Back to Search
Property profile & analytics
FOR LEASE
Warehouses
1516 State Ave Holly Hill, FL 32117
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-5067735
For Lease
1 / 4
$12 SF/Yr
1516 State Ave, Holly Hill, FL 32117
View Listing →
Property summary
AI-generated overview
This Daytona Beach warehouse offers 17 available units, perfect for a variety of industrial and warehouse uses. The property, located at 1516 State Ave in Volusia County, boasts a total of 2,525 square feet across a single-story building constructed in 1981. Units range in size from 1,200 to 2,400 square feet, featuring impressive 18-foot ceilings and convenient 10 x 12 roll-up doors. The building itself is a Class C property with aluminum siding and roofing, ensuring durability and low maintenance. Tenancy is multiple, allowing for flexibility and diverse business occupancy. The Daytona Commerce Center benefits from a prime location near US Highway 1, providing easy access to major transportation routes, and is only 20 minutes from Daytona International Airport. Ample lighted parking is available for tenants and their clients. City water ensures a reliable supply. Condo fees cover various maintenance services, simplifying operations. Lease terms of 3-5 years are available. The diverse tenant mix currently includes auto repair shops and engineering firms, creating a vibrant and established business community.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,251 SF
Lot
1.82 ac (79,203 SF)
Zoning code
I1
APN
4242-20-36-0070
UPID
US18-5067735
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Cross Woodcraft General Contractor
-
Southern Gold Motorsports Motorcycle Shop
-
The Used Bike Spotlight Motorcycle Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.50M
Owner & transaction history
Vd Daytona 1 LLC · 1 yrs held
Vd Daytona 1 LLC
since 2025
Last sale
$6.5M
2 recorded transactions
Zoning & alternative use
I1 · Daytona Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Holly Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Holly Hill submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$6,500,000
ML approach
$6,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.50M
Range $5.85M – $7.15M · ±10% · vs last sale $6.50M (Jan 4 2024)
Last sale anchor
$6.50M
Jan 4 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$578 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$25,880
Tax year 2023
Assessed value
$1,208,128
Assessed 2023
Previous assessed
$1,208,128
+0.0% YoY
Effective rate
2.14%
On assessed value
Assessed land
$261,370
Assessed improvement
$946,758
Land market value
$261,370
Improvement market value
$946,758
Total market value
$1,208,128
Applied tax rate
203.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Buildings
3
Stories
1
Bathrooms
16
Total area
11,251 SF
Lot
1.82 ac (79,203 SF)
Zoning code
I1
APN
4242-20-36-0070
UPID
US18-5067735
Jurisdiction
VOLUSIA
Zoning & alternative use
I1 · Daytona Beach, FL
Zoning I1 · permitted uses
I1 · Daytona Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Daytona Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
16
Lot
1.82 ac
Current owner
From public records · entity-resolved
Vd Daytona 1 LLC
Entity
Free & Clear · 1 yrs held
Mailing address
280 NE 2ND AVE, DELRAY BEACH, FL 33444-3706
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 9, 2025
$8,400,000
Vd Daytona 1 LLC
Daytona Commerce Center LLC
Special Warranty Deed
—
Jan 4, 2024
$6,500,000
Daytona Commerce Center LLC
Monticelli Investments INC
Warranty Deed
$5,390,000 · Beb Credit Opportunity Fund LP
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
