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Property profile & analytics
OFF-MARKET
Estimated value
$3,190,000
Warehouses
1631 Nova Rd South Daytona, FL 32119-1729
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-5573738
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1978
Construction
WOOD
Total area
19,649 SF
Lot
3.01 ac (130,988 SF)
Zoning code
LI
APN
5344-16-00-1350
UPID
US18-5573738
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.43M
Comparable Approach
Comparable
$3.41M
Blend (final)
Blend
$3.19M
Owner & transaction history
Nova Rentals INC · 3 yrs held
Nova Rentals INC
since 2023
3 recorded transactions
Zoning & alternative use
LI · South Daytona, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of LI zone is to provide is to adequately locate and regulate limited industrial operations engaged in the fabricating, repair, or storage of manufactured goods
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
154.33 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs South Daytona submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Daytona submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,635,000
6.5%
$2,430,000
7%
$2,260,000
Blend value · Realmo final
$3.19M
Range $2.87M – $3.51M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$162 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$17,316
Tax year 2023
Assessed value
$862,674
Assessed 2023
Previous assessed
$793,416
+8.7% YoY
Effective rate
2.01%
On assessed value
Assessed land
$417,524
Assessed improvement
$445,150
Land market value
$417,524
Improvement market value
$445,150
Total market value
$862,674
Applied tax rate
401.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1978
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Bathrooms
4
Total area
19,649 SF
Lot
3.01 ac (130,988 SF)
Zoning code
LI
APN
5344-16-00-1350
UPID
US18-5573738
Jurisdiction
VOLUSIA
Zoning & alternative use
LI · South Daytona, FLZoning LI · permitted uses
LI · South Daytona, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of LI zone is to provide is to adequately locate and regulate limited industrial operations engaged in the fabricating, repair, or storage of manufactured goods
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
154.33 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1978
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
4
Lot
3.01 ac
Current owner
From public records · entity-resolved
Nova Rentals INC
Entity
Free & Clear · 3 yrs held
Mailing address
3142 S PENINSULA DR, DAYTONA BEACH, FL 32118-6214
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2023
—
Nova Rentals INC
George A Nour
Warranty Deed
—
Jul 31, 2018
—
Joseph G Evans
—
Deed
related
$600,000 · Branch Bk&tr
—
—
Joseph G Evans
—
Loan Modification
related
$600,000 · Branch Bk&tr
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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