Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Daytona Promenade Retail Space Available Title is generated by Realmo AI

    1441 S Nova Rd, Daytona Beach, FL 32114

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail and office spaces for lease in Daytona Beach.

    Type:Retail, Office
    Property size:
    145,417 SF
    Added:
    Mar 14, 2022
    Days on Market:
    1536
    Last Refresh:
    May 12 at 9:42 pm

    Property Features for 1441 S Nova Rd

    General Information

    Standard status
    Active
    Size
    145,417 SF
    Property subtype
    Retail, Office

    Spaces For Lease

    at 1441 S Nova Rd Contact us

    We can help!

    Listing Contact
    Reed Fetter

    Listing agent Reed Fetter License #SL3479911

    Listing office Cushman & Wakefield - Orlando, Florida

    Listing date Mar 14, 2022

    Source Crexi

    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 Cushman & Wakefield - Orlando, Florida

    HighLights

    • High traffic count: 69,500 cars per day
    • Located at a signalized intersection of two primary thoroughfares
    • National co‑tenants include Planet Fitness, Family Dollar, Key Foods, American Freight, Greenberg Dental
    • Gross leasable area of 145,417 square feet
    • Located in the Daytona market
    • Daytona Promenade location

    Overview

    Daytona Promenade offers retail and office spaces for lease. The property has a gross leasable area of 145,417 square feet. It is located at the intersection of Nova Road and Beville Road, a signalized intersection with a traffic count of 69,500 cars per day. National co-tenants include Planet Fitness, Family Dollar, Key Foods, American Freight, and Greenberg Dental.
    Location Intelligence

    Current Use by Public Records

    Pete's Pizza Restaurant Daytona Promenade Shopping Center & Mall

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Similar Places Nearby

    • Quick-Tag — Walmart Supercenter, 1101 Beville Rd, Daytona Beach, FL 32119
    • Contemporary Plaza — 661 Beville Rd, South Daytona, FL 32119
    • Golfview Plaza — 561 Beville Rd, South Daytona, FL 32119
    • Coin Cloud Bitcoin ATM — 707 Beville Rd, Daytona Beach, FL 32119
    • Daytona Promenade — 1441 S Nova Rd, Daytona Beach, FL 32114

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.0271441
    Latitude
    29.1780674

    Nearby Similar for Lease

    • $18 SF/Yr
      2,183 SF

      Downtown Daytona Beach Retail Space

      Modern, renovated retail or creative office space in downtown Daytona.
      136 S Beach Street, Daytona Beach, FL 32114
      View Details
    • $3,757/Mo
      1,520 SF

      Daytona Beach Office Space Available

      Professional office suite in prime Daytona Beach location for lease.
      569 Health Boulevard, Daytona Beach, FL 32114
      View Details
    • $3,400/Mo
      3,900 SF

      Modern Office Space in Daytona

      Turnkey office space with versatile layout and prime location.
      115 S Palmetto Avenue, Daytona Beach, FL 32114
      View Details
    • $3,511/Mo
      3,009 SF

      Daytona Beach Office Space Available

      Flexible office space in high-traffic business corridor, Daytona Beach.
      369 Bill France Boulevard, Daytona Beach, FL 32114
      View Details
    • $22 SF/Yr
      2,142 SF

      Move-in Ready Daytona Beach Suite

      Turnkey office suite in premier Daytona Beach corporate location.
      131 Executive Circle, Daytona Beach, FL 32114
      View Details
    • $5,676/Mo
      4,865 SF

      Daytona Beach Commercial Space For Rent

      Versatile 4,865 SF space in Daytona's Design District.
      566 Ballough Road, Daytona Beach, FL 32114
      View Details
    • $20 SF/Yr
      2,500 SF

      Daytona Beach Shores Retail Space

      Prime commercial space near the Atlantic Ocean in Daytona Beach.
      3400 S ATLANTIC AVENUE, DAYTONA BEACH, FL 32118
      View Details
    • $1,490/Mo
      894 SF

      Harbor Plaza Office with Marina Views

      Well-maintained office suite with Intracoastal Waterway views in Daytona Beach.
      125 Basin Street, Daytona Beach, FL 32114
      View Details
    • $2,650/Mo
      2,362 SF

      Daytona Beach Commercial Space For Rent

      Versatile commercial space in growing district with river views.
      923 N Beach Street, Daytona Beach, FL 32117
      View Details
    • $26,644 SF/Yr
      22,050 SF

      Daytona Beach Industrial Property

      Versatile industrial space with showroom, warehouse, and distribution capabilities.
      701 Fentress Boulevard, Daytona Beach, FL 32114
      View Details
    • $4,175/Mo
      34,442 SF

      Daytona Beach Class A Office

      Class A office space with waterfront views and 24-hour security.
      825 Ballough Road, Daytona Beach, FL 32114
      View Details
    • $8,000/Mo

      Daytona Gas Station Leasing Opportunity

      Prime corner site with existing gas station infrastructure for lease.
      895 N Nova, Daytona, FL 32117
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail and office spaces for lease in Daytona Beach.
    Where is this shopping center located?
    The property is located at 1441 S Nova Rd Daytona Beach, FL.
    What are key features of this property?
    This property features: High traffic count: 69,500 cars per day; Located at a signalized intersection of two primary thoroughfares; National co‑tenants include Planet Fitness, Family Dollar, Key Foods, American Freight, Greenberg Dental
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Reed Fetter
    Real Estate License ID: SL3479911
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1441 S Nova Rd, Daytona Beach, FL 32114
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!