Mixed-Use Property with Multiple
New
For Sale
$1,400,000
1520 N NOVA & 10TH, Daytona Beach, FL 32117
The offering combines automotive, warehouse, yard, and residential components across two parcels.
Property Size6,700 SF
Days on Market2
Property Features for 1520 N NOVA & 10TH
General Information
Standard status
Active
Size
6,700 SF
Property subtype
Commercial
Zoning
B-5
Occupancy
100%
Additional Details
Outdoor Storage
Yes
Taxes and HOA fees
Annual Taxes
$7,512
Building Details
Building Size
6,700 SF
Year Built
1959
Listing Agency:
Adams Cameron & Co Daytona Beach
(386) 852-7932
Listed By:
Daniel Lyonnais · License #3196672
(386) 852-7932
Source:
Elliman
Added: Aug 13
Changed: Aug 14
Last Checked: Aug 14 at 3:50AM
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 mixed-use offering comprises two parcels with 12 distinct income streams and a varied collection of commercial and residential improvements. Existing operations include a motorcycle repair business with laydown space, a used auto sales operation, an outbuilding with yard space, an 8-unit warehouse building, and a two-story duplex. The property is reported as 100% occupied.
Capital work completed within the last two years includes roof replacement on three major buildings and upgrades to all three septic tanks and their associated leech fields. The property is in an unincorporated area and carries B-5 zoning. It is located at 1520 N NOVA & 10TH in Daytona Beach, Florida, and the improvements date to 1959.
Capital work completed within the last two years includes roof replacement on three major buildings and upgrades to all three septic tanks and their associated leech fields. The property is in an unincorporated area and carries B-5 zoning. It is located at 1520 N NOVA & 10TH in Daytona Beach, Florida, and the improvements date to 1959.
Key Highlights
- Two‑parcel offering with 12 distinct income streams
- 100% occupied property with commercial and residential components
- 8‑unit warehouse building and two‑story duplex
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
$82,762
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
5.91%
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%
$1,655,240
$1.7M
Cap Rate 7%
$1,182,314
$1.2M
Cap Rate 9%
$919,578
$919.6K
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
$144.7K $21.60/SF
− Vacancy
−$12.3K −$1.84/SF
EGI
$132.4K $19.76/SF
− OpEx
−$49.7K −$7.41/SF
NOI
$82.8K $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%
$1,655,240
Cap Rate 7%
$1,182,314
Cap Rate 9%
$919,578
Alternative Uses
Best Use
Mixed Use
$1.18M
$1.03M – $1.38M
NOI $82,762 @ 7.0% cap · market cap 5.91%
Second Best
Retail
$901.5K
$788.8K – $1.05M
NOI $63,104 @ 7.0% cap · market cap 4.51%
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
Location Intelligence
Trade Area within ½ mile
275
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?
Mixed-use property - The offering combines automotive, warehouse, yard, and residential components across two parcels.
Where is this mixed-use property located?
The property is located at 1520 N NOVA & 10TH 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 with 12 distinct income streams; 100% occupied property with commercial and residential components; 8‑unit warehouse building and two‑story duplex
