Climate-Controlled Flex
For Sale
$330,000
1725 S Nova Road, South Daytona, FL 32119
Commercial Sale, South Daytona, FL
Property Size2,000 SF
Lot Size0.02 Acres
Price / SF$165
Days on Market73
Property Features for 1725 S Nova Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Industrial
Parking features
Parking Lot
Directions
SOUTH OF BEVILLE ON NOVA IN STONEWORK BUSINESS PARK
Subdivision
25 - Daytona S of Beville, E of Nova
Standard status
Active
APN
5341-10-00-0A90
Size
2,000 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
UNIT A-9 STONEWORK CONDO PER OR 5923 PG 3145 PER OR 6104 PG 0114 PER OR 7549 PG 2476 UNIT A-10 STONEWORK CONDO PER OR 5923 PG 3145 PER OR 6104 PG 0114 PER OR 7549 PG 2476
Tax Annual Amount
4720
HOA Fee
$558 Monthly
Legal Description
UNIT A-9 STONEWORK CONDO PER OR 5923 PG 3145 PER OR 6104 PG 0114 PER OR 7549 PG 2476 UNIT A-10 STONEWORK CONDO PER OR 5923 PG 3145 PER OR 6104 PG 0114 PER OR 7549 PG 2476
Utilities
Cooling system
Central Air
Building Details
Year built
1981
Listing Agency:
Realty Pros Commercial
(386) 253-8565
Listed By:
Kayla Williams · License #3506971
(386) 338-1330
Added: Jun 19
Changed: Aug 20
Last Checked: Aug 30 at 6:06PM
MLS# 1227741
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 2,000-square-foot flex space combines conditioned commercial workspace with a practical office component. Central air serves the unit, which includes a reception area, two private main-floor offices, a private restroom, and upstairs storage. Drop ceilings and a 9-foot overhead roll-up door support both professional presentation and equipment or materials access.
The property is located at 1725 S Nova Road in South Daytona, Florida, with on-site parking available in a parking lot. Built in 1981, the space carries light industrial zoning that permits a variety of business uses, including automotive repair. Its combination of warehouse functionality, office areas, storage, and climate control accommodates businesses requiring both work and administrative space.
The property is located at 1725 S Nova Road in South Daytona, Florida, with on-site parking available in a parking lot. Built in 1981, the space carries light industrial zoning that permits a variety of business uses, including automotive repair. Its combination of warehouse functionality, office areas, storage, and climate control accommodates businesses requiring both work and administrative space.
Key Highlights
- 2,000 square feet of flex space with central air
- Light industrial zoning permits a variety of business uses, including automotive repair
- Two private offices, reception area, and private restroom on the main floor
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
$29,970
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
9.08%
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%
$599,400
$599.4K
Cap Rate 7%
$428,143
$428.1K
Cap Rate 9%
$333,000
$333.0K
Market Conditions
NOI Build-Up for 2,000 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
$43.2K $21.60/SF
− Vacancy
−$3.2K −$1.62/SF
EGI
$40.0K $19.98/SF
− OpEx
−$10.0K −$5.00/SF
NOI
$30.0K $14.99/SF
Area
Volusia County, FL
Vacancy
7.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$599,400
Cap Rate 7%
$428,143
Cap Rate 9%
$333,000
Alternative Uses
Best Use
Office B
$428.1K
$374.6K – $499.5K
NOI $29,970 @ 7.0% cap · market cap 9.08%
Second Best
Flex RnD
$322.2K
$281.9K – $375.9K
NOI $22,553 @ 7.0% cap · market cap 6.83%
Theoretical Best
Office A
$589.7K
$516.0K – $688.0K
NOI $41,280 @ 7.0% cap · market cap 12.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
913
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32119, FL
22,498
Population
12,629
Households
1.8
Avg Household Size
50
Median Age
27%
College-Educated
91%
High-School Grad
7.8 sq mi
ZIP Area
2,884
Density / Sq Mi
$53,795
Median Household Income
$37,675
Median Earnings
$1,371
Median Rent
$215,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Cravings To Go — 933 Beville Rd Unit 102C, South Daytona, FL 32119
Frequently Asked Questions
What type of property is this?
Flex space - Light industrial zoning supports a range of business uses, including automotive repair.
Where is this flex space located?
The property is located at 1725 S Nova Road South Daytona, FL.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: 2,000 square feet of flex space with central air; Light industrial zoning permits a variety of business uses, including automotive repair; Two private offices, reception area, and private restroom on the main floor
