Industrial Flex Building with Roll-Up
For Sale
$1,899,000
1396 N NOVA Road, Daytona Beach, FL 32117
Commercial Sale, DAYTONA BEACH, FL
Property Size12,600 SF
Lot Size0.63 Acres
Price / SF$150.71
Days on Market139
Property Features for 1396 N NOVA Road
General Information
Property type
Residential
Property subtype
Retail
Zoning
01B5
Subdivision
HOME ACRES UNIT 01
Directions
Exit LPGA Blvd from I 95, head east to Nova Rd turn Right 2 blocks
Standard status
Active
APN
5237-06-01-0020
Size
12,600 SF
Lot size
0.63 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
E 150 FT OF LOTS 1 & 2 BLK 1 HOME ACRES UNIT 1 MB 11 PG 60 MB 11 PG 64 PER OR 2182 PG 0426 PER OR 3967 PG 1589 PER OR 7036 PG 3078 PER OR 8311 PG 0785
Tax Annual Amount
13479
Legal Description
E 150 FT OF LOTS 1 & 2 BLK 1 HOME ACRES UNIT 1 MB 11 PG 60 MB 11 PG 64 PER OR 2182 PG 0426 PER OR 3967 PG 1589 PER OR 7036 PG 3078 PER OR 8311 PG 0785
Utilities
Cooling system
Central Air
Building Details
Year built
1981
Number of units
4
Building materials
Block
Listing Agency:
ADAMS, CAMERON & CO., REALTORS
(386) 738-1920
Listed By:
Daniel Lyonnais · License #3196672
(386) 852-7932
Added: Apr 7
Changed: Aug 19
Last Checked: Aug 23 at 12:06PM
MLS# V4948350
Copyright © 2026 Stellar MLS. 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 industrial flex building is constructed with top-tier block and features concrete truss ceilings. The property totals 12,600 SF and was originally designed as 16 self-contained spaces, supporting a flexible layout that can pair retail frontage with functional warehouse use at the rear, including a roll-up door. The building is currently 100% leased, with an owner-occupancy option available for up to 3,900 SF. Recent capital improvements include a new digital sign installed last year, roof sealing on the TPO roof, new soffit lighting, and professional paint touch-ups.
The property is located at 1396 N NOVA Road in the Volusia County unincorporated area of Daytona Beach, Florida. Zoning is listed as 01B5.
Set on a 0.63-acre lot, the asset is positioned for a variety of commercial uses, and qualified buyers may inquire about the possibility of partial owner financing.
The property is located at 1396 N NOVA Road in the Volusia County unincorporated area of Daytona Beach, Florida. Zoning is listed as 01B5.
Set on a 0.63-acre lot, the asset is positioned for a variety of commercial uses, and qualified buyers may inquire about the possibility of partial owner financing.
Key Highlights
- 12,600 SF block construction commercial building built in 1981
- Currently 100% leased for stable occupancy and income
- Owner‑occupancy option for up to 3,900 SF
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
$142,083
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
7.48%
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%
$2,841,660
$2.8M
Cap Rate 7%
$2,029,757
$2.0M
Cap Rate 9%
$1,578,700
$1.6M
Market Conditions
NOI Build-Up for 12,600 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
$238.9K $18.96/SF
− Vacancy
−$20.3K −$1.61/SF
EGI
$218.6K $17.35/SF
− OpEx
−$76.5K −$6.07/SF
NOI
$142.1K $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%
$2,841,660
Cap Rate 7%
$2,029,757
Cap Rate 9%
$1,578,700
Alternative Uses
Best Use
Flex RnD
$2.03M
$1.78M – $2.37M
NOI $142,083 @ 7.0% cap · market cap 7.48%
Second Best
Retail
$1.70M
$1.48M – $1.98M
NOI $118,673 @ 7.0% cap · market cap 6.25%
Theoretical Best
Office A
$3.72M
$3.25M – $4.33M
NOI $260,064 @ 7.0% cap · market cap 13.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
633
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 Industrial 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 - Block-built flex facility offers 100% leased space and potential owner-occupancy up to 3,900 SF.
Where is this flex space located?
The property is located at 1396 N NOVA Road Daytona Beach, FL.
What is the asking price?
The asking price for this property is $1,899,000.
What are key features of this property?
This property features: 12,600 SF block construction commercial building built in 1981; Currently 100% leased for stable occupancy and income; Owner‑occupancy option for up to 3,900 SF
