Established Bakery
For Sale
$190,000
175 N Nova Road, Ormond Beach, FL 32174
COMMERCIAL - Ormond Beach, FL
Property Size1,200 SF
Lot Size1.93 Acres
Price / SF$158.33
Days on Market247
Property Features for 175 N Nova Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Parking features
Parking Lot
Directions
From LPGA & Nova Rd. Go N. to 175 S Nova Rd. Ormond Beach, Turn into Shopping Center By Fire Station
Subdivision
41 - LPGA to Granada, E of Nova
Standard status
Active
APN
4221-01-05-0200
Size
1,200 SF
Lot size
1.93 Acres
Taxes and HOA fees
Tax Description
LOT 2 EXC N 16 FT & LOTS 3 TO 11 INC & LOTS 24 TO 33 INC EXCN 16 FT BLK G & W 50 FT LOT 2 EXC N 16 FT TO 11 INC BLK H & VAC LINCOLN AVE ADJ WASHINGTON PARK EXC R/W SR 5-A PER OR 5239 PG 2485
Legal Description
LOT 2 EXC N 16 FT & LOTS 3 TO 11 INC & LOTS 24 TO 33 INC EXCN 16 FT BLK G & W 50 FT LOT 2 EXC N 16 FT TO 11 INC BLK H & VAC LINCOLN AVE ADJ WASHINGTON PARK EXC R/W SR 5-A PER OR 5239 PG 2485
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2006
Flooring type
Concrete, Laminate, Tile
Listing Agency:
Tonya Jane Larsh Real Estate Broker
(386) 228-5252
Listed By:
Tonya Jane Larsh · License #3382649
(386) 228-5252
Added: Dec 5, 2025
Changed: Aug 4
Last Checked: Aug 9 at 2:06PM
MLS# 1220609
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 1,200-square-foot bakery restaurant was built in 2006 and is being offered with the operating business. The sale includes furnishings, bakery equipment, inventory, recipes, website, domain, social media accounts, and ongoing weekly and monthly accounts. Products include custom cakes, cheesecakes, brownies, scones, pies, coffee, and lattes. An owner consultation, training, and support period is also included.
The business occupies a 1.93-acre site at 175 N Nova Road in Ormond Beach, Florida. A transferable lease has four more years remaining. The property includes a parking lot, public water, public sewer, central heating, central air, and concrete, laminate, and tile flooring. A 2014 Chrysler Town and Country delivery van with 86,000 miles is available by negotiation.
The business occupies a 1.93-acre site at 175 N Nova Road in Ormond Beach, Florida. A transferable lease has four more years remaining. The property includes a parking lot, public water, public sewer, central heating, central air, and concrete, laminate, and tile flooring. A 2014 Chrysler Town and Country delivery van with 86,000 miles is available by negotiation.
Key Highlights
- 1,200‑square‑foot bakery restaurant built in 2006
- Bakery business includes furnishings, equipment, inventory, recipes, website, domain, and social media accounts
- Ongoing weekly and monthly accounts included with the business
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
$11,302
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
5.95%
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%
$226,040
$226.0K
Cap Rate 7%
$161,457
$161.5K
Cap Rate 9%
$125,578
$125.6K
Market Conditions
NOI Build-Up for 1,200 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
$18.0K $15.00/SF
− Vacancy
−$1.9K −$1.55/SF
EGI
$16.1K $13.46/SF
− OpEx
−$4.8K −$4.04/SF
NOI
$11.3K $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%
$226,040
Cap Rate 7%
$161,457
Cap Rate 9%
$125,578
Alternative Uses
Best Use
Specialty Retail
$260.3K
$227.8K – $303.7K
NOI $18,222 @ 7.0% cap · market cap 9.59%
Second Best
Retail
$161.5K
$141.3K – $188.4K
NOI $11,302 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$353.8K
$309.6K – $412.8K
NOI $24,768 @ 7.0% cap · market cap 13.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
29,000 VPD
Traffic count
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,283
Businesses Nearby
153k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Groceries 24%
Shops & Services 17%
Superstores 13%
Publix
Groceries
36,795 visits/mo
0.4 miles
McDonald's
Dining
29,125 visits/mo
0.2 miles
Big Lots
Superstores
19,676 visits/mo
0.2 miles
Dunkin' Donuts
Dining
13,896 visits/mo
0.4 miles
Dollar Tree
Shops & Services
6,873 visits/mo
0.2 miles
Demographics for 32174, FL
53,097
Population
26,303
Households
2
Avg Household Size
55
Median Age
33%
College-Educated
93%
High-School Grad
125.4 sq mi
ZIP Area
423
Density / Sq Mi
$67,817
Median Household Income
$41,452
Median Earnings
$1,316
Median Rent
$315,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Operating bakery business with equipment, inventory, recipes, digital assets, and ongoing catering accounts included.
Where is this conventional restaurant located?
The property is located at 175 N Nova Road Ormond Beach, FL.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: 1,200‑square‑foot bakery restaurant built in 2006; Bakery business includes furnishings, equipment, inventory, recipes, website, domain, and social media accounts; Ongoing weekly and monthly accounts included with the business
