Versatile Block Building with
For Sale
$1,899,000
1396 N NOVA Rd, Daytona Beach, FL 32117
12,600 SF block building with income and occupancy options.
Property Size12,600 SF
Price / SF$150.71
Days on Market112
Property Features for 1396 N NOVA Rd
General Information
Standard status
Active
Size
12,600 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$13,479
Building Details
Building Size
12,600 SF
Year Built
1981
Units
4
Listing Agency:
Adams Cameron & Co Daytona Beach
(386) 852-7932
Listed By:
Daniel Lyonnais · License #3196672
(386) 852-7932
Source:
Elliman
Added: Apr 24
Changed: Aug 8
Last Checked: Aug 8 at 2:59PM
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 Adams Cameron & Co Daytona Beach
Investment Insights
Based on property information with market context.
This 12,600 square foot block construction building features concrete truss ceilings and has undergone recent upgrades. The property is currently 100% leased, providing income. An owner-occupancy opportunity exists for up to 3,900 square feet of space. Originally designed with 16 self-contained spaces, the building can accommodate various uses, including retail space in the front and warehouse space in the back, complete with a roll-up door. Recent capital improvements include a new digital sign installed last year for $15,000, roof sealing on the TPO roof, new soffit lighting, and professional paint touch-ups. Located in the Volusia County Unincorporated Area, the property is suitable for many commercial uses. The property has a walk score of 37, indicating it is car-dependent, and a bike score of 44, indicating it is somewhat bikeable.
Key Highlights
- 12,600 SF top‑tier block construction building with durable concrete truss ceilings.
- Immediate income from 100% leased property.
- Owner‑occupancy opportunity for up to 3,900 SF of space.
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
$155,642
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
8.20%
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%
$3,112,840
$3.1M
Cap Rate 7%
$2,223,457
$2.2M
Cap Rate 9%
$1,729,356
$1.7M
Market Conditions
NOI Build-Up for 12,600 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
$272.2K $21.60/SF
− Vacancy
−$23.1K −$1.84/SF
EGI
$249.0K $19.76/SF
− OpEx
−$93.4K −$7.41/SF
NOI
$155.6K $12.35/SF
Area
Volusia County, FL
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$3,112,840
Cap Rate 7%
$2,223,457
Cap Rate 9%
$1,729,356
Alternative Uses
Best Use
Mixed Use
$2.22M
$1.95M – $2.59M
NOI $155,642 @ 7.0% cap · market cap 8.20%
Second Best
Retail
$1.70M
$1.48M – $1.98M
NOI $118,673 @ 7.0% cap · market cap 6.25%
Theoretical Best
Office A
$3.72M
$3.25M – $4.33M
NOI $260,064 @ 7.0% cap · market cap 13.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
613
Businesses Nearby
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?
Mixed-use property - 12,600 SF block building with income and occupancy options.
Where is this mixed-use property located?
The property is located at 1396 N NOVA Rd Daytona Beach, FL.
What is the asking price?
The asking price for this property is $1,899,000.
What are key features of this property?
This property features: 12,600 SF top‑tier block construction building with durable concrete truss ceilings.; Immediate income from 100% leased property.; Owner‑occupancy opportunity for up to 3,900 SF of space.
