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Property profile & analytics

1757 Nova Rd Holly Hill, FL 32117

  • Community centers
  • 38,450 SF
  • 4.63 lot acres
For Lease
Last Sale
Dec 30, 2021
$4,400,000
Value Estimations
$7,790,000
Cap Rate Potential
8.9%
Community centers
Location Intelligence
Property ID
US18-7767050
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.

Current Use by Public Records

  • Naturally U Hair Studio / Hair Salon
  • Olleys Bump & Dent / Used Furniture Store
  • City Electric Supply Daytona Beach / Liquidator / Electrical Supply Store
  • Rent-A-Chef Kitchen Staffing LLC / Employment Agency
  • Victors Auto Shine Classic Car Restorations LLC / Car Repair And Maintenance Service

Property Details for 1757 Nova Rd

Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
4.63 lot acres
Property size
38,450 SF
Property type
Community centers
APN
4242-04-34-0094
APU
424204340094

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $6,545,000
    ML approach
    $3,930,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $9,730,000
    6.5%
    $8,985,000
    7%
    $8,340,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $9,125,000
    Market price range: $4.75M - $17.2M
  • Alternative Use

    Use
    Estimation
    NEIGHBORHOOD: SHOPPING CENTER
    $8,155,000
    Current use
    AUTO REPAIR, GARAGE
    $9,555,000
    Change: +17% Conversion: Difficult
    RESTAURANT
    $8,250,000
    Change: +1% Conversion: Difficult
    MEDICAL BUILDING
    $7,520,000
    Change: -8% Conversion: Difficult
    COMMERCIAL (GENERAL)
    $7,495,000
    Change: -8% Conversion: Easy

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


Location Insight

  • Map
  • Local Demand
City
Daytona Beach
County
Volusia
State
Florida
Longitude
-81.0625
Latitude
29.2444
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
$76,397
$1,209,636
$2,733,386
$3,943,022
-
$1,209,636
$2,733,386
$3,943,022
More about this property
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