Retail Storefront with
For Sale
$229,000
1780 S Nova Road, South Daytona, FL 32119
Commercial Sale, South Daytona, FL
Property Size1,150 SF
Price / SF$199.13
Days on Market47
Property Features for 1780 S Nova Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Parking features
Parking Lot
Directions
From I95 take Beville east to Nova (right). Portofino Square on right 1/4 mile
Subdivision
31 - Daytona S of Beville, W of Nova
Standard status
Active
APN
534111000020
Size
1,150 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
UNIT 2 PORTOFINO SQUARE CONDO PER OR 6187 PG 1544 PER OR 694 0 PG 0558 PER OR 7157 PG 1298 PER OR 7809 PG 3351
Tax Annual Amount
3127
HOA Fee
$347 Monthly
Legal Description
UNIT 2 PORTOFINO SQUARE CONDO PER OR 6187 PG 1544 PER OR 694 0 PG 0558 PER OR 7157 PG 1298 PER OR 7809 PG 3351
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Amenities
custom walk-in humidor room
Building Details
Year built
2007
Flooring type
Concrete
Building materials
Concrete
Roof type
Metal
Listing Agency:
Realty Pros Commercial
(386) 253-8565
Listed By:
Kayla Williams · License #3506971
(386) 338-1330
Added: Jul 15
Changed: Aug 20
Last Checked: Aug 30 at 2:06PM
MLS# 1228660
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 1,150-square-foot retail storefront offers a complete high-end build-out anchored by a custom walk-in humidor room. The configuration is suited to a smoke shop, cigar lounge, or specialty retail concept. Concrete construction, concrete flooring, central air conditioning, and a metal roof support the existing commercial improvements. Public water and public sewer serve the property, with a parking lot available on site.
The property is positioned on S Nova Road just south of Beville Road, along the corridor connecting Daytona Beach and Port Orange. Approximately 27,000 vehicles pass the location daily. The surrounding shopping destination includes restaurants, personal-service businesses, grooming operators, and professional users, creating a varied commercial setting for the storefront.
The property is positioned on S Nova Road just south of Beville Road, along the corridor connecting Daytona Beach and Port Orange. Approximately 27,000 vehicles pass the location daily. The surrounding shopping destination includes restaurants, personal-service businesses, grooming operators, and professional users, creating a varied commercial setting for the storefront.
Key Highlights
- 1,150‑square‑foot retail storefront
- Custom walk‑in humidor room included
- Complete high‑end retail build‑out
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
$10,831
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
4.73%
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%
$216,620
$216.6K
Cap Rate 7%
$154,729
$154.7K
Cap Rate 9%
$120,344
$120.3K
Market Conditions
NOI Build-Up for 1,150 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
$17.3K $15.00/SF
− Vacancy
−$1.8K −$1.55/SF
EGI
$15.5K $13.46/SF
− OpEx
−$4.6K −$4.04/SF
NOI
$10.8K $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%
$216,620
Cap Rate 7%
$154,729
Cap Rate 9%
$120,344
Alternative Uses
Best Use
Retail
$154.7K
$135.4K – $180.5K
NOI $10,831 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$339.1K
$296.7K – $395.6K
NOI $23,736 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
27,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
771
Businesses Nearby
129k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 75%
Shops & Services 25%
Walmart
Superstores
97,098 visits/mo
0.4 miles
7-Eleven
Shops & Services
10,776 visits/mo
0.2 miles
Shell
Shops & Services
7,250 visits/mo
0.2 miles
Chevron
Shops & Services
5,129 visits/mo
0.5 miles
Discount Tire Store
Shops & Services
4,945 visits/mo
0.5 miles
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Bloomtique by Rachael Kasie Designs — 1780 S Nova Rd STE 7, South Daytona, FL 32119
Frequently Asked Questions
What type of property is this?
Storefront property - Complete retail build-out with a custom walk-in humidor and central air conditioning.
Where is this storefront property located?
The property is located at 1780 S Nova Road South Daytona, FL.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: 1,150‑square‑foot retail storefront; Custom walk‑in humidor room included; Complete high‑end retail build‑out
