3741 Nova RdPort Orange, FL 32129

Property Details for 3741 Nova Rd

Year built

1979

Construction

CONCRETE

Lot size

2.31 AC

Property size (Sq ft)

3,570 SF

Zone code

PO

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

6337-01-25-0033

APU

633701250033

Description

This 6,814 square foot medical office building in Port Orange, Florida, presents a unique investment opportunity. Built in 1985, the single-tenant property boasts 3,570 square feet of readily available space, previously occupied by a bank featuring a four-lane drive-through. Situated on over two acres of land at 3741 S Nova Rd, 32129, the property offers exceptional visibility and accessibility due to its prominent location on Nova Road, including two curb cuts and a convenient loop around the parking lot. The flexible zoning allows for a variety of uses, including retail, restaurant, or professional/medical offices. Build-to-suit options are available, catering to specific business needs. High traffic counts on Nova Road ensure strong potential for any business. This property is an excellent choice for businesses seeking a high-profile location with ample space and convenient access. The property's size and location make it an attractive option for a variety of uses, offering significant potential for growth and return on investment. The existing infrastructure, including the drive-through, presents a unique advantage for businesses requiring such a feature. The property's versatility and prime location combine to create a compelling opportunity for a discerning investor.

• CAP approach

  CAP return

  Valuation

  6%

  $1,051,802

  6.5%

  $970,894

  7%

  $901,544

• Comparable approach

  Method

  Valuation

  Relative Method

  $950,266

  Geo Method

  $617,705

• Alternative Use

  Use

  Valuation

  Residential

  $970,894

  Hospitality

  $889,333

  Educational

  $739,915

  Medical

  $765,362

  Retail

  $1,150,979

Location Insight

City

Port Orange

County

Volusia

State

Florida

Latitude

29.1327

Longitude

-81.0073

CBSA code

19660

CBSA name

DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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