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    1802 S Nova Rd South Daytona, FL 32119
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    1802 S Nova Rd South Daytona, FL 32119

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    • Commercial land
    • 1.83 lot acres
    For Sale
    $3,250,000
    View Listing →
    South Daytona Commercial Land Available For Sale
    $3,250,000
    20.98 Acres

    South Daytona Commercial Land Available

    20+ acres of commercial land in South Daytona, Florida.

    1802 S Nova Road, South Daytona, FL 32119
    View Listing
    Property ID
    US18-5613962
    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 1802 S Nova Rd

    Lot size
    1.83 lot acres
    Zone code
    BR2
    Property type
    Commercial land
    APN
    5344-16-00-1260
    APU
    534416001260

    Description

    This exceptional 21-acre commercial property, located at the highly visible, lighted intersection of Big Tree Road and Nova Road in South Daytona, Florida (zip code 32119), presents a rare investment opportunity. The property, encompassing three parcels (including the 1.83-acre hard corner lot, and parcels with ID numbers 44153316001500 and 534416001501), boasts a substantial 913,888.8 square foot lot size. Its versatile zoning allows for a mix of mid-density multifamily residential and retail development, making it ideal for a variety of projects. This is one of the last remaining large infill properties in this area, offering significant potential for growth and high returns. The property's location at a well-lit corner ensures excellent visibility and accessibility, making it an attractive site for businesses and residents alike. The asking price for this prime commercial land is $3,250,000. All information is believed to be accurate but is not guaranteed. Further details are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    South Daytona
    County
    Volusia
    State
    Florida
    Longitude
    -81.0239
    Latitude
    29.1652
    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
    $4,555
    $254,092
    $0.00
    $254,092
    -
    $254,092
    $0.00
    $254,092

    Comparable in this City

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      200 Frst Lk Blvd

      VACANT COMMERCIAL LAND
      200 Frst Lk Blvd, Daytona Beach, FL 32119-8113
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      0.09 Acres

      Nova Rd

      VACANT COMMERCIAL LAND • 0.09 Acres
      Nova Rd, Daytona Beach, FL 32119
      View Details
    • Value Estimation by Request
      0.02 Acres

      947 Beville Rd

      VACANT COMMERCIAL LAND • 0.02 Acres
      947 Beville Rd, South Daytona, FL 32119-1764
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      0.29 Acres

      Beville Rd

      VACANT COMMERCIAL LAND • 0.29 Acres
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    • Value Estimation by Request
      5.07 Acres

      Clyde Morris Blvd

      VACANT COMMERCIAL LAND • 5.07 Acres
      Clyde Morris Blvd, Daytona Beach, FL 32119
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Halifax Riverfront Land Opportunity

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      Daytona Beach Commercial Land Available

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    Similar Nearby for Lease

    • $2,951 /Mo
      1,913 SF

      South Daytona Commercial Space Available

      Commercial space for rent in South Daytona, Florida.
      927 Beville Rd, South Daytona, FL 32119
      View Details
    • $4,000 /Mo
      10,000 SF

      Daytona Beach Commercial Space

      4000 SF commercial space with office and roll-up doors.
      2800 S Nova Rd, Daytona Beach, FL 32119
      View Details
    • Contact for pricing

      Climate Controlled Warehouse Flex Space

      7,200 SF flex space with showroom and mezzanine office.
      2030 S Ridgewood Ave, South Daytona, FL 32119
      View Details
    • $1,625 /Mo
      23,933 SF

      Daytona Beach Warehouse Space Available

      Industrial/warehouse unit with office and garage door near Nova Road.
      1070 Reed Canal Rd, Daytona Beach, FL 32119
      View Details
    • $1,427 /Mo

      Office/Retail Space on Beville Road

      Office/retail space for lease on busy Beville Road.
      669 Beville Rd, South Daytona, FL 32119
      View Details
    • $20 SF/Yr

      Office/Showroom with Warehouse Space

      Office/Showroom for lease with warehouse space and parking.
      1952 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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    1802 S Nova Rd, South Daytona, FL, 32119
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