL 32114
      View Details
    • $400,000
      2,475 SF

      Freestanding Building on High Traffic Corner

      Freestanding block building suitable for auto repairs and sales.
      348 Mason Ave, Holly Hill, FL
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 1455 Units, $140M Value-Add Opportunity
    Where is this multifamily property located?
    The property is located at Ridgewood Ave Holly Hill, FL.
    What is the asking price?
    The asking price for this property is $140,000,000.
    (386) 679-0888 Call to check price and availability
    Request Owner's contact information
    Ridgewood Ave Holly Hill, FL 32117
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Ridgewood Ave
    Holly Hill, FL 32117
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Ridgewood Ave Holly Hill, FL 32117
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Dino Dodani
    Dino Dodani
    Real Estate License ID: 3221388
    (386) 679-0888
    Learn more
    Google sign-in failed. Please try again or use another login method.