Flex Building with Showroom and
For Sale
$299,999
1012 N Nova Road, Daytona Beach, FL 32117
A renovated, climate-controlled interior combines customer-facing space with a dedicated warehouse area.
Property Size1,500 SF
Price / SF$199
Days on Market228
Property Features for 1012 N Nova Road
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Business
Zoning
BA
Warehouse & Industrial
Warehouse Space
900 SF
Conditioned Warehouse
Yes
Additional Details
Mixed-Use Components
retail, warehouse
Property Use
Warehouse
Taxes and HOA fees
Annual Taxes
$2,433
Building Details
Building Size
1,500 SF
Year Built
1980
Buildings
1
Listing Agency:
Coastal Ventures Real Estate
Listed By:
Ashley Flatley · License #3361969
(904) 315-8547
Source:
Coastalventures
Added: Mar 17
Changed: Oct 27
Last Checked: Oct 27 at 4:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coastal Ventures Real Estate
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Investment Insights
Based on property information with market context.
This 1,500-square-foot flex building dates to 1980 and measures 30 feet by 50 feet. Its layout includes approximately 600 square feet of showroom space and 900 square feet of warehouse area, with air conditioning throughout. Renovated flooring serves both sections, and spray foam insulation is installed across the building. The property is zoned BA - Business Automotive.
Key Highlights
- 1,500‑square‑foot building with a 30' x 50' footprint
- Approximately 600 square feet of retail/showroom area and 900 square feet of warehouse space
- Air conditioning throughout the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,915
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,300
$338.3K
Cap Rate 7%
$241,643
$241.6K
Cap Rate 9%
$187,944
$187.9K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$28.4K $18.96/SF
− Vacancy
−$2.4K −$1.61/SF
EGI
$26.0K $17.35/SF
− OpEx
−$9.1K −$6.07/SF
NOI
$16.9K $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 Rate 5%
$338,300
Cap Rate 7%
$241,643
Cap Rate 9%
$187,944
Alternative Uses
Best Use
Flex RnD
$241.6K
$211.4K – $281.9K
NOI $16,915 @ 7.0% cap · market cap 5.64%
Second Best
Retail
$201.8K
$176.6K – $235.5K
NOI $14,128 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$442.3K
$387.0K – $516.0K
NOI $30,960 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
651
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 32117, FL
28,223
Population
14,392
Households
2
Avg Household Size
43
Median Age
21%
College-Educated
90%
High-School Grad
12.0 sq mi
ZIP Area
2,352
Density / Sq Mi
$52,132
Median Household Income
$32,189
Median Earnings
$1,392
Median Rent
$175,500
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - A renovated, climate-controlled interior combines customer-facing space with a dedicated warehouse area.
Where is this flex space located?
The property is located at 1012 N Nova Road Daytona Beach, FL.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: 1,500‑square‑foot building with a 30' x 50' footprint; Approximately 600 square feet of retail/showroom area and 900 square feet of warehouse space; Air conditioning throughout the building
