Secure Facility with High-End
974 S NOVA Rd Ormond Beach, FL 32174
For Sale
$1,350,000
Versatile property with vault, secure yard, and premium finishes.
Property Size5,650 SF
Lot Size1.00 Acre
Price / SF$238.94
Days on Market97
Property Features for 974 S NOVA Rd
General Information
Standard status
Active
Size
5,650 SF
Lot size
1.00 Acre
Property subtype
Commercial
Building Details
Year Built
1976
Listing Agency:
Adams, Cameron & Co. REALTORS
(386) 290-5146
Listed By:
Toni Wright
(386) 290-5146
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 29 at 11:32AM
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 Adams, Cameron & Co. REALTORS
Investment Insights
Based on property information with market context.
This concrete block property, suitable for businesses ready to scale or expand, offers a combination of security and aesthetic appeal. Situated on nearly an acre, the site features exceptional construction and a strategic footprint. Originally commissioned as a high-security federal cash depository and armored car hub in 1976, the facility has an appraiser-rated effective age of 1985. A 10' x 10' freestanding walk-in vault provides protection for high-value assets or sensitive inventory. The entryway leads into customer-facing areas with woodworking and custom craftsmanship. This premium finish extends throughout the building, including the employee breakroom and the second-story executive area. The interior is outfitted with structural framing for additional private offices. The layout features drive-through accessibility with two entry points via Nova Road and Arroyo Parkway. Behind the building is a 20,000-square-foot secure yard, fully cleared and fenced, suitable for high-capacity distribution, boat storage, or RV parking. The building area of approximately 5,650 square feet is split between 3,350 square feet of high-clearance warehouse and 2,300 square feet of climate-controlled office space. The property is wrapped in landscaping and offers exposure due to its roadside position on a highly-traveled road. The property is located at 974 S NOVA Rd, Ormond Beach, FL 32174. The zoning uses are available in the documents tab.
Key Highlights
- Massive 10' x 10' freestanding walk‑in vault provides unparalleled security.
- 20,000‑square‑foot secure, fenced yard suitable for high‑capacity distribution, boat storage, or RV parking.
- Seamless 'drive‑through' accessibility with two separate entry points.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $122.0k | $21.60 |
| − Vacancy | −$9.2k | −$1.62 |
| EGI | $112.9k | $19.98 |
| − OpEx | −$28.2k | −$5.00 |
| NOI | $84.7k | $14.99 |
5,650 SF · lease $21.60/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.21M
$1.06M – $1.41M
NOI $84,665 @ 7.0% cap · market cap 6.27%
Second Best
Flex RnD
$910.2K
$796.4K – $1.06M
NOI $63,712 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$1.67M
$1.46M – $1.94M
NOI $116,616 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Versatile property with vault, secure yard, and premium finishes.
Where is this flex space located?
The property is located at 974 S NOVA Rd Ormond Beach, FL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Massive 10' x 10' freestanding walk‑in vault provides unparalleled security.; 20,000‑square‑foot secure, fenced yard suitable for high‑capacity distribution, boat storage, or RV parking.; Seamless 'drive‑through' accessibility with two separate entry points.
