Flex Building with Owner-Occupancy
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 Market184
Property Features for 1396 N NOVA Road
General Information
Property type
Commercial Sale
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: Oct 2
Last Checked: Oct 7 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 flex property contains 12,600 square feet in a block-construction building completed in 1981. Concrete truss ceilings, central air, a TPO roof, and a configuration originally designed around 16 self-contained spaces support a range of commercial layouts. The interior can accommodate retail-oriented space at the front and warehouse use toward the rear, including a roll-up door.
The property is currently 100% leased, while up to 3,900 square feet may be available for owner occupancy. Recent improvements include roof sealing, new soffit lighting, professional paint touch-ups, and a digital sign installed last year. The site encompasses 0.63 acres in the Volusia County unincorporated area and carries zoning designation 01B5.
The property is currently 100% leased, while up to 3,900 square feet may be available for owner occupancy. Recent improvements include roof sealing, new soffit lighting, professional paint touch-ups, and a digital sign installed last year. The site encompasses 0.63 acres in the Volusia County unincorporated area and carries zoning designation 01B5.
Key Highlights
- 12,600 SF block‑construction flex building on 0.63 acres
- 100% leased with owner‑occupancy opportunity for up to 3,900 SF
- Originally configured as 16 self‑contained spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$142,083
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
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
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 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
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Current Use
Lease Details
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Block construction property combines leased space with room for an owner-operated commercial presence.
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 flex building on 0.63 acres; 100% leased with owner‑occupancy opportunity for up to 3,900 SF; Originally configured as 16 self‑contained spaces
