Block Construction Flex
For Sale
$1,899,000
1396 N Nova Road, Daytona Beach, FL 32117
COMMERCIAL - Daytona Beach, FL
Property Size12,600 SF
Lot Size0.62 Acres
Price / SF$150.71
Days on Market138
Property Features for 1396 N Nova Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Commercial
Bathrooms
8
Full bathrooms
10
Rooms
Bathroom 8, Bathroom 1, Bathroom 6, Bathroom 2, Bathroom 7, Bathroom 5, Bathroom 9, Bathroom 4, Bathroom 10, Bathroom 3
Parking features
Guest, Parking Lot
Lot features
Corner Lot
Directions
Exit LPGA Blvd from I 95, head east to Nova Rd turn Right 2 blocks
Subdivision
41 - LPGA to Granada, E of Nova
Standard status
Active
APN
5237-06-01-0020
Size
12,600 SF
Lot size
0.62 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
E 150 FT OF LOTS 1 & 2 BLK 1 HOME ACRES UNIT 1 MB 11 PG 60 MB 11 PG 64 PER OR 2182 PG 0426 PER OR 3967 PG 1589 PER OR 7036 PG 3078 PER OR 8311 PG 0785
Tax Annual Amount
13479
Legal Description
E 150 FT OF LOTS 1 & 2 BLK 1 HOME ACRES UNIT 1 MB 11 PG 60 MB 11 PG 64 PER OR 2182 PG 0426 PER OR 3967 PG 1589 PER OR 7036 PG 3078 PER OR 8311 PG 0785
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
digital sign
roll-up door
soffit lighting
Building Details
Year built
1981
Number of units
4
Flooring type
Tile, Concrete
Building materials
Block
Roof type
Membrane, Concrete
Listing Agency:
Adams, Cameron & Co., Realtors
(386) 258-5500
Listed By:
Dan Lyonnais
(386) 852-7932
Added: Mar 30
Changed: Aug 4
Last Checked: Aug 14 at 11:06AM
MLS# 1224674
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 block construction flex building totals 12,600 SF and features durable concrete truss ceilings. The property was originally built with 16 self-contained spaces and can support a mix of front retail use and back warehouse use, including a roll-up door. The building is currently 100% leased, with an owner-occupancy option available for up to 3,900 SF for a buyer looking to establish or expand operations.
Recent capital improvements include a new digital sign installed last year, roof sealing completed on the TPO roof, new soffit lighting, and professional paint touch-ups.
Located in the Volusia County unincorporated area at 1396 N Nova Road in Daytona Beach, Florida (32117), the property is positioned for a range of commercial uses. Qualified buyers may inquire about partial owner financing.
Recent capital improvements include a new digital sign installed last year, roof sealing completed on the TPO roof, new soffit lighting, and professional paint touch-ups.
Located in the Volusia County unincorporated area at 1396 N Nova Road in Daytona Beach, Florida (32117), the property is positioned for a range of commercial uses. Qualified buyers may inquire about partial owner financing.
Key Highlights
- 12,600 SF block construction building with concrete truss ceilings
- 100% leased with immediate income and occupancy options
- Owner‑occupancy option 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
$142,083
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
7.48%
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%
$2,841,660
$2.8M
Cap Rate 7%
$2,029,757
$2.0M
Cap Rate 9%
$1,578,700
$1.6M
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
$238.9K $18.96/SF
− Vacancy
−$20.3K −$1.61/SF
EGI
$218.6K $17.35/SF
− OpEx
−$76.5K −$6.07/SF
NOI
$142.1K $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%
$2,841,660
Cap Rate 7%
$2,029,757
Cap Rate 9%
$1,578,700
Alternative Uses
Best Use
Flex RnD
$2.03M
$1.78M – $2.37M
NOI $142,083 @ 7.0% cap · market cap 7.48%
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
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
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?
Retail space - Block construction flex/warehouse building on N Nova Road, currently 100% leased with owner-occupancy available for part.
Where is this retail space located?
The property is located at 1396 N Nova Road 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 block construction building with concrete truss ceilings; 100% leased with immediate income and occupancy options; Owner‑occupancy option for up to 3,900 SF of space
