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Property profile & analytics
OFF-MARKET Estimated value $885,000
Investment properties

3731 Nova Rd Port Orange, FL 32129-4233

5,600 SF 0.37 ac lot Built 1980
Individually Owned 2-yr Hold Free & Clear
Property ID
US18-5582950
Property summary
AI-generated overview

This exceptional investment opportunity presents three contiguous one-acre commercial outparcels totaling three acres, ideally situated on South Nova Road in Port Orange, Florida. Each parcel is individually priced at $700,000, offering flexibility for various development scenarios. The property boasts a highly desirable OP zoning designation, making it suitable for a wide range of commercial uses, particularly attractive to national franchises and developers. The parcels benefit from a cross-access agreement, enhancing convenience and accessibility. Located in Volusia County, the site enjoys excellent visibility and high traffic volume, with an average annual daily traffic count of 18,000 vehicles on South Nova Road. The surrounding area demonstrates strong demographics, featuring an average household income of $59,000 within one mile and a substantial population base: 18,900 within one mile, 100,000 within three miles, and 144,000 within five miles. The property's legal description includes the following Folio IDs: 6337-01-25-0027, 6337-01-25-0043, and 6337-01-25-0040. This prime location, combined with its zoning and accessibility, presents a compelling opportunity for significant return on investment. The address is 3731 S Nova Rd, Port Orange, FL 32129.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1980
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,600 SF
Lot 0.37 ac (16,059 SF)
Zoning code PO
APN 6337-01-25-002A
UPID US18-5582950
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.07M
Comparable Approach Comparable
$891k
Blend (final) Blend
$885k
Owner & transaction history
Rex Franklin Caton · 2 yrs held
Rex Franklin Caton
since 2024
4 recorded transactions
2024
Price N/A
2005
Price N/A
2004
Price N/A
1986
Price N/A
Zoning & alternative use
PO · Port Orange, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $1.4M +27.1%
Warehouse, storage $1.2M +6.0%
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