Technical
Financial
Distress signals
Property profile

1757 N Nova Rd Holly Hill, FL 32117

FOR LEASE
Community centers
Property ID
US18-7767050
38,450 SF 4.63 ac lot Built 2000
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Holly Hill, Florida commercial property, the Nova Shopping Center, offers a diverse range of retail and office spaces totaling 37,297 square feet. The single-story building features 41 suites, boasting a 98% occupancy rate, with two units occupied by national companies. The property's construction is all structural steel and block, ensuring durability and longevity. Central HVAC is installed throughout, providing climate-controlled comfort. Tenants enjoy the convenience of separately metered electric and sub-metered water. Currently, 10 spaces are available, ranging in size from 100 to 3,000 square feet, catering to various business needs. The building is classified as Class C and includes an elevator for easy access. Its strategic location offers immediate proximity to Tanger Mall and numerous other shopping and dining options, ensuring high visibility and foot traffic. The property's flexible design, including flex warehouses with 12x12 roll-up doors, makes it ideal for a variety of businesses. The property currently houses 42 tenants, demonstrating its strong appeal and established tenant base. This is a rare opportunity to acquire a well-maintained, highly occupied commercial property in a thriving location. The diverse suite sizes and property type (Traditional Office, Medical Office, Creative Office, Executive Office, and Retail) offer significant flexibility for potential tenants and investors.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 2000
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 38,450 SF
Lot 4.63 ac (201,606 SF)
APN 4242-04-34-0094
UPID US18-7767050

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hair Salon
  • Furniture & Home Goods
  • Building Supply Electrical Service
  • Employment Agency
  • Auto Repair Shop Vehicle Inspection Center

Location

1757 N Nova Rd Holly Hill, FL 32117
Holly Hill metro Census 80901 DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.93M
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.00M
Blend (final) Blend
$6.55M

Owner & transaction history

since 2021
Last sale
$4.4M
4 recorded transactions
2021
$4.4M
2020
Price N/A
2013
$750,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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