Commercial Retail Space on Nova
For Sale
$299,000
1976 N Nova Road, Daytona Beach, FL 32117
Commercial property suited to office or small retail use along a high-traffic roadway.
Property Size1,116 SF
Days on Market51
Property Features for 1976 N Nova Road
General Information
Standard status
Active
Size
1,116 SF
Property subtype
Retail
Zoning
Commercial
Additional Details
Road Access
Yes
Building Details
Building Size
1,116 SF
Year Built
1956
Listing Agency:
Coldwell Banker Commercial Benchmark Ormond Beach
Listed By:
Bo Bofamy · License #674584
(386) 795-7060
Source:
Cbcworldwide
Added: Aug 28
Changed: Oct 14
Last Checked: Oct 16 at 5:37AM
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 Coldwell Banker Commercial Benchmark Ormond Beach
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Investment Insights
Based on property information with market context.
This commercial retail space was built in 1956 and is positioned for office or small retail use. The property’s roadway setting supports exposure to passing traffic along Nova Road.
Located at 1976 N. Nova Road in Daytona Beach, Florida, the property carries Commercial zoning and is offered for sale. The surrounding corridor is described as busy and high traffic, providing a clear access and visibility characteristic for prospective users.
Located at 1976 N. Nova Road in Daytona Beach, Florida, the property carries Commercial zoning and is offered for sale. The surrounding corridor is described as busy and high traffic, providing a clear access and visibility characteristic for prospective users.
Key Highlights
- Commercial zoning
- Office or small retail use
- Located on Nova Road in Daytona Beach, FL
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,511
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$210,220
$210.2K
Cap Rate 7%
$150,157
$150.2K
Cap Rate 9%
$116,789
$116.8K
Market Conditions
NOI Build-Up for 1,116 SF
Gross rent
$16.7K $15.00/SF
− Vacancy
−$1.7K −$1.55/SF
EGI
$15.0K $13.46/SF
− OpEx
−$4.5K −$4.04/SF
NOI
$10.5K $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 Rate 5%
$210,220
Cap Rate 7%
$150,157
Cap Rate 9%
$116,789
Alternative Uses
Best Use
Retail
$150.2K
$131.4K – $175.2K
NOI $10,511 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$329.1K
$287.9K – $383.9K
NOI $23,034 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
401
Businesses Nearby
65k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 58%
Shops & Services 42%
Walmart Neighborhood Market
Groceries
37,468 visits/mo
0.1 miles
Murphy USA
Shops & Services
10,183 visits/mo
0.1 miles
Dollar General
Shops & Services
6,382 visits/mo
0.4 miles
7-Eleven
Shops & Services
4,861 visits/mo
0.2 miles
O'Reilly Auto Parts
Shops & Services
4,059 visits/mo
0.3 miles
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Commercial property suited to office or small retail use along a high-traffic roadway.
Where is this retail space located?
The property is located at 1976 N Nova Road Daytona Beach, FL.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Commercial zoning; Office or small retail use; Located on Nova Road in Daytona Beach, FL
