Flex Space with Warehouse
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 Market74
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
5341-10-00-0A60
Size
3,000 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
UNIT A-6 STONEWORK CONDO PER OR 5923 PG 3145 PER OR 5965 PG 1121 PER OR 6804 PG 1569 UNIT A-7 STONEWORK CONDO PER OR 5923 PG 3145 PER OR 5965 PG 1121 PER OR 6804 PG 1569 UNIT A-8 STONEWORK CONDO PER OR 5923 PG 3145 PER OR 5965 PG 1121 PER OR 6804 PG 1569
Tax Annual Amount
5043
HOA Fee
$837 Monthly
Legal Description
UNIT A-6 STONEWORK CONDO PER OR 5923 PG 3145 PER OR 5965 PG 1121 PER OR 6804 PG 1569 UNIT A-7 STONEWORK CONDO PER OR 5923 PG 3145 PER OR 5965 PG 1121 PER OR 6804 PG 1569 UNIT A-8 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 11:06PM
MLS# 1227738
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-space condominium contains 3,000 square feet and is configured for immediate occupancy or renovation. The layout includes separate retail and warehouse entrances, a private office, two dedicated bathrooms, and a 14-foot grade-level overhead door. A mezzanine adds upstairs storage capacity, while central air supports the interior workspace. Parking is provided in a shared lot.
The property is located at 1725 S Nova Road in South Daytona, with access to I-95 and other major thoroughfares. It was built in 1981 and is part of a professionally managed condominium association. Association services include exterior maintenance, water, and trash, reducing the owner's direct responsibility for those items.
The property is located at 1725 S Nova Road in South Daytona, with access to I-95 and other major thoroughfares. It was built in 1981 and is part of a professionally managed condominium association. Association services include exterior maintenance, water, and trash, reducing the owner's direct responsibility for those items.
Key Highlights
- 3,000 square feet of vacant flex‑space condominium
- 14‑foot overhead grade‑level door for loading access
- Separate retail and warehouse entrances
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
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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- Cravings To Go — 933 Beville Rd Unit 102C, South Daytona, FL 32119
Frequently Asked Questions
What type of property is this?
Flex space - Vacant commercial condominium with separate customer and operational entrances, private office space, and two bathrooms.
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 condominium; 14‑foot overhead grade‑level door for loading access; Separate retail and warehouse entrances
