Restaurant Building with Commercial
For Sale
$2,790,000
3770 S Nova Road, Port Orange, FL 32129
Commercial Sale, Port Orange, FL
Property Size8,750 SF
Lot Size0.87 Acres
Price / SF$327.46
Days on Market135
Property Features for 3770 S Nova Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Directions
From ISB South on Nova to right into parking lot.
Subdivision
24 - Port Orange N of Dunlawton, E of 95
Standard status
Active
APN
6309-44-00-0070
Size
8,520 SF
Lot size
0.87 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
09 16 33 UNIT 7 PORT ORANGE REGAL CENTRE CONDO OR 6909 PG 0466 PER OR 7100 PG 4669
Tax Annual Amount
36207
Legal Description
09 16 33 UNIT 7 PORT ORANGE REGAL CENTRE CONDO OR 6909 PG 0466 PER OR 7100 PG 4669
Building Details
Year built
2016
Listing Agency:
Coldwell Banker Commercial Benchmark
(386) 672-8530
Listed By:
Holly Booth · License #3540789
(678) 898-2721
Added: Apr 29
Changed: Aug 20
Last Checked: Sep 10 at 8:06AM
MLS# 1225815
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.
Built in 2016, this restaurant property in Port Orange includes an operational commercial kitchen, dedicated dining areas, bar space, and approximately 1,500 SF of executive office space. The office component can be reconfigured for private dining, banquet functions, or event use, providing additional flexibility within the existing layout.
The property is located at 3770 S Nova Road in Port Orange, Florida, and is offered for sale with lease availability also noted. The restaurant, sports bar, and craft beer operating concept is in place, while the proprietary name and branding are excluded from the sale. The facility is suited to continued restaurant use or adaptation by another hospitality operator.
The property is located at 3770 S Nova Road in Port Orange, Florida, and is offered for sale with lease availability also noted. The restaurant, sports bar, and craft beer operating concept is in place, while the proprietary name and branding are excluded from the sale. The facility is suited to continued restaurant use or adaptation by another hospitality operator.
Key Highlights
- Built in 2016
- Operational commercial kitchen with dining and bar areas
- Approximately 1,500 SF of executive office space
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
$129,379
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
4.64%
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%
$2,587,580
$2.6M
Cap Rate 7%
$1,848,271
$1.8M
Cap Rate 9%
$1,437,544
$1.4M
Market Conditions
NOI Build-Up for 8,520 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
$187.1K $21.96/SF
− Vacancy
−$14.6K −$1.71/SF
EGI
$172.5K $20.25/SF
− OpEx
−$43.1K −$5.06/SF
NOI
$129.4K $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%
$2,587,580
Cap Rate 7%
$1,848,271
Cap Rate 9%
$1,437,544
Alternative Uses
Best Use
Specialty Retail
$1.85M
$1.62M – $2.16M
NOI $129,379 @ 7.0% cap · market cap 4.64%
Second Best
Industrial
$724.6K
$634.1K – $845.4K
NOI $50,724 @ 7.0% cap · market cap 1.82%
Theoretical Best
Office A
$2.51M
$2.20M – $2.93M
NOI $175,853 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
1,108
Businesses Nearby
349k
Monthly Visits Nearby
Under-served
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Operational restaurant facility with a full commercial kitchen, dining areas, bar space, and adaptable office space.
Where is this conventional restaurant 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 $2,790,000.
What are key features of this property?
This property features: Built in 2016; Operational commercial kitchen with dining and bar areas; Approximately 1,500 SF of executive office space
