1031 Exchange Property with Multiple
For Sale
$1,400,000
1520 N NOVA & 10TH Road, Daytona Beach, FL 32117
Commercial Sale, DAYTONA BEACH, FL
Property Size6,700 SF
Lot Size1.03 Acres
Price / SF$208.96
Days on Market123
Property Features for 1520 N NOVA & 10TH Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
01B5
Subdivision
MASON & CARSWELLS HOLLY HILL
Directions
Exit I 95 LPGA head East to Nova Rd Turn right and just 1 block.
Standard status
Active
APN
424401040095
Size
6,700 SF
Lot size
1.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
N 209 FT OF S 329 FT ON E/S OF E 155.5 FT ON N/S & 150 FT ON S/S & N 180.5 FT OF S 330.5 FT ON W/S OF W 100 FT OF E 255.5 FT ON N/S OF LOT 9 W OF CANAL EXC E 27.3 FT MEAS ON N/L FOR NEW R/W NOVA RD BLK 4 MASON & CARSWELLS HOLLY HILL MB 2 PG 90 MB 12 PGS 3
Tax Annual Amount
7512
Legal Description
N 209 FT OF S 329 FT ON E/S OF E 155.5 FT ON N/S & 150 FT ON S/S & N 180.5 FT OF S 330.5 FT ON W/S OF W 100 FT OF E 255.5 FT ON N/S OF LOT 9 W OF CANAL EXC E 27.3 FT MEAS ON N/L FOR NEW R/W NOVA RD BLK 4 MASON & CARSWELLS HOLLY HILL MB 2 PG 90 MB 12 PGS 3
Utilities
Utilities
Electricity Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1959
Building materials
Block
Listing Agency:
ADAMS, CAMERON & CO., REALTORS
(386) 738-1920
Listed By:
Daniel Lyonnais · License #3196672
(386) 852-7932
Added: Apr 28
Changed: Aug 24
Last Checked: Aug 28 at 7:06PM
MLS# V4948790
Copyright © 2026 Stellar MLS. 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 two-parcel commercial property combines several income-producing components within a 6,700-square-foot offering on 1.03 acres. Improvements include an 8-unit warehouse building, a two-story duplex, an outbuilding with yard space, a motorcycle repair operation with laydown space, and a used auto sales operation. The property provides 12 distinct income streams and is currently 100% occupied.
Capital work completed within the last two years includes roof replacement on three major buildings, along with upgrades to all three septic tanks and associated leach fields. The site is in an unincorporated area, with block construction, central heating and central air, public water, septic service, and electricity available.
Capital work completed within the last two years includes roof replacement on three major buildings, along with upgrades to all three septic tanks and associated leach fields. The site is in an unincorporated area, with block construction, central heating and central air, public water, septic service, and electricity available.
Key Highlights
- Two‑parcel offering totaling 1.03 acres
- 6,700 square feet of property improvements
- 12 distinct income streams; 100% occupied
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
$63,104
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
4.51%
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%
$1,262,080
$1.3M
Cap Rate 7%
$901,486
$901.5K
Cap Rate 9%
$701,156
$701.2K
Market Conditions
NOI Build-Up for 6,700 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
$100.5K $15.00/SF
− Vacancy
−$10.4K −$1.55/SF
EGI
$90.1K $13.46/SF
− OpEx
−$27.0K −$4.04/SF
NOI
$63.1K $9.42/SF
Area
Volusia County, FL
Vacancy
10.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,262,080
Cap Rate 7%
$901,486
Cap Rate 9%
$701,156
Alternative Uses
Best Use
Retail
$901.5K
$788.8K – $1.05M
NOI $63,104 @ 7.0% cap · market cap 4.51%
Second Best
Multifamily LT 5
$839.7K
$734.7K – $979.6K
NOI $58,776 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$1.98M
$1.73M – $2.30M
NOI $138,288 @ 7.0% cap · market cap 9.88%
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
640
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
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Frequently Asked Questions
What type of property is this?
1031 exchange property - Multi-parcel commercial holding with warehouse, automotive, and residential components.
Where is this 1031 exchange property located?
The property is located at 1520 N NOVA & 10TH Road Daytona Beach, FL.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Two‑parcel offering totaling 1.03 acres; 6,700 square feet of property improvements; 12 distinct income streams; 100% occupied
