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Property profile & analytics
FOR LEASE
Strip malls
235 Riverside Dr Holly Hill, FL 32117
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-7991279
For Lease
1 / 11
$1,990,000
235 Riverside Dr, Holly Hill, FL 32117
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,675 SF
Lot
0.89 ac (38,823 SF)
APN
5337-34-06-0014
UPID
US18-7991279
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.19M
Blend (final)
Blend
$1.99M
Owner & transaction history
Flisa Ventures LLC · 1 yrs held
Flisa Ventures LLC
since 2024
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.2M
+17.1%
Restaurant
$2.7M
+1.2%
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
$1,390,000
ML approach
$1,255,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,690,000
Current use
AUTO REPAIR, GARAGE
$3,150,000
Change: +17% · Conversion: Difficult
RESTAURANT
$2,720,000
Change: +1% · Conversion: Difficult
MEDICAL BUILDING
$2,480,000
Change: -8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,470,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$1.99M
Range $1.79M – $2.19M · ±10% · vs last sale $2.70M (Sep 26 2024)
Last sale anchor
$2.70M
Sep 26 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
$157 / 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
$18,566
Tax year 2023
Assessed value
$947,782
Assessed 2023
Previous assessed
$947,782
+0.0% YoY
Effective rate
1.96%
On assessed value
Assessed land
$116,469
Assessed improvement
$831,313
Land market value
$116,469
Improvement market value
$831,313
Total market value
$947,782
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Total area
12,675 SF
Lot
0.89 ac (38,823 SF)
APN
5337-34-06-0014
UPID
US18-7991279
Jurisdiction
VOLUSIA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$3.2M
RESTAURANT
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.89 ac
Current owner
From public records · entity-resolved
Flisa Ventures LLC
Entity
Free & Clear · 1 yrs held
Mailing address
231 RIVERSIDE DR UNIT #2205, HOLLY HILL, FL 32117-4965
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
35 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 26, 2024
$2,700,000
Flisa Ventures LLC
Halifax Holdings LLC
Warranty Deed
—
Jun 15, 2023
—
Schlachet Eyton
Elan Schlachet
Intrafamily Transfer
related
—
Jun 22, 2011
—
Ross C Wheeler
Wheeler,ross C & Kelly
Quit Claim Deed
related
—
Mar 14, 2008
$875,000
Caro Villota LLC
Holly Hill I Associates Ltd
Grant Deed
$612,500 · Colonial Bank
Feb 20, 2008
$522,000
Marcia H Litt
Holly Hill I Associates Ltd
Grant Deed
$417,000 · Countrywide Bank
Feb 6, 2008
$540,000
Mer Realty Corp
Holly Hill I Associates Ltd
Grant Deed
$378,000 · Intercredit Bank NA
Feb 6, 2008
$470,000
Iberias Holdings Corp
Holly Hill I Associates Ltd
Grant Deed
related
$329,000 · Ocean Bank
Feb 1, 2008
$606,000
George A Fath
Holly Hill I Associates Ltd
Grant Deed
$484,800 · Countrywide Bank
Jan 28, 2008
$530,000
Elan Schlachet
Holly Hill I Associates Ltd
Special Warranty Deed
$417,000 · Taylor Bean & Whitaker Mortgage Cor
Jan 25, 2008
$505,000
Inversiones Enmori LLC
Holly Hill I Associates Ltd
Grant Deed
—
Jan 22, 2008
$607,000
Frank J Mcgovern
Holly Hill I Associates Ltd
Special Warranty Deed
$417,000 · Wells Fargo Bank NA
Jan 9, 2008
$471,000
Kamal R Ruparelia
Holly Hill I Associates Ltd
Special Warranty Deed
$376,800 · Jpmorgan Chase Bank NA
Jan 4, 2008
$566,500
Richard M Lipton
Holly Hill I Associates Ltd
Special Warranty Deed
$417,000 · Wells Fargo Bank NA
Jan 4, 2008
$688,000
Ross C Wheeler
Holly Hill I Associates Ltd
Special Warranty Deed
$417,000 · Jpmorgan Chase Bank NA
Dec 31, 2007
$565,000
Robert A Miner
Holly Hill I Associates Ltd
Special Warranty Deed
$417,000 · Jpmorgan Chase Bank NA
Dec 26, 2007
$490,000
Charles Smallman
Holly Hill I Associates Ltd
Special Warranty Deed
$392,000 · Jpmorgan Chase Bank NA
Dec 20, 2007
$479,500
Zonya C Johnson
Holly Hill I Associates Ltd
Special Warranty Deed
$383,000 · Jpmorgan Chase Bank NA
Dec 20, 2007
$508,000
All Access Realty INC
Holly Hill I Associates Ltd
Grant Deed
—
Dec 17, 2007
$535,000
William Over
Holly Hill I Associates Ltd
Special Warranty Deed
$417,000 · Jpmorgan Chase Bank NA
Dec 5, 2007
$450,000
Richard Estalella
Holly Hill I Associates Ltd
Special Warranty Deed
$360,000 · Wells Fargo Bank NA
Dec 5, 2007
$565,000
Aziz S Jasani
Holly Hill I Associates Ltd
Special Warranty Deed
$417,000 · Jpmorgan Chase Bank NA
Nov 29, 2007
$515,500
Douglas J Van Tornhout
Holly Hill I Associates Ltd
Special Warranty Deed
$412,000 · Jpmorgan Chase Bank NA
Nov 28, 2007
$524,500
James M Eddy
Holly Hill I Associates Ltd
Special Warranty Deed
$324,000 · Jpmorgan Chase Bank NA
Nov 28, 2007
$509,000
Ji S Choi
Holly Hill I Associates Ltd
Special Warranty Deed
$407,200 · Jpmorgan Chase Bank NA
Nov 26, 2007
$440,000
Dawn P Dekoning
Holly Hill I Associates Ltd
Special Warranty Deed
$352,000 · Jpmorgan Chase Bank NA
Nov 14, 2007
$530,000
Harold A Diamond
Holly Hill I Associates Ltd
Special Warranty Deed
$417,000 · Jpmorgan Chase Bank NA
Nov 8, 2007
$560,000
Robert E Fischer
Holly Hill I Associates Ltd
Special Warranty Deed
$448,000 · Jpmorgan Chase Bank NA
Nov 7, 2007
$418,500
Paul Zaplitny
Holly Hill I Associates Ltd
Special Warranty Deed
$355,725 · Wells Fargo Bank NA
Nov 7, 2007
$498,000
Pragnesh H Patel
Holly Hill I Associates Ltd
Special Warranty Deed
$392,000 · Jpmorgan Chase Bank NA
Nov 1, 2007
$453,000
Margaret Toole
Holly Hill I Associates Ltd
Special Warranty Deed
$362,400 · Jpmorgan Chase Bank NA
Nov 1, 2007
$535,000
Viera Uhlarova
Holly Hill I Associates Ltd
Special Warranty Deed
$417,000 · Jpmorgan Chase Bank NA
Oct 29, 2007
$480,000
Constance F Borasky
Holly Hill Associates Ltd
Special Warranty Deed
$384,000 · Jpmorgan Chase Bank NA
Oct 24, 2007
$740,000
Robert J Sorrentino
Holly Hill I Associates Ltd
Special Warranty Deed
$592,000 · Jpmorgan Chase Bank NA
Dec 20, 2005
—
Holly Hill I Associates Ltd
—
Deed Of Trust
related
$178,000,000 · Hsh Nordbank Ag
Dec 19, 2005
—
Holly Hill Holdings Ltd
Holly Hill Associates Ltd
Quit Claim Deed
related
—
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.
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