Flex Space with
For Sale
$775,000
3780 S Nova Road 2, Port Orange, FL 32129
Four office and retail suites connect to warehouse and storage areas.
Property Size3,993 SF
Price / SF$194.09
Days on Market344
Property Features for 3780 S Nova Road 2
General Information
Standard status
Active
Size
3,993 SF
Property subtype
Retail
Zoning
CC
Additional Details
Clear Height
23 ft
Property Use
Flex
Taxes and HOA fees
Annual Taxes
$12,358
Building Details
Building Size
3,993 SF
Year Built
1985
Listing Agency:
Coastal Ventures Real Estate
Listed By:
Ashley Flatley · License #3361969
(904) 315-8547
Source:
Coastalventures
Added: Nov 17, 2025
Changed: Oct 26
Last Checked: Oct 26 at 3:26PM
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 Coastal Ventures Real Estate
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Investment Insights
Based on property information with market context.
This commercial condominium is arranged with four office or retail suites connected to warehouse and storage areas. The warehouse section has 23 feet of clear height, and the property includes two ADA-compliant restrooms. Built in 1985, the 3,993-square-foot space is zoned CC (Community Commercial).
Key Highlights
- 3,993 SF commercial condominium
- Four (4) office/retail suites connect to warehouse and storage areas
- Warehouse section has 23‑foot clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,027
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$900,540
$900.5K
Cap Rate 7%
$643,243
$643.2K
Cap Rate 9%
$500,300
$500.3K
Market Conditions
NOI Build-Up for 3,993 SF
Gross rent
$75.7K $18.96/SF
− Vacancy
−$6.4K −$1.61/SF
EGI
$69.3K $17.35/SF
− OpEx
−$24.2K −$6.07/SF
NOI
$45.0K $11.28/SF
Area
Volusia County, FL
Vacancy
8.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$900,540
Cap Rate 7%
$643,243
Cap Rate 9%
$500,300
Alternative Uses
Best Use
Flex RnD
$643.2K
$562.8K – $750.5K
NOI $45,027 @ 7.0% cap · market cap 5.81%
Second Best
Retail
$537.3K
$470.1K – $626.8K
NOI $37,608 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,416 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
23 ft
Clear height
Location Intelligence
Trade Area within ½ mile
1,103
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Four office and retail suites connect to warehouse and storage areas.
Where is this flex space located?
The property is located at 3780 S Nova Road 2 Port Orange, FL.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 3,993 SF commercial condominium; Four (4) office/retail suites connect to warehouse and storage areas; Warehouse section has 23‑foot clear height
