Warehouse Condo with
For Sale
$465,000
1725 S Nova Road, South Daytona, FL 32119
COMMERCIAL - South Daytona, FL
Property Size3,000 SF
Lot Size0.02 Acres
Price / SF$155
Days on Market49
Property Features for 1725 S Nova Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Industrial
Parking features
Parking Lot
Directions
SOUTH OF BEVILLE ON NOVA IN STONEWORK BUSINESS PARK
Subdivision
25 - Daytona S of Beville, E of Nova
Standard status
Active
APN
5341-10-00-0A60
Size
3,000 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
UNIT A-6 STONEWORK CONDO PER OR 5923 PG 3145 PER OR 5965 PG 1121 PER OR 6804 PG 1569 UNIT A-7 STONEWORK CONDO PER OR 5923 PG 3145 PER OR 5965 PG 1121 PER OR 6804 PG 1569 UNIT A-8 STONEWORK CONDO PER OR 5923 PG 3145 PER OR 5965 PG 1121 PER OR 6804 PG 1569
Tax Annual Amount
5043
HOA Fee
$837 Monthly
Legal Description
UNIT A-6 STONEWORK CONDO PER OR 5923 PG 3145 PER OR 5965 PG 1121 PER OR 6804 PG 1569 UNIT A-7 STONEWORK CONDO PER OR 5923 PG 3145 PER OR 5965 PG 1121 PER OR 6804 PG 1569 UNIT A-8 STONEWORK CONDO PER OR 5923 PG 3145 PER OR 5965 PG 1121 PER OR 6804 PG 1569
Utilities
Cooling system
Central Air
Building Details
Year built
1981
Listing Agency:
Realty Pros Commercial
(386) 253-8565
Listed By:
Kayla Williams · License #3506971
(386) 338-1330
Added: Jun 19
Changed: Aug 4
Last Checked: Aug 6 at 11:06AM
MLS# 1227738
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 vacant 3,000-square-foot warehouse condo is set up for both customer-facing and operational needs, with separate retail and warehouse entrances. The unit includes a large 14-foot overhead grade-level door, plus a mezzanine that can support substantial upstairs storage. Inside, there is a built-out private office and two dedicated bathrooms, giving the space a functional mix of work and administrative area.
Located at 1725 S Nova Road in South Daytona along a high-visibility corridor, the property offers easy access to I-95 and major thoroughfares. It is part of a professionally managed condo association, and the association fee covers exterior maintenance, water, and trash.
With loading, storage, and office improvements already in place, this condo is well suited for an operator seeking immediate occupancy or a straightforward base for a custom repositioning. The configuration supports warehouse and distribution activities as well as light manufacturing and service-based business use cases that benefit from on-site office space and a direct grade-level loading setup.
Located at 1725 S Nova Road in South Daytona along a high-visibility corridor, the property offers easy access to I-95 and major thoroughfares. It is part of a professionally managed condo association, and the association fee covers exterior maintenance, water, and trash.
With loading, storage, and office improvements already in place, this condo is well suited for an operator seeking immediate occupancy or a straightforward base for a custom repositioning. The configuration supports warehouse and distribution activities as well as light manufacturing and service-based business use cases that benefit from on-site office space and a direct grade-level loading setup.
Key Highlights
- 3,000 sqft warehouse condo built in 1981 with central air
- 14‑ft overhead grade‑level door plus mezzanine for substantial upstairs storage
- Dual access with separate retail and warehouse entrances
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
$33,829
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
7.28%
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%
$676,580
$676.6K
Cap Rate 7%
$483,271
$483.3K
Cap Rate 9%
$375,878
$375.9K
Market Conditions
NOI Build-Up for 3,000 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
$56.9K $18.96/SF
− Vacancy
−$4.8K −$1.61/SF
EGI
$52.0K $17.35/SF
− OpEx
−$18.2K −$6.07/SF
NOI
$33.8K $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%
$676,580
Cap Rate 7%
$483,271
Cap Rate 9%
$375,878
Alternative Uses
Best Use
Office B
$642.2K
$561.9K – $749.3K
NOI $44,955 @ 7.0% cap · market cap 9.67%
Second Best
Flex RnD
$483.3K
$422.9K – $563.8K
NOI $33,829 @ 7.0% cap · market cap 7.28%
Theoretical Best
Office A
$884.6K
$774.0K – $1.03M
NOI $61,920 @ 7.0% cap · market cap 13.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
913
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32119, FL
22,498
Population
12,629
Households
1.8
Avg Household Size
50
Median Age
27%
College-Educated
91%
High-School Grad
7.8 sq mi
ZIP Area
2,884
Density / Sq Mi
$53,795
Median Household Income
$37,675
Median Earnings
$1,371
Median Rent
$215,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Cravings To Go — 933 Beville Rd Unit 102C, South Daytona, FL 32119
Frequently Asked Questions
What type of property is this?
Flex space - Vacant warehouse condo with mezzanine storage, private office, two bathrooms, and dual entrances for flexible operations.
Where is this flex space located?
The property is located at 1725 S Nova Road South Daytona, FL.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: 3,000 sqft warehouse condo built in 1981 with central air; 14‑ft overhead grade‑level door plus mezzanine for substantial upstairs storage; Dual access with separate retail and warehouse entrances
