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    1725 S Nova Rd South Daytona, FL 32119
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    Property profile & analytics

    1725 S Nova Rd South Daytona, FL 32119

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    • Retail properties & Spaces
    • 24,000 SF
    • 2.16 lot acres
    For Sale
    $1,300,000
    View Listing →
    Versatile Flex Property in South Daytona For Sale
    $1,300,000
    10,000 SF

    Versatile Flex Property in South Daytona

    10,000 SF flex property ideal for investors or owner-users.

    1725 S Nova Road, South Daytona, FL 32119
    View Listing
    Property ID
    US18-6362509
    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

    • 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

    Property Details for 1725 S Nova Rd

    Year built
    2006
    Construction
    WOOD
    Lot size
    2.16 lot acres
    Property size
    24,000 SF
    Zone code
    ML2
    Property type
    Retail properties & Spaces
    APN
    5344-16-00-1351
    APU
    534416001351

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,590,000
      Market price range: $1.54M - $4.34M
      AI Estimate
      $2,448,000
      Market price range: $1.20M - $4.77M

    • Alternative Use

      Use
      Estimation
      SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
      $2,920,000
      Current use
      RETAIL STORES
      $4,055,000
      Change: +39% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $3,320,000
      Change: +14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    South Daytona
    County
    Volusia
    State
    Florida
    Longitude
    -81.026
    Latitude
    29.1729
    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
    $31,355
    $399,198
    $1,167,216
    $1,566,414
    -
    $399,198
    $1,167,216
    $1,566,414

    Comparable in this City

    • Value Estimation by Request
      672 SF

      2850 Ridgewood Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 672 SF
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      View Details
    • Value Estimation by Request
      1,740 SF

      1731 Ridgewood Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,740 SF
      1731 Ridgewood Ave, South Daytona, FL 32119-2234
      View Details
    • Value Estimation by Request
      2,559 SF

      411 Rdg Blvd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,559 SF
      411 Rdg Blvd, South Daytona, FL 32119-2905
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      2,118 SF

      2156 Ridgewood Ave

      Restaurants • 2,118 SF
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    • Value Estimation by Request
      39,831 SF

      2127 Ridgewood Ave

      Office properties & Spaces • 39,831 SF
      2127 Ridgewood Ave, South Daytona, FL 32119
      View Details
    • Value Estimation by Request
      2,276 SF

      1934 Segrave St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,276 SF
      1934 Segrave St, South Daytona, FL 32119-2128
      View Details

    Similar Nearby for Sale

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      Established Diner For Sale

      Turnkey restaurant with a strong local reputation and steady traffic.
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      12,610 SF

      Freestanding Two-Story Building on Ridgewood

      12,610 SF building on 2.2+/- acres for sale.
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    • $699,000
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      Established Strip Mall For Sale

      Fully rented strip mall with long-term tenants and easy access.
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      Clock Tower Plaza For Sale

      Fully rented Clock Tower Plaza in South Daytona, Florida.
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    Similar Nearby for Lease

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      1,913 SF

      South Daytona Retail Space for Lease

      Prime Retail Space, 1913 sq ft, Flexible Lease
      927 Beville Rd, South Daytona, FL 32119
      View Details
    • $13,376 /Mo
      14,348 SF

      South Daytona Mixed-Use Commercial Building

      14,368 SF mixed-use building for lease in South Daytona.
      2040 S Ridgewood Ave, South Daytona, FL 32119
      View Details
    • Contact for pricing

      Retail Space in Big Tree Plaza

      2,200 SF retail space for lease in South Daytona.
      2030 S Ridgewood Ave, South Daytona, FL 32119
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    • $5,454 /Mo
      18,304 SF

      South Daytona Commercial Showroom Space

      Showroom with perimeter offices and roll-up door for lease.
      2841 S Nova Rd, South Daytona, FL 32119
      View Details
    • Contact for pricing

      Second Floor Office Spaces Available

      Second floor office spaces for lease with shared amenities.
      1635 S Ridgewood Ave, South Daytona, FL 32119
      View Details
    • $3,170 /Mo
      2,200 SF

      Retail Space in South Daytona

      2,200 SF retail space available in established plaza.
      2030 S Ridgewood Ave, South Daytona, FL 32119
      View Details
    View Listing
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    South Daytona, FL 32119
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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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    1725 S Nova Rd, South Daytona, FL, 32119
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