Collision Repair Auto
For Sale
$1,850,000
720 S Nova Road, Daytona Beach, FL 32114
COMMERCIAL - Daytona Beach, FL
Property Size5,220 SF
Lot Size0.56 Acres
Price / SF$354.41
Days on Market44
Property Features for 720 S Nova Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
RV, Open
Lot features
Cleared
Directions
BETWEEN BEVILLE RD AND INTERNATIONAL ON THE WEST SIDE OF NOVA
Subdivision
32 - Daytona Beville to ISB, E of 95
Standard status
Active
APN
5239-10-00-0550
Size
5,220 SF
Lot size
0.56 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
39-15-33 LOTS 55 TO 59 INC & LOTS 118 TO 122 INC SUNNYSIDE PLAT 3 DAYTONA MB 6 PG 93 MB 15 PG 21 OF W.J. BERNES DAYTONA MB 2 PG 94 MB 12 PGS 27-30 PER OR 2826 PG 0883 PER OR 6169 PG 3591 PER OR 7941 PG 3508
Tax Annual Amount
7478
Legal Description
39-15-33 LOTS 55 TO 59 INC & LOTS 118 TO 122 INC SUNNYSIDE PLAT 3 DAYTONA MB 6 PG 93 MB 15 PG 21 OF W.J. BERNES DAYTONA MB 2 PG 94 MB 12 PGS 27-30 PER OR 2826 PG 0883 PER OR 6169 PG 3591 PER OR 7941 PG 3508
Utilities
Cooling system
Central Air
Water source
Public
Building Details
Year built
1984
Flooring type
Concrete
Building materials
Block
Listing Agency:
Coldwell Banker Coast Realty · Coldwell Banker Real Estate
(386) 275-1000
Listed By:
Bobby Mickis · License #3261995
(386) 383-2109
Added: Jun 24
Changed: Aug 4
Last Checked: Aug 6 at 11:06AM
MLS# 1227839
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.
The offering combines an operating collision repair business with its Daytona Beach real estate. The facility includes shop bays, workspace for paint and repair operations, vehicle storage, and a customer-facing office and reception area. Block construction, concrete flooring, central air, public water, and open parking with RV parking are included. The property encompasses 0.56 acres and was built in 1984.
Located at 720 S Nova Road in Daytona Beach, the site provides a dedicated setting for automotive service operations. The established business, customer base, and local reputation are included with the sale, along with the physical improvements and existing operational infrastructure.
Located at 720 S Nova Road in Daytona Beach, the site provides a dedicated setting for automotive service operations. The established business, customer base, and local reputation are included with the sale, along with the physical improvements and existing operational infrastructure.
Key Highlights
- Operating collision repair business and real estate included
- 0.56‑acre property at 720 S Nova Road, Daytona Beach, FL 32114
- Shop bays, repair workspace, vehicle storage, and customer reception area
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
$58,863
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
3.18%
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%
$1,177,260
$1.2M
Cap Rate 7%
$840,900
$840.9K
Cap Rate 9%
$654,033
$654.0K
Market Conditions
NOI Build-Up for 5,220 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
$99.0K $18.96/SF
− Vacancy
−$8.4K −$1.61/SF
EGI
$90.6K $17.35/SF
− OpEx
−$31.7K −$6.07/SF
NOI
$58.9K $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 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%
$1,177,260
Cap Rate 7%
$840,900
Cap Rate 9%
$654,033
Alternative Uses
Best Use
Flex RnD
$840.9K
$735.8K – $981.1K
NOI $58,863 @ 7.0% cap · market cap 3.18%
Second Best
Retail
$702.4K
$614.6K – $819.4K
NOI $49,165 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $107,741 @ 7.0% cap · market cap 5.82%
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
464
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32114, FL
34,943
Population
17,118
Households
2
Avg Household Size
33
Median Age
19%
College-Educated
89%
High-School Grad
16.0 sq mi
ZIP Area
2,184
Density / Sq Mi
$39,906
Median Household Income
$31,220
Median Earnings
$1,171
Median Rent
$174,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- All Things Mechanical — 902 S Nova Rd, Daytona Beach, FL 32114
- B & B Mechanical Services, Inc. — 832 Gatepark Dr, Daytona Beach, FL 32114
- Savino Automotive Inc — 744 S Nova Rd, Daytona Beach, FL 32114
- MGS Auto Works — 1575 Aviation Center Pkwy #434, Daytona Beach, FL 32114
- Empire Detailing & Window Tint — 1575 Aviation Center Pkwy Suite 411-413, Daytona Beach, FL 32114
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive facility with shop bays, office space, vehicle storage, and an operating collision repair business.
Where is this auto shop located?
The property is located at 720 S Nova Road Daytona Beach, FL.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Operating collision repair business and real estate included; 0.56‑acre property at 720 S Nova Road, Daytona Beach, FL 32114; Shop bays, repair workspace, vehicle storage, and customer reception area
