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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2330 Nova Rd Ste B Daytona Beach, FL 32119-2574

    • Warehouses
    • 22,750 SF
    • 4.03 lot acres
    OFF-MARKET
    Value Estimations
    $915,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-6171923
    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

    • SOLAR-FLEX / Personal Trainer
    • SOS Storage on Site / Self-Storage Facility
    • SeaWaterDirect / Pet Store / Pet Supply Store
    • American Termite and Pest Services / Pest Control Service
    • C3 of FL / Equipment Supplier

    Property Details for 2330 Nova Rd Ste B

    Year built
    2008
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    4.03 lot acres
    Property size
    22,750 SF
    Property type
    Warehouses
    APN
    5344-16-00-1422
    APU
    534416001422

    Description

    This exceptional 2.58-acre commercial land parcel, located at 2330 S Nova Road, presents a unique investment opportunity. The property is ideally suited for a variety of commercial uses, thanks to its convenient location and existing infrastructure. Currently improved with a single tenant, the site boasts a fully fenced perimeter, ensuring security and privacy. Essential utilities, including electricity and water, are already in place, minimizing upfront development costs and expediting the commencement of operations. The expansive lot size offers ample space for various applications, such as a laydown yard for construction equipment or materials storage, a secure storage facility for boats or RVs, or a parking area for a fleet of vehicles. The property's zoning and permitted uses should be independently verified. The absence of existing buildings allows for complete customization to meet specific business needs, offering significant flexibility and potential for high returns. This is a rare opportunity to acquire a well-located, ready-to-use commercial land parcel in a thriving area. The property's features make it an attractive investment for entrepreneurs and businesses seeking a strategic location with immediate operational capabilities. The parcel's size and existing utilities make it a highly desirable option for a range of commercial ventures. Contact us today to schedule a viewing and explore the possibilities. The APN is 5344-16-00-1421.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $915,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.025
    Latitude
    29.1573
    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
    $31,560
    $178,991
    $1,450,420
    $1,629,411
    -
    $178,991
    $1,450,420
    $1,629,411

    Comparable in this City

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      3100 Ridgewood Ave, Unit 45

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      View Details
    • Value Estimation
      $235,000
      1,440 SF

      3100 Ridgewood Ave, Unit 46

      WAREHOUSE, STORAGE • 1,440 SF
      3100 Ridgewood Ave, South Daytona, FL 32119-4501
      View Details
    • Value Estimation
      $235,000
      1,440 SF

      3100 Ridgewood Ave, Unit 47

      WAREHOUSE, STORAGE • 1,440 SF
      3100 Ridgewood Ave, South Daytona, FL 32119-4501
      View Details
    • Value Estimation
      $235,000
      1,440 SF

      3100 Ridgewood Ave, Unit 54

      WAREHOUSE, STORAGE • 1,440 SF
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    • Value Estimation
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      3100 Ridgewood Ave, Unit 71

      WAREHOUSE, STORAGE • 1,241 SF
      3100 Ridgewood Ave, South Daytona, FL 32119-4501
      View Details
    • Value Estimation
      $325,000
      1,026 SF

      3100 Ridgewood Ave, Unit 75

      WAREHOUSE, STORAGE • 1,026 SF
      3100 Ridgewood Ave, South Daytona, FL 32119-4501
      View Details

    Similar Nearby for Sale

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    • $154,900
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      South Daytona Commercial Warehouse Opportunity

      Turn-key warehouse with office, minutes from I-95 and I-4.
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      South Daytona Flex Unit

      Prime flex unit with showroom, warehouse, and office space.
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    Similar Nearby for Lease

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      39,600 SF

      South Daytona Flex Space Available

      Versatile Flex/Warehouse Space for Lease
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    • $12 SF/Yr

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    • New
      $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
    • $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
    • $6,300 /Mo
      6,300 SF

      South Daytona Industrial Property For Rent

      6,300 SF industrial property with showroom and office space.
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    • $20 SF/Yr
      5,329 SF

      Office/Showroom with Warehouse Space

      Office/Showroom for lease with warehouse space and parking.
      1952 S Ridgewood Ave, Daytona Beach, FL 32119
      View Details
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    2330 Nova Rd Ste B
    Daytona Beach, FL 32119-2574
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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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