Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3818-3860 S Nova Rd Port Orange, FL 32117

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Highly visible shopping center with high traffic and established co-tenants.

    Property size:
    3,600 SF
    Lot size:
    11.50 Acres

    Property Features for 3818-3860 S Nova Rd

    General Information

    Size
    3,600 SF
    Lot size
    11.50 Acres

    We can help!

    Listing Contact
    Nicholas Battillo
    Source: Moodyscre

    Listing Agent: Nicholas Battillo

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Space in Port Orange

    This highly visible shopping center is located in Port Orange at the signalized intersection of South Nova Road and Dunlawton Avenue. These two main roads serve the trade area and experience a combined traffic count of 66,000 vehicles per day. Co-tenants include Big Lots, Wells Fargo, Workout Anytime, and H&R Block. Fancy Fruit & Produce is coming soon. The center averages more than 755,000 visits per year. It is located directly across from a high-volume Publix-anchored shopping center. The property offers retail space with a size of 3,600 square feet.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    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.

    Similar Places Nearby

    Landmark Business Center, Countryside Shopping Center, Dunlawton Square, Park Place Plaza, Coinstar Kiosk | Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Port Orange
    County
    Volusia
    State
    Florida
    Longitude
    -81.0059892
    Latitude
    29.125706

    Nearby Similar for Lease

    • $2,650 /Mo
      1,392 SF

      Port Orange Open Office Space

      Flexible 1,392 sq ft office space with overhead door.
      4645 Clyde Morris Blvd, Port Orange, FL 32129
      View Details
    • $1,700 /Mo
      1,350 SF

      Versatile Warehouse Space Available

      Adaptable commercial space near Intracoastal Waterway, ideal for various businesses.
      4610 S Ridgewood Ave, Port Orange, FL 32127
      View Details
    • $1,700 /Mo
      1,350 SF

      Port Orange Commercial Space Available

      Open commercial space with potential synergy with neighboring business.
      4610 S Ridgewood Ave, Port Orange, FL 32127
      View Details
    • $6,312 /Mo
      64,018 SF

      Retail Space in WestPort Square

      Publix-anchored retail strip center with high visibility and ample parking.
      1646 Taylor Rd, Port Orange, FL 32128
      View Details
    • $865 /Mo
      Pending

      Port Orange Office Space Available

      Small office space for rent in Port Orange, Florida.
      4393 S Ridgewood Ave, Port Orange, FL 32127
      View Details
    • $1,095 /Mo
      580 SF

      Key West Style Office Space

      Professional office space in high-traffic location, Port Orange, Florida.
      415 Dunlawton Ave, Port Orange, FL 32127
      View Details
    • $1,500 /Mo
      1,000 SF

      Port Orange Shared Office Space

      Shared office space in a well-maintained professional office park.
      4645 Clyde Morris Blvd, Port Orange, FL 32129
      View Details
    • $20,400

      Versatile Commercial Space Near Waterway

      Adaptable commercial space suitable for diverse businesses, near Intracoastal Waterway.
      4610 S Ridgewood Ave, Port Orange, FL 32127
      View Details
    • Contact for pricing

      Retail Space Near High Traffic

      Retail space with high traffic and convenient highway access.
      1633 Taylor Rd, Port Orange, FL 32128
      View Details
    • $35 SF/Yr

      Modern Medical Office Space Available

      New medical office building in Port Orange, completion July 2025.
      5140 Clyde Morris Blvd, Port Orange, FL 32127
      View Details
    • $10 SF/Yr
      660 SF

      Port Orange Flex Space Available

      Flex and office spaces in clean industrial park for lease.
      4251 Spruce Creek Rd, Port Orange, FL 32127
      View Details
    • $26 SF/Yr

      Medical Space Sublease Opportunity

      Fully built-out medical space available for sublease on Dunlawton Avenue.
      720 Dunlawton Ave, Port Orange, FL 32127
      View Details

    FAQs

    What type of property is this?
    Shopping center - Highly visible shopping center with high traffic and established co-tenants.
    Where is this shopping center located?
    The property is located at 3818-3860 S Nova Rd Port Orange, FL.
    What are key features of this property?
    This property features: - High visibility location at the signalized intersection of S. Nova Road and Dunlawton Avenue.; - High traffic count of 66,000 vehicles per day.; - Co-tenants include Big Lots, Wells Fargo, Workout Anytime, and H&R Block.
    (407) 458-5400 Call to check price and availability
    Request Owner's contact information
    3818-3860 S Nova Rd Port Orange, FL 32117
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3818-3860 S Nova Rd
    Port Orange, FL 32117
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    3818-3860 S Nova Rd Port Orange, FL 32117
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Nicholas Battillo
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!