160 Nova Rd Ormond Beach, FL 32174
- Banks
- 5,223 SF
- 1.33 lot acres
Current Use by Public Records
- Truist - ATM / Atm
- SunTrust ATM / Atm
- Ormond Beach Marketplace / Business Center
- SunTrust Mortgage / Mortgage Lender / Bank
- Truist / Bank / Atm
Property Details for 160 Nova Rd
- Year built
- 1983
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.33 lot acres
- Property size
- 5,223 SF
- Zone code
- B8
- Property type
- Banks
- APN
- 4221-00-01-0040
- APU
- 422100010040
Description
This exceptional 5,910 square foot retail storefront, located at 18335 US Highway 18 Suite A in San Bernardino County, presents a unique investment opportunity. Boasting 5,660 square feet of vacant space, this single-tenant property sits on a 0.4-acre lot and is zoned for Retail/Storefront use (APN: 0473-114-02). The building is a single-story structure with excellent visibility due to its prime location on a heavily trafficked highway, boasting an annual average daily traffic count of 46,000 vehicles. Its strategic position directly across from St. Mary's Hospital ensures a consistent flow of potential customers. Previously occupied by a secondhand store and, for many years prior, an independent sporting goods store, this versatile space is well-suited for a wide range of commercial uses. The property's history demonstrates its suitability for retail operations, offering a proven track record and established infrastructure. This high-visibility location provides unparalleled exposure to a large and captive audience, making it an ideal choice for businesses seeking significant foot traffic and brand recognition. The property's size and zoning flexibility offer considerable potential for customization and adaptation to meet the specific needs of a diverse range of businesses.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,515,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,015,000
- 6.5%
- $2,025,000
- 7%
- $1,860,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,820,000
- Geo Method
- $2,265,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,715,000
- Retail
- $2,125,000
- Mixed-Use
- $1,940,000
- Hospitality
- $2,110,000
- Educational
- $1,720,000
- Residential Income
- $1,960,000
- Energy
- $1,630,000
- Income-Based Land
- $1,910,000
- Food Service
- $1,620,000
Location Insight
- Map
- Local Demand
- City
- Ormond Beach
- County
- Volusia
- State
- Florida
- Longitude
- -81.0833
- Latitude
- 29.2818
- CBSA code
- 19660
- CBSA name
- DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA
