Flex Property with Secure
974 S Nova Road, Ormond Beach, FL 32174
For Sale
$1,350,000
Commercial Sale, Ormond Beach, FL
Property Size5,650 SF
Lot Size0.89 Acres
Price / SF$238.94
Days on Market238
Property Features for 974 S Nova Road
General Information
Property type
Property subtype
Parking features
Security features
Fencing
Lot features
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Property Use
Condition
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
walk-in vault
secure yard
employee breakroom
landscaping
Building Details
Year built
Floors in Building
Flooring type
Building materials
Buildings
Listing Agency:
Adams, Cameron & Co., Realtors
(386) 673-2100
Listed By:
Toni Wright
(386) 290-5146
Added: Mar 20
Changed: Nov 2
Last Checked: Nov 12 at 7:06AM
MLS# 1224399
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.
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Investment Insights
Based on property information with market context.
This concrete-block flex property at 974 S Nova Road includes approximately 5,650 square feet arranged as 3,350 square feet of high-clearance warehouse space and 2,300 square feet of climate-controlled offices. Built in 1976, the facility includes a freestanding walk-in vault, custom woodworking, a dedicated employee breakroom, and a second-story executive area. Interior framing is in place for additional private offices. Tile flooring, central air, central electric heating, ceiling fans, and secured parking are among the existing improvements.
The site covers 0.89 acres in Ormond Beach and provides drive-through circulation with separate access points from S Nova Road and Arroyo Parkway. A 20,000-square-foot fenced and cleared yard occupies the rear of the building. The yard is identified for distribution, boat storage, or RV parking as permitted by right. Public water and septic service support the property, and chain-link fencing encloses the secured exterior area.
The site covers 0.89 acres in Ormond Beach and provides drive-through circulation with separate access points from S Nova Road and Arroyo Parkway. A 20,000-square-foot fenced and cleared yard occupies the rear of the building. The yard is identified for distribution, boat storage, or RV parking as permitted by right. Public water and septic service support the property, and chain-link fencing encloses the secured exterior area.
Key Highlights
- Approximately 5,650 square feet total: 3,350 square feet of warehouse and 2,300 square feet of office space
- 20,000‑square‑foot cleared, fenced, secured yard
- Freestanding walk‑in vault remains within the facility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,665
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,693,300
$1.7M
Cap Rate 7%
$1,209,500
$1.2M
Cap Rate 9%
$940,722
$940.7K
Market Conditions
NOI Build-Up for 5,650 SF
Gross rent
$122.0K $21.60/SF
− Vacancy
−$9.2K −$1.62/SF
EGI
$112.9K $19.98/SF
− OpEx
−$28.2K −$5.00/SF
NOI
$84.7K $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 Rate 5%
$1,693,300
Cap Rate 7%
$1,209,500
Cap Rate 9%
$940,722
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.
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Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
522
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32174, FL
53,097
Population
26,303
Households
2
Avg Household Size
55
Median Age
33%
College-Educated
93%
High-School Grad
125.4 sq mi
ZIP Area
423
Density / Sq Mi
$67,817
Median Household Income
$41,452
Median Earnings
$1,316
Median Rent
$315,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Volusia County, FL
Properties on Market for Flex space in Volusia County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Concrete-block facility combines warehouse capacity, climate-controlled offices, and a freestanding walk-in vault.
Where is this flex space located?
The property is located at 974 S Nova Road 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: Approximately 5,650 square feet total: 3,350 square feet of warehouse and 2,300 square feet of office space; 20,000‑square‑foot cleared, fenced, secured yard; Freestanding walk‑in vault remains within the facility
