Flex Building with In-Place
For Sale
$1,250,000
1725 S Nova Road, South Daytona, FL 32119
Commercial Sale, South Daytona, FL
Property Size10,000 SF
Lot Size0.02 Acres
Price / SF$125
Days on Market235
Property Features for 1725 S Nova Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
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
5341-10-00-0A10
Size
10,000 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
UNIT A-1-10 STONEWORK CONDO PER OR 5923 PG 3145 PER OR 5965 PG 1121 PER OR 6804 PG 1569
Tax Annual Amount
16749
HOA Fee
$2,790 Monthly
Legal Description
UNIT A-1-10 STONEWORK CONDO PER OR 5923 PG 3145 PER OR 5965 PG 1121 PER OR 6804 PG 1569
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1981
Listing Agency:
Realty Pros Commercial
(386) 253-8565
Listed By:
Kayla Williams · License #3506971
(386) 338-1330
Added: Jan 19
Changed: Aug 26
Last Checked: Sep 11 at 6:06AM
MLS# 1221941
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.
Offered for sale as a complete 10,000-square-foot flex building, this property combines an existing leased component with space available for an owner-user. The in-place lease covers 4,000 square feet and runs through July 2027, providing an established occupancy component within the building.
Constructed in 1981, the property includes a parking lot and is served by public water and public sewer. The asset is located at 1725 S Nova Road in South Daytona, Florida, within Volusia County.
Constructed in 1981, the property includes a parking lot and is served by public water and public sewer. The asset is located at 1725 S Nova Road in South Daytona, Florida, within Volusia County.
Key Highlights
- 10,000 SF flex building offered in full
- 4,000 SF leased through July 2027
- Owner‑user space available within the building
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
$112,765
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
9.02%
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%
$2,255,300
$2.3M
Cap Rate 7%
$1,610,929
$1.6M
Cap Rate 9%
$1,252,944
$1.3M
Market Conditions
NOI Build-Up for 10,000 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
$189.6K $18.96/SF
− Vacancy
−$16.1K −$1.61/SF
EGI
$173.5K $17.35/SF
− OpEx
−$60.7K −$6.07/SF
NOI
$112.8K $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%
$2,255,300
Cap Rate 7%
$1,610,929
Cap Rate 9%
$1,252,944
Alternative Uses
Best Use
Flex RnD
$1.61M
$1.41M – $1.88M
NOI $112,765 @ 7.0% cap · market cap 9.02%
Second Best
Industrial
$850.5K
$744.2K – $992.3K
NOI $59,535 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$2.95M
$2.58M – $3.44M
NOI $206,400 @ 7.0% cap · market cap 16.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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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 - Full-building flex property with an occupied section and additional space for owner-user operations.
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 $1,250,000.
What are key features of this property?
This property features: 10,000 SF flex building offered in full; 4,000 SF leased through July 2027; Owner‑user space available within the building
