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    Daytona Beach Insurance Agency Opportunity Title is generated by Realmo AI

    856 N NOVA, Daytona Beach, FL 32117

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    For Sale
    $60,000

    Business Opportunity - DAYTONA BEACH, FL

    Property size:
    960 SF
    Price / SF:
    $62/SF
    Added:
    Apr 30, 2026
    Days on Market:
    34
    Last Refresh:
    Jun 2 at 9:06 am

    Property Features for 856 N NOVA

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    960 SF

    Building Details

    Flooring type
    Vinyl
    Architectural style
    Other

    We can help!

    Listing Contact
    Johnny Vazquez, PA

    Listing agent Johnny Vazquez, PA License #3350460

    Listing office EXP REALTY LLC 10752 Deerwood Park Blvd., Suite 100, Jacksonville, FL

    Listing date Apr 30, 2026

    MLS# O6403898 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Established insurance agency with a strong book of business exceeding $400,000 in policy premiums.
    • Prime location in a high‑traffic shopping plaza with excellent visibility and ample parking.
    • Turnkey operation with all Furniture, Fixtures, and Equipment (FF&E) included, featuring 3 dual‑monitor agent workstations.
    • Affordable lease at $1,536/month with 5 years remaining plus a 5‑year renewal option.
    • Existing reputation for luxury level customer service and a loyal client base.
    • Potential for growth through increased marketing, staffing, and cross‑selling opportunities.

    Overview

    This is an opportunity to own a fully operational, branded insurance agency in Daytona Beach, Florida. The business is strategically located in a high-traffic plaza, offering excellent visibility and easy access. The established franchise agency manages a book of business exceeding $400,000 in policy premiums, with nearly half comprised of renewal clients. The business has a solid reputation in the community and a loyal client base. The location is in a busy, high-visibility shopping plaza with ample parking, surrounded by complementary businesses. The property is fully equipped with all FF&E included, featuring 3 dual-monitor agent workstations. The lease is at $1,536 per month with 5 years remaining plus a 5-year renewal option. One licensed employee may be available to stay. The business premises occupy a space of 960 square feet. Significant upside potential exists through increased marketing, staffing, and cross-selling personal and commercial lines. The buyer must meet franchise requirements and complete the franchisor’s onboarding process, and industry licensing is required for operation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Smart Start Ignition ... Building Supply Estrella Insurance #381 Insurance Agency The Florida Health Insurance ... Insurance Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.050163
    Latitude
    29.22032

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    FAQs

    What type of property is this?
    Retail space - Turnkey insurance agency for sale in a high-traffic Daytona plaza.
    Where is this retail space located?
    The property is located at 856 N NOVA Daytona Beach, FL.
    What is the asking price?
    The asking price for this property is $60,000.
    What are key features of this property?
    This property features: Established insurance agency with a strong book of business exceeding $400,000 in policy premiums.; Prime location in a high‑traffic shopping plaza with excellent visibility and ample parking.; Turnkey operation with all Furniture, Fixtures, and Equipment (FF&E) included, featuring 3 dual‑monitor agent workstations.
    (786) 282-4939
    We can help!
    Listing Contact
    Johnny Vazquez, PA
    Real Estate License ID: 3350460
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    856 N NOVA, DAYTONA BEACH, FL 32117
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