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    Property profile & analytics

    1210 Nova Rd Daytona Beach, FL 32117-4125

    • Community centers
    • 26,639 SF
    • 2.01 lot acres
    OFF-MARKET
    Last Sale
    Feb 03, 2021
    $2,350,000
    Value Estimations
    $2,530,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1816335
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Cool Runnings Jamaican Restaurant / Restaurant

    Property Details for 1210 Nova Rd

    Year built
    1976
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.01 lot acres
    Property size
    26,639 SF
    Zone code
    BW
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    4244-01-20-0072
    APU
    424401200072

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,495,000
      ML approach
      $2,830,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,622,000
      Market price range: $619k - $3.76M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.0523
    Latitude
    29.2281
    CBSA code
    19660
    CBSA name
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $38,275
    $393,494
    $1,741,426
    $2,134,920
    -
    $393,494
    $1,741,426
    $2,134,920

    Comparable in this City

    • Value Estimation
      $1,340,000
      12,600 SF

      1396 Nova Rd

      MINI-MALL • 12,600 SF
      1396 Nova Rd, Daytona Beach, FL 32117-4001
      View Details
    • Value Estimation
      $1,975,000
      21,420 SF

      1025 Nova Rd

      MINI-MALL • 21,420 SF
      1025 Nova Rd, Daytona Beach, FL 32117-4127
      View Details
    • Value Estimation
      $1,110,000
      10,148 SF

      220 Mason Ave

      MINI-MALL • 10,148 SF
      220 Mason Ave, Daytona Beach, FL 32117-5039
      View Details
    • Value Estimation
      $830,000
      7,662 SF

      622 Mason Ave

      MINI-MALL • 7,662 SF
      622 Mason Ave, Daytona Beach, FL 32117-4835
      View Details
    • Value Estimation by Request
      3,000 SF

      990 Derbyshire Rd

      MINI-MALL • 3,000 SF
      990 Derbyshire Rd, Daytona Beach, FL 32117-2933
      View Details
    • Value Estimation
      $1,180,000
      9,184 SF

      1112 Derbyshire Rd

      MINI-MALL • 9,184 SF
      1112 Derbyshire Rd, Daytona Beach, FL 32117-1814
      View Details

    Similar Nearby for Sale

    • $2,950,000
      19,274 SF

      Retail/Office Strip Center Opportunity

      New retail/office strip center in hyper-growth corridor. Pre-leasing now!
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    • $230,000
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      Income-producing commercial duplex with restaurant and office spaces.
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      Holly Hill Commercial Auto Property

      Freestanding building suitable for auto repairs and sales.
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    • $350,000
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      Versatile Holly Hill Commercial Property

      Prime location, dual-use building, $350,000
      486 Lpga Blvd, Holly Hill, FL 32117
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    • $254,900
      0.50 Acres

      Prime Commercial Lot on LPGA

      0.50 acre commercial lot with high visibility on LPGA Blvd.
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      Small building with tons of potential on US1.
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    Similar Nearby for Lease

    • Contact for pricing
      57,870 SF

      Holly Hill Retail Center

      Prime Daytona Beach retail space, 5 units available.
      1850 Ridgewood Ave, Daytona Beach, FL 32117
      View Details
    • Contact for pricing
      3,600 SF

      Retail Space in Port Orange

      Highly visible shopping center with high traffic and established co-tenants.
      3818-3860 S Nova Rd, Port Orange, FL 32117
      View Details
    • Contact for pricing

      Daytona Beach Retail Endcap Space

      Retail endcap space available, anchored by Sprouts Farmers Market.
      N Williamson Blvd & Lpga Blvd, Daytona Beach, FL 32117
      View Details
    • $14 SF/Yr
      1,400 SF

      Retail Center on Beville Road

      49,128 SF retail center with high visibility.
      1512-1592 S Nova Rd, Daytona Beach, 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

    Property Visit Statistics

    • Visits by month
      1.8k
    • Visitors by month
      1.2k
    • Avg Time on site
      25 min
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    1210 Nova Rd
    Daytona Beach, FL 32117-4125
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    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
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