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    974 Nova Rd Ormond Beach, FL 32174

    For Sale
    $1,300,000

    Prime Location, Versatile Space, High Returns

    Property size:
    5,650 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This Ormond Beach, Florida property at 974 S Nova Road offers a unique investment opportunity. The 5,650 square foot building, constructed in 1976, sits on a substantial 38,768.4 square foot lot and features a two-story design. The building comprises approximately 3,350 square feet of open warehouse space and 2,300 square feet of air-conditioned office space. A notable feature is a 10' x 10' walk-in security safe, a remnant from its previous use as an armored car depot. The property boasts dual access points from Nova Road and Arroyo Parkway, allowing for drive-through capabilities. Over 20,000 square feet of the lot is fully fenced, secured, and cleared, ideal for uses such as a distribution yard, boat, or RV storage. The property's zoning allows for a variety of uses, including auto shop, commercial, warehouse, and executive office space, making it exceptionally versatile. The asking price is $1,300,000. This property presents a compelling blend of location, permitted uses, and robust construction, promising significant returns for the discerning investor.

    Property Features for 974 Nova Rd

    General Information

    Property type
    Automotive properties
    Square Feet
    5,650 SF

    Building Details

    Year Built
    1976
    Stories
    2

    HighLights

    • 5,650 SF building on a 38,768.4 SF lot in Ormond Beach, FL.
    • Features 3,350 SF of warehouse space and 2,300 SF of air‑conditioned office space.
    • Includes a 10' x 10' walk‑in security safe.
    • Dual access points from Nova Road and Arroyo Parkway with drive‑through capability.
    • Over 20,000 SF fenced, secured, and cleared lot, suitable for various uses.
    • Zoned for auto shop, commercial, warehouse, and executive office uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ormond Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.07353161542
    Latitude
    29.257127261845

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    FAQs

    What type of property is this?
    Automotive property - Prime Location, Versatile Space, High Returns
    Where is this automotive property located?
    The property is located at 974 Nova Rd Ormond Beach, FL.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: 5,650 SF building on a 38,768.4 SF lot in Ormond Beach, FL.; Features 3,350 SF of warehouse space and 2,300 SF of air-conditioned office space.; Includes a 10' x 10' walk-in security safe.
    Request Owner's contact information
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    Ormond Beach, FL 32174
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    974 Nova Rd Ormond Beach, FL 32174
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