1757 Nova Rd Holly Hill, FL 32117
- Community centers
- 38,450 SF
- 4.63 lot acres
Current Use by Public Records
- Naturally U Hair Studio / Hair Salon
- Olleys Bump & Dent / Used Furniture Store
- City Electric Supply Daytona Beach / Electrical Supply Store / Liquidator
- Rent-A-Chef Kitchen Staffing LLC / Employment Agency
- Victors Auto Shine Classic Car Restorations LLC / Car Repair And Maintenance Service
Property Details for 1757 Nova Rd
- Year built
- 2000
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 4.63 lot acres
- Property size
- 38,450 SF
- Property type
- Community centers
- APN
- 4242-04-34-0094
- APU
- 424204340094
Description
This exceptional Holly Hill, Florida commercial property, the Nova Shopping Center, offers a diverse range of retail and office spaces totaling 37,297 square feet. The single-story building features 41 suites, boasting a 98% occupancy rate, with two units occupied by national companies. The property's construction is all structural steel and block, ensuring durability and longevity. Central HVAC is installed throughout, providing climate-controlled comfort. Tenants enjoy the convenience of separately metered electric and sub-metered water. Currently, 10 spaces are available, ranging in size from 100 to 3,000 square feet, catering to various business needs. The building is classified as Class C and includes an elevator for easy access. Its strategic location offers immediate proximity to Tanger Mall and numerous other shopping and dining options, ensuring high visibility and foot traffic. The property's flexible design, including flex warehouses with 12x12 roll-up doors, makes it ideal for a variety of businesses. The property currently houses 42 tenants, demonstrating its strong appeal and established tenant base. This is a rare opportunity to acquire a well-maintained, highly occupied commercial property in a thriving location. The diverse suite sizes and property type (Traditional Office, Medical Office, Creative Office, Executive Office, and Retail) offer significant flexibility for potential tenants and investors.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $6,545,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $4,280,000
- 6.5%
- $4,180,000
- 7%
- $4,370,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,870,000
- Geo Method
- $4,800,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $5,310,000
- Retail
- $4,385,000
- Mixed-Use
- $4,980,000
- Hospitality
- $5,155,000
- Educational
- $5,060,000
- Residential Income
- $4,150,000
- Energy
- $4,145,000
- Income-Based Land
- $4,060,000
- Food Service
- $3,860,000
Location Insight
- Map
- Local Demand
- City
- Daytona Beach
- County
- Volusia
- State
- Florida
- Longitude
- -81.0625
- Latitude
- 29.2444
- CBSA code
- 19660
- CBSA name
- DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA
