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Multi-Purpose Flex Property For Sale

1010 S Nova Road, Ormond Beach, FL 32174

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For Sale

$999,000

Flex property with warehouse, showroom, and storage/parking area.

Type:Commercial/Industrial

Property size:

5,000 SF

Lot size:

0.74 Acres

Price / SF:

$199/SF

HighLights

+/-19,000 SF gated & fenced area ideal for Boat/RV/Trailer & U‑Haul storage & parking.
Features a 5,000 SF building with warehouse/shop space and showroom/retail area.
High‑traffic location at the SW corner of Arroyo Pkwy and Nova Rd.
Light Industrial zoning with Ormond Beach address.
Phase 3 Electric and Daytona City Water available.
Roll‑up door access to warehouse/shop space.

We can help!

Listing Contact

David Galt

For Sale

$999,000

Flex property with warehouse, showroom, and storage/parking area.

Type:Commercial/Industrial

Property size:

5,000 SF

Lot size:

0.74 Acres

Price / SF:

$199/SF

Added:: Feb 6, 2025
Days on Market:: 495
Last Refresh:: May 19 at 9:48 pm

Property Features for 1010 S Nova Road

General Information

Standard status: Active
Size: 5,000 SF
Lot size: 0.74 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1980

We can help!

Listing Contact

David Galt

Listing agent David Galt License #3243843

Listing office Coldwell Banker Commercial Benchmark

Listing date Feb 6, 2025

Source Exitrealty

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 Coldwell Banker Commercial Benchmark

HighLights

+/-19,000 SF gated & fenced area ideal for Boat/RV/Trailer & U‑Haul storage & parking.
Features a 5,000 SF building with warehouse/shop space and showroom/retail area.
High‑traffic location at the SW corner of Arroyo Pkwy and Nova Rd.
Light Industrial zoning with Ormond Beach address.
Phase 3 Electric and Daytona City Water available.
Roll‑up door access to warehouse/shop space.

Overview

This multi-purpose flex property is located at the southwest corner of Arroyo Parkway and Nova Road. It features a gated and fenced area of approximately 19,000 square feet, currently utilized for boat, RV, trailer, and U-Haul storage and parking, with access from both Arroyo Parkway and Nova Road. The building encompasses 5,000 square feet, including approximately 2,500 square feet of warehouse or shop space with a roll-up door at the rear. The front of the building offers an 1,800+ square foot showroom or retail area, along with two offices of 130+ square feet each, and a break room with two restrooms. Utilities include Phase 3 electric and Daytona City water. The county zoning is Light Industrial, and the property has an Ormond Beach address.

Local Financial Insights For Flex RnD

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$94.8k	$18.96
− Vacancy	−$8.1k	−$1.61
EGI	$86.7k	$17.35
− OpEx	−$30.4k	−$6.07
NOI	$56.4k	$11.28

5,000 SF · lease $18.96/SF/yr · vacancy 8.50% · expense 35.00%

Alternative Uses

Best Use

Flex RnD

$805.5K

$704.8K – $939.7K (±1% cap)

NOI $56,382 @ 7.0% cap · market cap 5.64%

Second Best

Retail

$672.8K

$588.7K – $784.9K (±1% cap)

NOI $47,093 @ 7.0% cap · market cap 4.71%

Theoretical Best

Office A

$1.47M

$1.29M – $1.72M (±1% cap)

NOI $103,200 @ 7.0% cap · market cap 10.33%

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

Property Profile Location Intelligence

Current Use by Public Records

U-Haul Neighborhood Dealer Car Rental Facility Tow Boat Us Storage Facility

Suggested Use

Location Insight

Map
Local Demand

City: Ormond Beach
County: Volusia
State: Florida
Longitude: -81.0735
Latitude: 29.2563

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For sale
Flex space
FL
Ormond Beach
32174
1010 S Nova Road

What type of property is this?

Flex space - Flex property with warehouse, showroom, and storage/parking area.

Where is this flex space located?

The property is located at 1010 S Nova Road Ormond Beach, FL.

What is the asking price?

The asking price for this property is $999,000.

What are key features of this property?

This property features: +/-19,000 SF gated & fenced area ideal for Boat/RV/Trailer & U‑Haul storage & parking.; Features a 5,000 SF building with warehouse/shop space and showroom/retail area.; High‑traffic location at the SW corner of Arroyo Pkwy and Nova Rd.