Flex Space with
For Sale
$335,000
1012 N Nova Road, Daytona Beach, FL 32117
COMMERCIAL - Daytona Beach, FL
Property Size1,500 SF
Lot Size0.14 Acres
Price / SF$223.33
Days on Market151
Property Features for 1012 N Nova Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Parking Lot
Security features
Security System
Lot features
Cleared
Directions
Heading east on US-92 (International Speedway Blvd) from I-95. Turn left (north) onto N. Nova Road. Proceed approximately 1 mile; 1012 N. Nova Road will be on your left.
Subdivision
42 - LPGA to Granada, W of Nova & E of 95
Standard status
Active
APN
5237-06-23-0051
Size
1,500 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
37-15-32 N 49 FT OF E 128 FT OF LOT 5 BLK 23 HOME ACRES UNIT 1 MB 11 PG 60 MB 11 PG 64 PER OR 2240 PG 1543 PER OR 7302 PGS 2859-2860 PER OR 8522 PG 4234 PER OR 8674 PG 3856
Tax Annual Amount
2433
Legal Description
37-15-32 N 49 FT OF E 128 FT OF LOT 5 BLK 23 HOME ACRES UNIT 1 MB 11 PG 60 MB 11 PG 64 PER OR 2240 PG 1543 PER OR 7302 PGS 2859-2860 PER OR 8522 PG 4234 PER OR 8674 PG 3856
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
air conditioning
new flooring
spray foam insulation
Building Details
Year built
1980
Floors in Building
1
Flooring type
Laminate
Roof type
Shingle
Listing Agency:
Realty Pros Commercial
(386) 253-8565
Listed By:
Tom Ryan · License #3278836
(386) 295-0958
Added: Mar 16
Changed: Aug 4
Last Checked: Aug 13 at 10:06AM
MLS# 1224191
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 1,500-square-foot flex building, constructed in 1980, provides a practical mix of showroom and warehouse space within a 30-by-50-foot structure. Approximately 600 square feet is dedicated to retail or showroom use, while the remaining 900 square feet serves as warehouse area. Both sections are air conditioned, and the interior has been renovated with new laminate flooring throughout. Spray foam insulation supports consistent interior climate control.
The property sits on 0.14 acres and is zoned BA - Business Automotive. Central heating and cooling, a parking lot, public water, public sewer, and a shingle roof are already in place. The building’s configuration supports a range of commercial applications, including retail, service, contractor, storage, and light industrial operations.
The property sits on 0.14 acres and is zoned BA - Business Automotive. Central heating and cooling, a parking lot, public water, public sewer, and a shingle roof are already in place. The building’s configuration supports a range of commercial applications, including retail, service, contractor, storage, and light industrial operations.
Key Highlights
- 1,500 SF building with approximately 600 SF of showroom and 900 SF of warehouse space
- 30' x 50' structure with both retail and warehouse areas under air conditioning
- BA - Business Automotive zoning
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
$16,915
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
5.05%
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%
$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
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
$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 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%
$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 5.05%
Second Best
Retail
$201.8K
$176.6K – $235.5K
NOI $14,128 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$442.3K
$387.0K – $516.0K
NOI $30,960 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
651
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Renovated commercial building combines conditioned showroom and warehouse areas with BA Business Automotive zoning.
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 $335,000.
What are key features of this property?
This property features: 1,500 SF building with approximately 600 SF of showroom and 900 SF of warehouse space; 30' x 50' structure with both retail and warehouse areas under air conditioning; BA - Business Automotive zoning
