Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1390 Nova Rd Holly Hill, FL 32117

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1390 Nova Rd Holly Hill, FL 32117

    View on Map
    • Retail properties & Spaces
    • 2,500 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 1390 Nova Rd

    Property size
    2,500 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Grocery and convenience stores

    Description

    This established convenience store and liquor store, located at 1390 N Nova Rd in Daytona Beach, Florida (zip code 32117), presents a lucrative investment opportunity. The business boasts a recently renovated interior within a spacious 2,500-3,000 square foot building situated in a busy plaza with high traffic counts due to its convenient location off Nova Road. The asking price of $675,000 includes the valuable 3PS liquor license and goodwill. Note that real estate is not included in this sale. The seller is willing to finance a portion of the liquor license purchase. This turnkey operation offers immediate income potential. A confidentiality agreement is required before any further information will be disclosed, and prospective buyers are asked to refrain from contacting employees directly. Inventory must be purchased separately by the buyer. This is a fantastic opportunity to acquire a well-established business in a prime location. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Holly Hill
    County
    Volusia
    State
    Florida
    Longitude
    -81.0543
    Latitude
    29.232

    Comparable in this City

    • Value Estimation
      $550,000
      3,134 SF

      1900 Lpga Blvd

      CONVENIENCE STORE • 3,134 SF
      1900 Lpga Blvd, Daytona Beach, FL 32117-7118
      View Details
    • Value Estimation
      $625,000
      4,178 SF

      1000 Derbyshire Rd

      CONVENIENCE STORE • 4,178 SF
      1000 Derbyshire Rd, Daytona Beach, FL 32117-2910
      View Details
    • Value Estimation by Request
      2,196 SF

      550 Ridgewood Ave

      CONVENIENCE STORE • 2,196 SF
      550 Ridgewood Ave, Daytona Beach, FL 32117-4424
      View Details
    • Value Estimation
      $2,200,000
      30,840 SF

      1603 Nova Rd

      GROCERY, SUPERMARKET • 30,840 SF
      1603 Nova Rd, Daytona Beach, FL 32117-2406
      View Details
    • Value Estimation
      $570,000
      2,480 SF

      1290 Nova Rd

      CONVENIENCE STORE • 2,480 SF
      1290 Nova Rd, Daytona Beach, FL 32117-4125
      View Details
    • Value Estimation by Request
      1,800 SF

      1537 Ridgewood Ave

      CONVENIENCE STORE • 1,800 SF
      1537 Ridgewood Ave, Daytona Beach, FL 32117-2219
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,341 SF

      Daytona Beach Mixed-Use Property

      Mixed-use property suitable for retail, office, or land development.
      526 Mason Ave, Daytona Beach, FL 32117
      View Details
    • Contact for pricing
      5,341 SF

      Daytona Beach Mixed-Use Property

      Mixed-use property suitable for retail, office, and commercial purposes.
      526 Mason Ave, Daytona Beach, FL 32117
      View Details
    • $198,500
      Pending

      Retail/Office Building on US1

      Small building with tons of potential on US1.
      1349 Ridgewood Ave, Holly Hill, FL 32117
      View Details
    • Contact for pricing
      4,702 SF

      Daytona Beach Retail Investment Opportunity

      Fully occupied two-tenant retail asset in Daytona Beach, Florida.
      915 Ridgewood Ave, Daytona Beach, FL 32117
      View Details
    • $299,000
      Pending

      Daytona Beach Retail Building

      Freestanding retail building with open floor plan on Mason Ave.
      833 Mason Ave, Daytona Beach, FL 32117
      View Details
    • $599,000
      3,174 SF

      Commercial Property with Catering Kitchen

      Versatile commercial property with two buildings and catering kitchen.
      258 Riverside Dr, Holly Hill, FL 32117
      View Details

    Similar Nearby for Lease

    • $240 SF/Yr
      10,515 SF

      Prime Volusia County Office Space

      New Construction, Flexible Suites Available
      1913 Clyde Morris Blvd, Daytona Beach, FL 32117
      View Details
    • Contact for pricing
      10,770 SF

      Daytona Beach Drive-Thru Restaurant

      10,770 SF restaurant with three drive-thru lanes for rent.
      1899 S Clyde Morris Blvd, Daytona Beach, FL 32117
      View Details
    • $10,179 /Mo
      35,971 SF

      Holly Hill Showroom with Warehouse

      8500 SF showroom/warehouse with truck access in Holly Hill.
      1027 N Nova Rd, Holly Hill, FL 32117
      View Details
    • $23 SF/Yr

      Retail/Office Space in Daytona Beach

      New retail/office strip center in a high-growth area.
      1857 Daytona Bch, Daytona Beach, FL 32117
      View Details
    • $2,650 /Mo
      2,362 SF

      Daytona Beach Commercial Space For Rent

      Versatile commercial space in growing district with river views.
      923 N Beach St, Daytona Beach, FL 32117
      View Details
    • $12 SF/Yr
      1,125 SF

      Holly Hill Retail/Office/Medical Space

      Highly visible retail, office, or medical space for lease.
      701 Ridgewood Ave, Holly Hill, FL 32117
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1390 Nova Rd
    Holly Hill, FL 32117
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!