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Property profile & analytics
OFF-MARKET Estimated value $895,000
Turn key restaurants

150 Nova Rd Ormond Beach, FL 32174-5122

30,362 SF 3.3 ac lot Built 1985
Entity Owned 31-yr Hold Absentee Owner Free & Clear
Property ID
US18-5101268
Property summary
AI-generated overview

This exceptional single-story, 27,889 square foot retail and office building, situated on a 3.3-acre lot in Ormond Beach, Florida, presents a unique investment opportunity. Built in 1985 and zoned D2, the property boasts five suites, with 3,000 square feet currently vacant and ready for immediate occupancy. Ideal for a variety of uses, including coworking spaces, the building offers ample space for businesses seeking flexible and modern work environments. The property's location at 150 N Nova Rd, Ormond Beach, FL 32174, places it within the Daytona Beach submarket, providing excellent access to major transportation routes and a thriving local economy. The property's APN is 422100010021, and it is located in Volusia County. This is a rare chance to acquire a well-located, versatile commercial property in a high-demand area. The building's single-story design offers convenient access and functionality. The substantial vacant space provides significant potential for customization and expansion. This property is perfect for entrepreneurs, established businesses, or investors seeking a strong return on investment in a dynamic market. Don't miss this opportunity to secure a prime location in the Ormond Beach Market Place.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1985
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 30,362 SF
Lot 3.3 ac (143,626 SF)
Zoning code B8
APN 4221-00-01-0021
UPID US18-5101268
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Rivergate Barbershop Barber Shop
  • Greektown Taverna Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$620k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.17M
Blend (final) Blend
$895k
Owner & transaction history
VIKRAM INC
VIKRAM INC
Zoning & alternative use
B8 · Ormond Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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