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    218 Riverside Dr Holly Hill, FL 32117
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    Property profile & analytics

    218 Riverside Dr Holly Hill, FL 32117

    View on Map
    • Bars & Pubs
    Off-Market
    Property ID
    US18-9460705
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 218 Riverside Dr

    Year built
    1946
    Property type
    Bars & Pubs
    Property subtype
    Pubs

    Description

    This exceptional mixed-use property at 218 Riverside Drive, Holly Hill, Florida, presents a unique investment opportunity. Situated on a substantial 27,442.8 square foot lot, this 1946-built property boasts a diverse range of income-generating spaces. The main structure offers 7,132 square feet under roof, encompassing a renovated 1,243 square foot owner's suite with three bedrooms and two bathrooms, a large studio apartment, and an efficiency apartment. Adding to the versatility, there's a three-car garage with integrated office space and a two-car garage featuring a workshop area. A significant 2,543 square foot metal warehouse with a lean-to provides ample storage or industrial space. Currently, a restaurant also leases space on the property. The property is zoned CC1 and enjoys a highly desirable location across from Marina Grande Luxury Riverfront Condominiums. Its proximity to major attractions, including Halifax Hospital, Daytona International Speedway, Daytona International Airport, Interstate 95 and I-4, and Daytona Beach, ensures high visibility and accessibility. Furthermore, its location offers easy access to shopping, dining, entertainment, and fishing opportunities, benefiting from the vibrancy of Daytona's Main Street events and Bike Week. The property is also conveniently located within an hour's drive of Orlando and its major theme parks. This multi-faceted property offers a compelling blend of residential and commercial income streams, making it an attractive investment for discerning buyers. The asking price is $1,500,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Holly Hill
    County
    Volusia
    State
    Florida
    Longitude
    -81.0292083
    Latitude
    29.2313435

    Comparable in this City

    • $1,400,000
      6,700 SF

      Daytona Beach Mixed-Use Investment

      Multi-parcel property with 12 income streams, 100% occupied.
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    • New
      $674,000
      7,172 SF

      Versatile Commercial Building in Holly Hill

      Mixed-use property with retail, office, and warehouse space.
      529 Ridgewood Ave, Holly Hill, FL 32117
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    • New
      $674,000
      7,172 SF

      Daytona Beach Mixed-Use Opportunity

      Versatile mixed-use property with retail, office, and warehouse space.
      529 Ridgewood Ave, Daytona Beach, FL 32117
      View Details
    • $1,400,000
      9,012 SF

      Daytona Beach Income Property

      Multi-parcel property with 12 income streams in Daytona Beach.
      1520 N 10Th St, Daytona Beach, FL 32117
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    • $350,000
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      Daytona Beach Commercial Building

      Versatile commercial building with retail and warehouse space.
      1012 N Nova Rd, Daytona Beach, FL 32117
      View Details

    Similar Nearby for Sale

    • $1,400,000
      6,700 SF

      Daytona Beach Mixed-Use Investment

      Multi-parcel property with 12 income streams, 100% occupied.
      1520 N 10Th St, Daytona Beach, FL 32117
      View Details
    • New
      $674,000
      7,172 SF

      Versatile Commercial Building in Holly Hill

      Mixed-use property with retail, office, and warehouse space.
      529 Ridgewood Ave, Holly Hill, FL 32117
      View Details
    • New
      $674,000
      7,172 SF

      Daytona Beach Mixed-Use Opportunity

      Versatile mixed-use property with retail, office, and warehouse space.
      529 Ridgewood Ave, Daytona Beach, FL 32117
      View Details
    • $1,400,000
      9,012 SF

      Daytona Beach Income Property

      Multi-parcel property with 12 income streams in Daytona Beach.
      1520 N 10Th St, Daytona Beach, FL 32117
      View Details
    • $350,000
      1,500 SF

      Daytona Beach Commercial Building

      Versatile commercial building with retail and warehouse space.
      1012 N Nova Rd, Daytona Beach, FL 32117
      View Details

    Similar Nearby for Lease

    • $10,179 /Mo
      35,971 SF

      Holly Hill Showroom with Warehouse

      8500 SF showroom/warehouse with truck access in Holly Hill.
      1027 N Nova Rd, Holly Hill, FL 32117
      View Details
    • $20,879
      17,272 SF

      Daytona Beach Industrial Facility

      17,279 SF industrial space for lease in Daytona Beach.
      1640 Mason Ave, Daytona Beach, FL 32117
      View Details
    • $12 SF/Yr

      Holly Hill Warehouse and Office

      Industrial and office spaces for lease in Holly Hill.
      525 Carswell Ave, Holly Hill, FL 32117
      View Details
    • $3,780 /Mo
      1,680 SF

      Retail/Restaurant Space in Holly Hill

      Retail and restaurant leasing opportunity in high-density residential community.
      235 Riverside Dr, Holly Hill, FL 32117
      View Details
    • $240 SF/Yr
      10,515 SF

      Prime Volusia County Office Space

      New Construction, Flexible Suites Available
      1913 Clyde Morris Blvd, Daytona Beach, FL 32117
      View Details
    • Contact for pricing
      10,770 SF

      Daytona Beach Drive-Thru Restaurant

      10,770 SF restaurant with three drive-thru lanes for rent.
      1899 S Clyde Morris Blvd, Daytona Beach, FL 32117
      View Details
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    Holly Hill, FL 32117
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    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
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