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    1396 N Nova Rd Daytona Beach, FL 32117

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    1396 N Nova Rd Daytona Beach, FL 32117

    View on Map
    • Community centers
    • 12,600 SF
    • 0.63 lot acres
    For Sale
    $1,899,000
    View Listing →
    Retail Building with Income Potential For Sale
    $1,899,000
    12,600 SF

    Retail Building with Income Potential

    12,600 SF building in Daytona Beach with occupancy options.

    1396 N NOVA ROAD, Daytona Beach, FL 32117
    View Listing
    Property ID
    US18-3628306
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hidden treasures / Cafe & Coffee Shop

    Property Details for 1396 N Nova Rd

    Year built
    1981
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.63 lot acres
    Property size
    12,600 SF
    Zone code
    B5
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    5237-06-01-0020
    APU
    523706010020

    Description

    This exceptional 2,415-square-foot retail space is available for lease in Daytona Beach, Florida. Located at 1396 N Nova Rd, Holly Hill, FL 32117, near the cross street of 8th Street, this single-tenant property is part of a larger 12,600-square-foot building constructed in 1981 and extensively renovated in 2023. The space boasts a convenient location within the Daytona Beach submarket, clustered within the Orlando, Florida region. The property features ample parking with 8 spaces available. Zoned B-4, this turnkey space is ideal for a variety of retail businesses. The property's APN is 5237-06-01-0020 in Volusia County. Previously occupied by a liquor store, this space offers a fresh start with modern updates and a strong foundation for immediate occupancy. The single-story building provides easy accessibility and a functional layout. This is a rare opportunity to secure a well-located, recently renovated retail space in a thriving market. Don't miss out on this chance to establish your business in a prime Daytona Beach location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,555,000
      Market price range: $1.56M - $5.63M

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

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.0544
    Latitude
    29.232
    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
    $11,927
    $155,878
    $496,144
    $652,022
    -
    $155,878
    $496,144
    $652,022

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      1112 Derbyshire Rd

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      220 Mason Ave

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      622 Mason Ave

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    • Value Estimation by Request
      45,478 SF

      1523-1595 Nova Rd

      Lifestyle centers • 45,478 SF
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    Similar Nearby for Sale

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      Daytona Beach Office/Retail Center

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      Retail/Office Strip Center Opportunity

      New retail/office strip center in hyper-growth corridor. Pre-leasing now!
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      5,341 SF

      Daytona Beach Mixed-Use Property

      Mixed-use property suitable for retail, office, and commercial purposes.
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    • $1,899,000
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      Retail Building with Income Potential

      12,600 SF building in Daytona Beach with occupancy options.
      1396 N Nova Rd, Daytona Beach, FL 32117
      View Details
    • $299,000
      Pending

      Daytona Beach Retail Building

      Freestanding retail building with open floor plan on Mason Ave.
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Holly Hill

      Retail property with high traffic and diverse shopping experience.
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      Retail Center on Beville Road

      49,128 SF retail center with high visibility.
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      Daytona Beach Retail Endcap Space

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      Retail/Office Space in Daytona Beach

      New retail/office strip center in a high-growth area.
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      3,600 SF

      Retail Space in Port Orange

      Highly visible shopping center with high traffic and established co-tenants.
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      Daytona Beach Retail Space Available

      Retail space in high-visibility corridor, Daytona Beach, FL.
      808-896 N Nova Rd, Daytona Beach, FL 32117
      View Details
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    Daytona Beach, FL 32117
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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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