Ormond Beach Auto Shop
For Sale
$1,999,000
1130 S Nova Rd, Ormond Beach, FL 32174
7,179 SF building with storage yard in Ormond Beach.
Property Size7,179 SF
Price / SF$278.45
Days on Market274
Property Features for 1130 S Nova Rd
General Information
Standard status
Active
Size
7,179 SF
Property subtype
Retail
Building Details
Building Size
7,179 SF
Year Built
1963
Listing Agency:
(407) 334-4200
Listed By:
Mark Ascik · License #FL #SL3555494
(407) 334-4200
Source:
Svn
Added: Nov 21, 2025
Changed: Aug 22
Last Checked: Aug 22 at 3:45AM
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 Mark Ascik
Investment Insights
Based on property information with market context.
This 7,179 SF building in Ormond Beach, FL, presents an investment opportunity. The property, currently configured as an office and auto shop, includes a large paved storage yard with access from both Nova Rd and Maryland Ave. Zoned CC-1, the site accommodates a variety of commercial activities and can be retrofitted to suit different needs. The property features 4 rollup doors and a full office/reception area. Additionally, the property includes 34 full-length truck parking spaces and 8 boat parking spaces, all asphalted and gated, suitable for monthly rental for semi-truck, boat, RV, or equipment storage. The property has frontage on Nova Rd with a traffic volume of over 27,000 vehicles per day and proximity to thoroughfares and Interstate 95. The building is estimated to rent for $7,100 per month plus NNN, and the storage yard can be fully rented for approximately $8,000 per month plus NNN.
Key Highlights
- Prime location in Ormond Beach, FL, offering an exceptional investment opportunity.
- CC‑1 zoning allows for a wide variety of commercial activities and future flexibility.
- Significant income potential from 34 truck and 8 boat parking spaces, generating approximately $8,000/month + NNN.
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
$67,615
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
3.38%
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%
$1,352,300
$1.4M
Cap Rate 7%
$965,929
$965.9K
Cap Rate 9%
$751,278
$751.3K
Market Conditions
NOI Build-Up for 7,179 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
$107.7K $15.00/SF
− Vacancy
−$11.1K −$1.55/SF
EGI
$96.6K $13.46/SF
− OpEx
−$29.0K −$4.04/SF
NOI
$67.6K $9.42/SF
Area
Volusia County, FL
Vacancy
10.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,352,300
Cap Rate 7%
$965,929
Cap Rate 9%
$751,278
Alternative Uses
Best Use
Retail
$965.9K
$845.2K – $1.13M
NOI $67,615 @ 7.0% cap · market cap 3.38%
Second Best
Industrial
$610.6K
$534.3K – $712.3K
NOI $42,740 @ 7.0% cap · market cap 2.14%
Theoretical Best
Office A
$2.12M
$1.85M – $2.47M
NOI $148,175 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
415
Businesses Nearby
59k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 64%
Shops & Services 36%
Walmart Neighborhood Market
Groceries
37,468 visits/mo
0.4 miles
Murphy USA
Shops & Services
10,183 visits/mo
0.4 miles
7-Eleven
Shops & Services
4,861 visits/mo
0.4 miles
O'Reilly Auto Parts
Shops & Services
4,059 visits/mo
0.1 miles
Pet Paradise
Shops & Services
2,117 visits/mo
0.0 miles
Demographics for 32174, FL
53,097
Population
26,303
Households
2
Avg Household Size
55
Median Age
33%
College-Educated
93%
High-School Grad
125.4 sq mi
ZIP Area
423
Density / Sq Mi
$67,817
Median Household Income
$41,452
Median Earnings
$1,316
Median Rent
$315,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Manders Repair — 1711 N Nova Rd, Holly Hill, FL 32117
- Whitt Automotive & Radiator — 1140 15th St, Holly Hill, FL 32117
- Jeff's Restorations — 1740 N Nova Rd, Holly Hill, FL 32117
- Terrific Tire Warehouse Holly Hill — 1711 N Nova Rd Ste G, Holly Hill, FL 32117
- PPG Collision Repair Center — 1820 N Nova Rd, Holly Hill, FL 32117
Frequently Asked Questions
What type of property is this?
Auto shop - 7,179 SF building with storage yard in Ormond Beach.
Where is this auto shop located?
The property is located at 1130 S Nova Rd Ormond Beach, FL.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Prime location in Ormond Beach, FL, offering an exceptional investment opportunity.; CC‑1 zoning allows for a wide variety of commercial activities and future flexibility.; Significant income potential from **34 truck and 8 boat parking spaces, generating approximately $8,000/month + NNN.**
