1861 Nova Rd Daytona Beach, FL 32117-1448
Entity Owned
6-yr Hold
~
Est. High Equity
Estimated value (blended)
$325k
Range $293k – $358k (±10%)
Property ID
US18-3196891
Property summary
AI-generated overview
This exceptional retail property, located on bustling Nova Road in Volusia County, offers a fantastic opportunity for businesses seeking high visibility and strong foot traffic. The building, constructed in 1968, boasts a total of 5,504 square feet, with 1,707 square feet currently available for lease. This space is ideal for a variety of retail uses, benefiting from its prominent location and excellent signage opportunities. The property features both building signage and pylon signage, ensuring maximum brand exposure. The multiple-tenancy structure provides a vibrant and diverse commercial environment, attracting a wide range of customers. This is a rare chance to secure a well-positioned retail space in a thriving Volusia County market. The property's established presence and ample signage options make it an attractive proposition for businesses looking to establish or expand their operations. The 1,707 square foot space offers flexibility for various retail configurations, allowing businesses to tailor the layout to their specific needs. Don't miss this opportunity to secure a prime retail location in a high-traffic area. Contact us today to schedule a viewing and explore the possibilities.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1969
Construction
WOOD
Total area
5,504 SF
Lot
0.34 ac (14,700 SF)
Zoning code
B4
APN
4242-31-01-0070
UPID
US18-3196891
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
-
Hardware & Home Improvement Kitchen & Bath Showroom
-
Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$330k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$325k
Owner & transaction history
since 2020
Last sale
$315,000
2 recorded transactions
Zoning & alternative use
B4 · Daytona Beach, FL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$325k
Value range
$293k – $358k
±10% around blend
Estimated value / SF
$59 / SF
Confidence
High
5 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
50
$293k
blend $325k
$358k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,504 SF
Lot area
0.34 ac
Year built
1969
Stories
1
APN
4242-31-01-0070
Assessed value
$324,877
Annual tax
$6,400
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$921k
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.4 mi away · 5,181 SF
2.7 mi away · 5,151 SF
3.4 mi away · 5,076 SF
24.3 mi away · 3,888 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$325k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 25 sales
$118
-50%
Submarket 128 sales
$169
-65%
County 285 sales
$176
-67%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $59/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$315k
Move the market yield to see immediate price impact.
Value / SF
$57
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$20k
$397k
$284k
$221k
$22k
$441k
$315k
$245k
$24k
$485k
$346k
$270k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$900k
2.0 mi · Oct 2025 · $134/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$6,400
Tax year 2023
Assessed value
$324,877
Assessed 2023
Previous assessed
$296,540
+9.6% YoY
Effective rate
1.97%
On assessed value
Assessed land
$58,800
Assessed improvement
$266,077
Land market value
$58,800
Improvement market value
$266,077
Total market value
$324,877
Applied tax rate
203.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1969
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
2
Total area
5,504 SF
Lot
0.34 ac (14,700 SF)
Zoning code
B4
APN
4242-31-01-0070
UPID
US18-3196891
Jurisdiction
VOLUSIA
Zoning & alternative use
B4 · Daytona Beach, FLZoning B4 · permitted uses
B4 · Daytona Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1969
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.34 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
B4
Jurisdiction
Daytona Beach, FL
Recorded code
B4
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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