Multi-Parcels Income
1520 North Nova Road Daytona Beach, FL 32117
For Sale
$1,400,000
Multi-parcel property with 12 income streams and full occupancy, featuring automotive and warehouse components plus updated septic and roof improvements.
Property Size6,700 SF
Price / SF$208.96
Days on Market83
Property Features for 1520 North Nova Road
General Information
- Standard status
- Active
- Size
- 6,700 SF
- Property subtype
- Commercial Sale / Mixed Use
Building Details
- Year Built
- 1959
Listing Agency:
ADAMS, CAMERON & CO., REALTORS
(386) 852-7932
Listed By:
Daniel Lyonnais · License #3196672
(386) 852-7932
Source:
Compass
Added: May 3
Changed: Jul 23
Last Checked: Jul 23 at 12:27PM
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., REALTORS
Investment Insights
Based on property information with market context.
This multi-parcel offering includes two parcels supporting 12 distinct income streams and is currently 100% occupied. The tenant mix includes a well-established motorcycle repair business with laydown space, a used auto sales operation, and an outbuilding with yard space. The property also features an 8-unit warehouse building and a two-story duplex.
Located in an unincorporated area at 1520 North Nova Road in Daytona Beach, Florida, the site benefits from B-5 zoning. Seller notes the property may be suitable for a 1031 exchange or redevelopment.
Significant capital improvements have been completed within the last two years, including roof replacements on three major buildings and upgrades to all three septic tanks and their associated leech fields. With major maintenance addressed, the property presents a stabilized income and operations profile for the incoming owner.
Located in an unincorporated area at 1520 North Nova Road in Daytona Beach, Florida, the site benefits from B-5 zoning. Seller notes the property may be suitable for a 1031 exchange or redevelopment.
Significant capital improvements have been completed within the last two years, including roof replacements on three major buildings and upgrades to all three septic tanks and their associated leech fields. With major maintenance addressed, the property presents a stabilized income and operations profile for the incoming owner.
Key Highlights
- Multi‑parcel offering with 12 distinct income streams and 100% occupancy
- Includes an established motorcycle repair business with laydown space and a used auto sales operation
- Also features an 8‑unit warehouse building plus a two‑story duplex
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $100.5k | $15.00 |
| − Vacancy | −$10.4k | −$1.55 |
| EGI | $90.1k | $13.46 |
| − OpEx | −$27.0k | −$4.04 |
| NOI | $63.1k | $9.42 |
6,700 SF · lease $15.00/SF/yr · vacancy 10.30% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Nationwide Interlock
Building Supply
power tune automotive
Auto Repair Shop
D' Paulino Auto ...
Auto Repair Shop
Dales Motorcycle Repair
Auto Repair Shop
Supernova Ink Tattoo ...
Tattoo & Piercing Shop
Similar Off Market Nearby
- cruzrs cycle center — 1394 n nova rd, holly hill, fl 32117
- Royal Tinting — 1260 N Nova Rd, Daytona Beach, FL 32117
- Window tint by solar bliss — 1249 Dalmaso Dr, Daytona Beach, FL 32117
- Onsite Mobile Truck Repair — 1284 8th St, Daytona Beach, FL 32117
- Ormond Repair and Collision — 1300 N Nova Rd, Daytona Beach, FL 32117
FAQs
What type of property is this?
Auto shop - Multi-parcel property with 12 income streams and full occupancy, featuring automotive and warehouse components plus updated septic and roof improvements.
Where is this auto shop located?
The property is located at 1520 North Nova 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: Multi‑parcel offering with 12 distinct income streams and 100% occupancy; Includes an established motorcycle repair business with laydown space and a used auto sales operation; Also features an 8‑unit warehouse building plus a two‑story duplex
