Turnkey Restaurant and Sports
For Sale
$2,995,000
3770 S Nova Road, Port Orange, FL 32129
Restaurant built in 2016 with commercial kitchen, dining and bar areas, and on-site executive office.
Property Size8,520 SF
Price / SF$342.29
Days on Market118
Property Features for 3770 S Nova Road
General Information
Standard status
Active
Size
8,520 SF
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$36,206
Amenities
Restaurant
Other
Building Details
Building Size
8,520 SF
Year Built
2016
Listing Agency:
Coldwell Banker Commercial Benchmark
(678) 898-2721
Listed By:
Holly Booth · License #3540789
(678) 898-2721
Source:
Evrealestate
Added: Apr 29
Changed: Aug 24
Last Checked: Aug 18 at 9:30AM
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
Investment Insights
Based on property information with market context.
This restaurant property is currently operating as a restaurant, sports bar, and craft beer concept. The building was constructed in 2016 and is described as being in excellent condition, totaling approximately 8,750 SF. The layout includes a fully equipped, operational commercial kitchen, expansive dining and bar areas, and approximately 1,500 SF of executive office space used as the owner’s corporate office.
The offering is being sold with the restaurant operation remaining open; however, the proprietary name and branding do not convey. The property is designed for efficient restaurant operations and includes strong visibility, ample parking, and convenient access.
The executive office component provides flexibility and may be converted to private dining, banquet, or event space, supporting multiple ways to use the interior footprint within the existing plan.
The offering is being sold with the restaurant operation remaining open; however, the proprietary name and branding do not convey. The property is designed for efficient restaurant operations and includes strong visibility, ample parking, and convenient access.
The executive office component provides flexibility and may be converted to private dining, banquet, or event space, supporting multiple ways to use the interior footprint within the existing plan.
Key Highlights
- Restaurant property built in 2016 in excellent condition, totaling approximately 8,750 SF
- Fully equipped, operational commercial kitchen included for day‑to‑day restaurant operations
- Expansive dining and bar areas plus an on‑site executive office of approximately 1,500 SF
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
$132,872
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
4.44%
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%
$2,657,440
$2.7M
Cap Rate 7%
$1,898,171
$1.9M
Cap Rate 9%
$1,476,356
$1.5M
Market Conditions
NOI Build-Up for 8,750 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
$192.2K $21.96/SF
− Vacancy
−$15.0K −$1.71/SF
EGI
$177.2K $20.25/SF
− OpEx
−$44.3K −$5.06/SF
NOI
$132.9K $15.19/SF
Area
Volusia County, FL
Vacancy
7.80%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
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%
$2,657,440
Cap Rate 7%
$1,898,171
Cap Rate 9%
$1,476,356
Alternative Uses
Best Use
Specialty Retail
$1.90M
$1.66M – $2.21M
NOI $132,872 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.58M
$2.26M – $3.01M
NOI $180,600 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,108
Businesses Nearby
349k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 32%
Shops & Services 32%
Apparel 13%
Groceries 12%
Publix
Groceries
42,624 visits/mo
0.3 miles
Wawa
Shops & Services
35,438 visits/mo
0.2 miles
McDonald's
Dining
28,808 visits/mo
0.2 miles
Ross Dress for Less
Apparel
24,316 visits/mo
0.1 miles
Big Lots
Superstores
20,678 visits/mo
0.3 miles
Demographics for 32129, FL
21,594
Population
11,991
Households
1.8
Avg Household Size
50
Median Age
25%
College-Educated
93%
High-School Grad
7.5 sq mi
ZIP Area
2,879
Density / Sq Mi
$65,936
Median Household Income
$39,226
Median Earnings
$1,538
Median Rent
$241,500
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?
Bar & Pub - Restaurant built in 2016 with commercial kitchen, dining and bar areas, and on-site executive office.
Where is this bar & pub located?
The property is located at 3770 S Nova Road Port Orange, FL.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Restaurant property built in 2016 in excellent condition, totaling approximately 8,750 SF; Fully equipped, operational commercial kitchen included for day‑to‑day restaurant operations; Expansive dining and bar areas plus an on‑site executive office of approximately 1,500 SF
