Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Ormond Beach Office Space Available Title is generated by Realmo AI

    298 S Nova Road, Ormond Beach, FL 32174

    View on Map
    Claim this Listing
    For Lease
    $3,209/Mo $2 SF/Yr (calc)

    COMMERCIAL - Ormond Beach, FL

    Type:Office
    Property size:
    17,516 SF
    Lot size:
    0.04 Acres
    Added:
    Sep 2, 2025
    Days on Market:
    262
    Last Refresh:
    May 21 at 12:06 pm

    Property Features for 298 S Nova Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Rooms
    Bathroom 1, Bathroom 2
    Parking features
    Parking Lot, Guest
    Standard status
    Active
    APN
    4221-13-00-0050
    Size
    17,516 SF
    Lot size
    0.04 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    SUITE E CAPITAL PLAZA CONDO OR 6272 PG 4081 & PER OR 6331 PG 4148 PER OR 7612 PG 2519
    Tax Annual Amount
    4014

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    2006
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Tile, Carpet
    Building materials
    Block, Stucco
    Roof type
    Membrane

    We can help!

    Listing Contact
    Clyde Woodard

    Listing agent Clyde Woodard

    Listing office Coldwell Banker Commercial Benchmark 570 Memorial Cir Suite 300, Ormond Beach, FL

    Listing date Sep 2, 2025

    MLS# 1217441

    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.

    HighLights

    • 2070 SF of office space, ready for immediate use.
    • Nicely built out with offices, break room, two bathrooms, and reception area.
    • Located in a busy professional center with ample parking.
    • High traffic volume location.
    • Conveniently located next to Dunkin Donuts.
    • Built in 2006 with central heating and air conditioning.

    Overview

    This 2070 square foot office space, formerly a medical office, is available for rent. The layout includes offices, a break room, two spacious bathrooms, and a reception area. It is situated within a busy professional center that offers ample parking. The property benefits from a location with high traffic volume and is conveniently located next to a Dunkin Donuts.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    All Risks, Ltd. Insurance Agency Michael L. Hill, ... Alternative Medicine Practice Ira & Son Shoe ... (Bike/Boat/Book/etc) Store Capital Partners Insurance Insurance Agency BB&T Insurance Services Insurance Agency

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Tomoka Pines Veterinary Hospital — 750 S Nova Rd, Ormond Beach, FL 32174
    • Pet Street Veterinary Care Center — 240 S Nova Rd, Ormond Beach, FL 32174
    • Fleuchaus Nixo Leslie DVM — 380 W Granada Blvd, Ormond Beach, FL 32174

    Location Insight

    • Map
    • Local Demand
    City
    Ormond Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.082711
    Latitude
    29.271496

    Nearby Similar for Lease

    • $3,531/Mo
      2,260 SF

      Ormond Beach Commercial Space Available

      2260 SF commercial space with outside storage and ample parking.
      720 S Nova Road, Ormond Beach, FL 32174
      View Details
    • $3,900/Mo
      2,600 SF

      Ormond Beach Office Space For Rent

      Versatile office space with US-1 frontage in Ormond Beach.
      1451 N Us Highway 1, Ormond Beach, FL 32174
      View Details
    • $6,681/Mo
      45,407 SF

      Ormond Beach Professional Office Suite

      Turn-key office/medical space in a tranquil park setting.
      265 Clyde Morris Boulevard, Ormond Beach, FL 32174
      View Details
    • $2,900/Mo
      4,533 SF

      Ormond Beach Office Space Available

      Beachside office space with unique vault feature for lease.
      1010 Ocean Shore Boulevard, Ormond Beach, FL 32176
      View Details
    • $2,968/Mo
      2,968 SF

      Ormond Beach Office/Medical Space

      Beachside office/medical space available for lease in Ormond Beach.
      198 Vining Court, Ormond Beach, FL 32176
      View Details
    • $800/Mo
      168 SF

      Professional Office Space For Lease

      Private office spaces for lease in Ormond Beach, Florida.
      1400 Hand Avenue, Ormond Beach, FL 32174
      View Details
    • $2,548/Mo
      1,568 SF

      Ormond Beach Medical/Professional Offices

      Medical/professional offices in prime Ormond Beach location available for rent.
      1182 Ocean Shore Boulevard, Ormond Beach, FL 32176
      View Details
    • $2,329/Mo
      1,433 SF

      Ormond Beach Medical/Professional Offices

      Medical/professional offices in prime Ormond Beach location.
      1184 Ocean Shore Boulevard, Ormond Beach, FL 32176
      View Details
    • $2,647/Mo
      1,629 SF

      Ormond Beach Medical/Professional Offices

      Medical/professional offices in prime Ormond Beach location for rent.
      1182 Ocean Shore Boulevard, Ormond Beach, FL 32176
      View Details
    • $1,300/Mo
      500 SF

      Office Space in Ormond Beach

      First-floor office space available in Ormond Beach, FL.
      120 E Granada Boulevard, Ormond Beach, FL 32176
      View Details
    • $2,187/Mo
      1,232 SF

      Beachside Retail/Office Space Available

      Versatile 1,232 SF suite in Ormond Beach, Florida.
      1452 Ocean Shore Boulevard, Ormond Beach, FL 32176
      View Details
    • $3,444/Mo
      2,006 SF

      Ormond Beach Commercial Space Available

      Fully equipped former hair salon ready for immediate operation.
      298 S Nova Road, Ormond Beach, FL 32174
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - 2070 SF office space in a busy professional center.
    Where is this medical office space located?
    The property is located at 298 S Nova Road Ormond Beach, FL.
    What is the lease rate?
    The lease rate is $3,209 /Mo.
    What are key features of this property?
    This property features: 2070 SF of office space, ready for immediate use.; Nicely built out with offices, break room, two bathrooms, and reception area.; Located in a busy professional center with ample parking.
    (386) 481-4801
    We can help!
    Listing Contact
    Clyde Woodard
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    298 S Nova Road, Ormond Beach, FL 32174
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!