1031 Exchange Property with Multiple
For Sale
$1,400,000
1520 N Nova & 10th Road, Daytona Beach, FL 32117
Commercial Sale, Daytona Beach, FL
Property Size9,012 SF
Lot Size1.50 Acres
Price / SF$155.35
Days on Market419
Property Features for 1520 N Nova & 10th Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
11
Full bathrooms
11
Rooms
Bathroom 4, Bathroom 2, Bathroom 7, Bathroom 8, Bathroom 5, Bathroom 10, Bathroom 11, Bathroom 9, Bathroom 6, Bathroom 3, Bathroom 1
Parking features
Driveway
Lot features
Corner Lot
Directions
Exit I 95 LPGA head East to Nova Rd Turn right and just 1 block.
Subdivision
35 - Mason to LPGA E of 95
Standard status
Active
APN
4244-01-04-0095
Size
9,012 SF
Lot size
1.50 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Parcel 1: N 209 FT OF S 329 FT ON E/S OF E 155.5 FT ON N/S & 150 FT ON S/S & N 180.5 FT OF S 330.5 FT ON W/S OF W 100 FT OF E 255.5 FT ON N/S OF LOT 9 W OF CANAL EXC E 27.3 FT MEAS ON N/L FOR NEW R/W NOVA RD BLK 4 MASON & CARSWELLS HOLLY HILL MB 2 PG 90 MB 12 PGS 3
Tax Annual Amount
7135
Legal Description
Parcel 1: N 209 FT OF S 329 FT ON E/S OF E 155.5 FT ON N/S & 150 FT ON S/S & N 180.5 FT OF S 330.5 FT ON W/S OF W 100 FT OF E 255.5 FT ON N/S OF LOT 9 W OF CANAL EXC E 27.3 FT MEAS ON N/L FOR NEW R/W NOVA RD BLK 4 MASON & CARSWELLS HOLLY HILL MB 2 PG 90 MB 12 PGS 3
Utilities
Utilities
Water Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1959
Floors in Building
2
Number of units
12
Roof type
Shingle
Listing Agency:
Adams, Cameron & Co., Realtors
(386) 258-5500
Listed By:
Dan Lyonnais
(386) 852-7932
Added: Jul 1, 2025
Changed: Aug 20
Last Checked: Aug 23 at 4:06PM
MLS# 1215179
Copyright © 2026 Daytona Beach Area Association of Realtors. 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 1.5-acre offering consists of two parcels totaling 9,012 square feet and combines several commercial and residential components. The improvements include space for a motorcycle repair operation with laydown area, a used auto sales operation, an outbuilding with yard space, an 8-unit warehouse building, and a two-story duplex. The property generates 12 distinct income streams and is reported as 100% occupied.
Three major buildings received roof replacements within the last two years. The three septic tanks and associated leech fields were also upgraded during that period. Additional physical features include central heating and cooling, driveway parking, public water, septic service, and B-5 zoning. The property was built in 1959 and is located in an unincorporated area of Daytona Beach, Florida.
Three major buildings received roof replacements within the last two years. The three septic tanks and associated leech fields were also upgraded during that period. Additional physical features include central heating and cooling, driveway parking, public water, septic service, and B-5 zoning. The property was built in 1959 and is located in an unincorporated area of Daytona Beach, Florida.
Key Highlights
- Two parcels totaling 1.5 acres
- 9,012 square feet of improvements
- 12 distinct income streams with 100% occupancy
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
$84,880
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
6.06%
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%
$1,697,600
$1.7M
Cap Rate 7%
$1,212,571
$1.2M
Cap Rate 9%
$943,111
$943.1K
Market Conditions
NOI Build-Up for 9,012 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
$135.2K $15.00/SF
− Vacancy
−$13.9K −$1.55/SF
EGI
$121.3K $13.46/SF
− OpEx
−$36.4K −$4.04/SF
NOI
$84.9K $9.42/SF
Area
Volusia County, FL
Vacancy
10.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,697,600
Cap Rate 7%
$1,212,571
Cap Rate 9%
$943,111
Alternative Uses
Best Use
Retail
$1.21M
$1.06M – $1.41M
NOI $84,880 @ 7.0% cap · market cap 6.06%
Second Best
Multifamily LT 5
$1.13M
$988.2K – $1.32M
NOI $79,058 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$2.66M
$2.33M – $3.10M
NOI $186,008 @ 7.0% cap · market cap 13.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
625
Businesses Nearby
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?
1031 exchange property - Income-producing commercial property combines automotive operations, warehouse space, yard areas, and residential units across two parcels.
Where is this 1031 exchange property located?
The property is located at 1520 N Nova & 10th Road Daytona Beach, FL.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Two parcels totaling 1.5 acres; 9,012 square feet of improvements; 12 distinct income streams with 100% occupancy
