1905 Nova Rd, Daytona Beach, FL 32117-1421
- Grocery and convenience stores
- 43,709 SF
- 9.74 lot acres
Current Use by Public Records
- Walmart Pet Services / Kennel & Boarding Facility
- MoneyGram / Bank / Credit Union
- Redbox / Cinema / (Bike/Boat/Book/etc) Store
- ecoATM / Electronics Vending Machine
- Walmart Deli / Food Market / Restaurant
Property Details for 1905 Nova Rd
- Year built
- 2006
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 9.74 lot acres
- Property type
- Grocery and convenience stores
- APN
- 4242-04-29-0113
- APU
- 424204290113
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 2, 2005 | $2,755,800 | Stores East Wal-mart | Drummond,peggy S | Grant Deed | — |
Description
This exceptional 1.03-acre commercial land parcel presents a remarkable investment opportunity in the thriving Holly Hill, Florida market. Situated at a high-visibility, signalized intersection of Nova Road and Flomich Street, this property boasts exceptional frontage on a major thoroughfare, ensuring maximum exposure for any development. The site is conveniently located within the greater Daytona Beach community, benefiting from the high traffic volume characteristic of one of the area's busiest roads. Zoned for commercial use, this retail pad is ideally suited for a variety of businesses seeking a prominent location with strong visibility and accessibility. The property's strategic placement offers unparalleled potential for attracting a substantial customer base. The land is currently available for sale, providing a unique chance to acquire a prime piece of real estate in a rapidly growing market. Its location adjacent to a Walmart Neighborhood Market further enhances its appeal, guaranteeing high foot traffic and a built-in customer base. This is an exceptional opportunity for investors and developers seeking a high-impact location in a vibrant and expanding area. The property is located at 1905 N Nova Rd, Holly Hill, FL 32117, within Volusia County.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $6,860,000
- 6.5%
- $6,335,000
- 7%
- $5,880,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $6,697,000
- AI Estimate
- $5,121,000
Market price range: $2.91M - $7.36MMarket price range: $2.17M - $6.41M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $5,140,000 Current use
- RESTAURANT
- $9,380,000 Change: +82% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $9,270,000 Change: +80% Conversion: Moderate
- MEDICAL BUILDING
- $8,550,000 Change: +66% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $8,520,000 Change: +66% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $5,220,000 Change: +2% Conversion: Difficult
- WAREHOUSE, STORAGE
- $5,070,000 Change: -1% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Daytona Beach
- County
- Volusia
- State
- Florida
- Longitude
- -81.0672
- Latitude
- 29.2484
- CBSA code
- 19660
- CBSA name
- DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA
