Flex Space with
For Sale
$465,000
1725 S Nova Road, South Daytona, FL 32119
Commercial Sale, South Daytona, FL
Property Size3,000 SF
Lot Size0.02 Acres
Price / SF$155
Days on Market73
Property Features for 1725 S Nova Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Industrial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
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
534110000A10
Size
3,000 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
UNIT A-1 STONEWORK CONDO PER OR 5923 PG 3145 PER OR 5965 PG 1121 PER OR 6804 PG 1569 UNIT A-2 STONEWORK CONDO PER OR 5923 PG 3145 PER OR 5965 PG 1121 PER OR 6804 PG 1569UNIT A-3 STONEWORK CONDO PER OR 5923 PG 3145 PER OR 5965 PG 1121 PER OR 6804 PG 1569
Tax Annual Amount
5117
HOA Fee
$837 Monthly
Legal Description
UNIT A-1 STONEWORK CONDO PER OR 5923 PG 3145 PER OR 5965 PG 1121 PER OR 6804 PG 1569 UNIT A-2 STONEWORK CONDO PER OR 5923 PG 3145 PER OR 5965 PG 1121 PER OR 6804 PG 1569UNIT A-3 STONEWORK CONDO PER OR 5923 PG 3145 PER OR 5965 PG 1121 PER OR 6804 PG 1569
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 4:06PM
MLS# 1227744
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 vacant flex property provides 3,000 square feet in a warehouse-condominium format, with a practical separation between customer-facing office functions and warehouse operations. The interior includes 2 private offices, 2 bathrooms, central air conditioning, and a mezzanine that adds upstairs storage capacity. A 14-foot grade-level overhead door supports loading and material movement, while separate entrances serve the office and warehouse areas.
Built in 1981, the property includes parking lot access and is located at 1725 S Nova Road in South Daytona. I-95 access and nearby major thoroughfares support regional connectivity. The professionally managed condominium association covers exterior maintenance, water, and trash, reducing the owner’s direct responsibility for those items. The property is suited to a range of flex, warehouse, distribution, light manufacturing, and service-oriented operations supported by the existing layout.
Built in 1981, the property includes parking lot access and is located at 1725 S Nova Road in South Daytona. I-95 access and nearby major thoroughfares support regional connectivity. The professionally managed condominium association covers exterior maintenance, water, and trash, reducing the owner’s direct responsibility for those items. The property is suited to a range of flex, warehouse, distribution, light manufacturing, and service-oriented operations supported by the existing layout.
Key Highlights
- 3,000 square feet of vacant flex space
- 14‑foot overhead grade‑level loading door
- Mezzanine provides additional upstairs storage
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
$33,829
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
7.28%
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%
$676,580
$676.6K
Cap Rate 7%
$483,271
$483.3K
Cap Rate 9%
$375,878
$375.9K
Market Conditions
NOI Build-Up for 3,000 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
$56.9K $18.96/SF
− Vacancy
−$4.8K −$1.61/SF
EGI
$52.0K $17.35/SF
− OpEx
−$18.2K −$6.07/SF
NOI
$33.8K $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%
$676,580
Cap Rate 7%
$483,271
Cap Rate 9%
$375,878
Alternative Uses
Best Use
Flex RnD
$483.3K
$422.9K – $563.8K
NOI $33,829 @ 7.0% cap · market cap 7.28%
Second Best
Warehouse
$344.7K
$301.6K – $402.1K
NOI $24,128 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$884.6K
$774.0K – $1.03M
NOI $61,920 @ 7.0% cap · market cap 13.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
819
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 Industrial in South region
Questions? Ask Rey
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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 - Vacant flex property with separate office and warehouse access, private offices, bathrooms, and central air conditioning.
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 $465,000.
What are key features of this property?
This property features: 3,000 square feet of vacant flex space; 14‑foot overhead grade‑level loading door; Mezzanine provides additional upstairs storage
