Flex Space with
For Sale
$775,000
3780 S Nova Road, Port Orange, FL 32129
COMMERCIAL - Port Orange, FL
Property Size3,993 SF
Lot Size0.09 Acres
Price / SF$194.09
Days on Market269
Property Features for 3780 S Nova Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking features
Parking Lot
Security features
Security Lighting
Lot features
Zero Lot Line
Directions
Nova North of Dunlawton to Plaza on left
Subdivision
24 - Port Orange N of Dunlawton, E of 95
Standard status
Active
APN
6309-44-00-0020
Size
3,993 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
09 16 33 UNIT 2 PORT ORANGE REGAL CENTRE CONDO OR 6909 PG 0466 PER OR 7253 PG 3809 PER OR 8755 PG 1887
Tax Annual Amount
12359
HOA Fee
$2,200 Quarterly
Legal Description
09 16 33 UNIT 2 PORT ORANGE REGAL CENTRE CONDO OR 6909 PG 0466 PER OR 7253 PG 3809 PER OR 8755 PG 1887
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1985
Floors in Building
2
Number of units
1
Flooring type
Concrete, Vinyl
Building materials
Concrete
Roof type
Metal
Listing Agency:
Keller Williams Realty Florida Partners
(386) 944-2800
Listed By:
Steve Casserly
(386) 290-9590
Added: Nov 17, 2025
Changed: Aug 6
Last Checked: Aug 13 at 2:06AM
MLS# 1220067
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.
This 3,993-square-foot commercial condominium combines four office or retail suites with direct access to adjoining warehouse and storage areas. The warehouse section offers 23-foot clear height, while two ADA-compliant restrooms support the property’s commercial configuration. Concrete construction, concrete and vinyl flooring, central and electric heating, electric and central air conditioning, and a metal roof are in place.
Located at 3780 S Nova Road in Port Orange, the property carries CC—Community Commercial zoning. Public water and sewer serve the site, and parking is provided in a parking lot. Built in 1985, the space accommodates a range of commercial formats identified in the listing, including professional, retail, service, light industrial, distribution, and flex operations.
Located at 3780 S Nova Road in Port Orange, the property carries CC—Community Commercial zoning. Public water and sewer serve the site, and parking is provided in a parking lot. Built in 1985, the space accommodates a range of commercial formats identified in the listing, including professional, retail, service, light industrial, distribution, and flex operations.
Key Highlights
- 3,993 SF commercial condominium
- Four office or retail suites connect directly to warehouse and storage areas
- Warehouse section features 23‑foot clear height
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
$59,835
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
7.72%
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%
$1,196,700
$1.2M
Cap Rate 7%
$854,786
$854.8K
Cap Rate 9%
$664,833
$664.8K
Market Conditions
NOI Build-Up for 3,993 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
$86.2K $21.60/SF
− Vacancy
−$6.5K −$1.62/SF
EGI
$79.8K $19.98/SF
− OpEx
−$19.9K −$5.00/SF
NOI
$59.8K $14.99/SF
Area
Volusia County, FL
Vacancy
7.50%
Lease Rate
$21.60 /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%
$1,196,700
Cap Rate 7%
$854,786
Cap Rate 9%
$664,833
Alternative Uses
Best Use
Office B
$854.8K
$747.9K – $997.3K
NOI $59,835 @ 7.0% cap · market cap 7.72%
Second Best
Flex RnD
$643.2K
$562.8K – $750.5K
NOI $45,027 @ 7.0% cap · market cap 5.81%
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.
Property Analytics
Property Profile
Current Use
Lease Details
23 ft
Clear height
4
Office units
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Office and retail suites connect directly to warehouse and storage areas.
Where is this flex space located?
The property is located at 3780 S Nova Road 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 office or retail suites connect directly to warehouse and storage areas; Warehouse section features 23‑foot clear height
