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    Property profile & analytics

    243 Nova Rd Ormond Beach, FL 32174-6116

    • Investment properties
    • 3,086 SF
    • 0.80 lot acres
    OFF-MARKET
    Value Estimation
    $220,000
    Location Intelligence
    Property ID
    US18-4562533
    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

    • R & S Fabricators / Welder
    • East Coast Aluminum of Volusia Inc. / Patio Enclosure Supplier / Gutter Service

    Property Details for 243 Nova Rd

    Year built
    1966
    Construction
    WOOD
    Lot size
    0.80 lot acres
    Property size
    3,086 SF
    Zone code
    B8
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    4221-02-00-0060
    APU
    422102000060

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $180,000

    • CAP approach

      CAP return
      Estimation
      6%
      $265,000
      6.5%
      $225,000
      7%
      $265,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $220,000
      Geo Method
      $260,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $285,000
      Retail
      $260,000
      Mixed-Use
      $255,000
      Hospitality
      $280,000
      Educational
      $270,000
      Residential Income
      $270,000
      Energy
      $235,000
      Income-Based Land
      $260,000
      Food Service
      $255,000

    Location Insight

    • Map
    • Local Demand
    City
    Ormond Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.0806
    Latitude
    29.2718
    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
    $3,402
    $140,940
    $67,377
    $208,317
    -
    $140,940
    $67,377
    $208,317

    Comparable in this City

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      9,038 SF

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    • Value Estimation by Request
      22,500 SF

      15 Tower Cir

      STORE/OFFICE (MIXED USE) • 22,500 SF
      15 Tower Cir, Ormond Beach, FL 32174-8762
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    • Value Estimation by Request
      6,720 SF

      560 Yonge St

      STORE/OFFICE (MIXED USE) • 6,720 SF
      560 Yonge St, Ormond Beach, FL 32174-7540
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      29,983 SF

      1446 Granada Blvd

      STORE/OFFICE (MIXED USE) • 29,983 SF
      1446 Granada Blvd, Ormond Beach, FL 32174-9141
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    • Value Estimation by Request
      766 SF

      555 Granada Blvd Ste F5

      STORE/OFFICE (MIXED USE) • 766 SF
      555 Granada Blvd Ste F5, Ormond Beach, FL 32174-9405
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    • Value Estimation by Request
      766 SF

      555 Granada Blvd Ste C6

      STORE/OFFICE (MIXED USE) • 766 SF
      555 Granada Blvd Ste C6, Ormond Beach, FL 32174-9493
      View Details

    Similar Nearby for Sale

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      Prime location, fully renovated suite.
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      Ormond Beach Mixed-Use Property

      Prime Location, Versatile Space, High Returns
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    Similar Nearby for Lease

    • $13 SF/Yr
      7,500 SF

      Ormond Beach Industrial Warehouse

      7,500 SF Flex Space, Prime Location
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    • $6,167 /Mo
      36,582 SF

      Ormond Beach Professional Plaza Space

      Professional plaza with multiple units available in Ormond Beach.
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    • $16 SF/Yr
      714 SF

      Professional Office Space in Ormond

      714 SF office space for lease in Ormond Beach.
      555 W Granada Blvd, Ormond Beach, FL 32174
      View Details
    • Contact for pricing
      1,366 SF

      Commercial Condo in MBA Business Center

      Commercial condo for sale or lease with highway signage.
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    • $21 SF/Yr
      33,368 SF

      Retail & Office Space Available

      Retail and office space for lease in South Forty Plaza.
      1112 W Granada Blvd, Ormond Beach, FL 32174
      View Details
    • $25 SF/Yr
      2,450 SF

      Retail Space High-Traffic Intersection

      Retail space available at high-traffic intersection of West Granada.
      110-160 S Nova Rd, Ormond Beach, FL 32174
      View Details

    Property Visit Statistics

    • Visits by month
      32.1k
    • Visitors by month
      13.8k
    • Avg Time on site
      8 min
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    243 Nova Rd
    Ormond Beach, FL 32174-6116
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    Realmo Value Estimation

    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.

    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.

    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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