Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    832 Nova Rd Daytona Beach, FL 32114
    Back to Search
    Property profile & analytics

    832 Nova Rd, Daytona Beach, FL 32114

    View on Map
    • Warehouses
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Provencher Industries / Metal Fabrication Plant / Factory
    • USA Gundam Store / (Bike/Boat/Book/etc) Store
    • Pizza Hut / Take-out & Catering
    • Ghost Firearms / Gun Shop

    Property Details for 832 Nova Rd

    Year built
    2006
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional industrial property, located at 832 S Nova Rd in Daytona Beach, Florida, 32114, presents a fantastic opportunity for businesses seeking versatile space. Built in 2006, this single-tenant building offers a total of 10,400 square feet, ideally suited for manufacturing or warehousing operations. The layout includes 8,000 square feet of open, adaptable warehouse space, perfect for storage, production, or light assembly. An additional 2,400 square feet offers potential for office space conversion, providing a seamless blend of operational and administrative areas. The property's strategic location in Daytona Beach offers convenient access to major transportation routes, ensuring efficient logistics and distribution. This well-maintained building represents a significant opportunity for businesses seeking to establish or expand their operations in a thriving Florida market. The property is classified as industrial, with a subtype of manufacturing and warehouse. Its single-tenant occupancy provides a streamlined operational environment. This is a prime opportunity to acquire a functional and strategically located industrial property in a dynamic area. The property's size and layout offer considerable flexibility for a wide range of industrial uses. Don't miss this chance to secure a valuable asset in a growing market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.0337
    Latitude
    29.1879

    Comparable in this City

    • Value Estimation by Request

      2107 Bayless Blvd

      Distribution properties
      2107 Bayless Blvd, Daytona Beach, FL 32114
      View Details
    • Value Estimation by Request

      832 Nova Rd

      Distribution properties
      832 Nova Rd, Daytona Beach, FL 32114
      View Details
    • Value Estimation by Request
      7,772 SF

      820-826 Segrave St

      Distribution properties
      820-826 Segrave St, Daytona Beach, FL 32114
      View Details
    • Value Estimation by Request
      1,519 SF

      1604 Illinois St

      Amusement parks
      1604 Illinois St, Daytona Beach, FL 32114
      View Details
    • Value Estimation by Request

      518 Fentress Blvd

      Distribution properties
      518 Fentress Blvd, Daytona Beach, FL 32114
      View Details
    • Value Estimation by Request
      1,110 SF

      724 Rawling Ct

      DISTRIBUTION WAREHOUSE
      724 Rawling Ct, Daytona Beach, FL 32114-2014
      View Details

    Similar Nearby for Sale

    • $2,250,000
      20,891 SF

      Daytona Beach Commercial Portfolio

      Three commercial properties for sale in Daytona Beach, Florida.
      518 Ballough Rd, Daytona Beach, FL 32114
      View Details
    • $399,000

      Downtown Daytona Beach Warehouse

      5,200 SF warehouse in downtown Daytona Beach, Florida.
      Daytona, Daytona Beach, FL 32114
      View Details
    • Contact for pricing
      Pending

      Daytona Beach Commercial Property

      Highly visible commercial property in Daytona Beach, M1 zoning.
      1604 Illinois St, Daytona Beach, FL 32114
      View Details
    • $475,000
      6,330 SF

      Daytona Beach Commercial Flex Property

      6,300 SF commercial warehouse/flex property in Midtown Daytona Beach.
      932 Orange Ave, Daytona Beach, FL 32114
      View Details
    • New
      $349,900
      0.30 Acres

      Daytona Beach Warehouse with Yard

      Industrial warehouse/office with fenced storage yard in central location.
      318 N Segrave St, Daytona Beach, FL 32114
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      9,730 SF

      Daytona Beach Warehouse/Manufacturing Facility

      Versatile warehouse/manufacturing facility with fenced outdoor storage in Daytona Beach.
      809 Swift St, Daytona Beach, FL 32114
      View Details
    • Contact for pricing

      Daytona Beach Industrial Space Available

      Industrial/Distribution/Manufacturing space for sale or lease in downtown Daytona Beach.
      530 N Beach St, Daytona Beach, FL 32114
      View Details
    • $26,644
      22,050 SF

      Daytona Beach Industrial Property

      Versatile industrial space with showroom, warehouse, and distribution capabilities.
      701 Fentress Blvd, Daytona Beach, FL 32114
      View Details
    • $9 SF/Yr
      86,000 SF

      Daytona Beach Warehouse Space Available

      10,320 SF warehouse space near Daytona International Speedway.
      2107 Bayless Blvd, Daytona Beach, FL 32114
      View Details
    • $1,749 /Mo
      10,000 SF

      Daytona Beach Flex Office/Warehouse

      1,000 SF flex space with office and warehouse.
      512 Fentress Blvd, Daytona Beach, FL 32114
      View Details
    • Contact for pricing
      207,792 SF

      Daytona Beach Warehouse Space

      207,792 square foot warehouse space available for lease.
      1094 S Williamson Blvd, Daytona Beach, FL 32114
      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.
    832 Nova Rd
    Daytona Beach, FL 32114
    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

    Thank You for Inquiry
    832 Nova Rd, Daytona Beach, FL, 32114
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!