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    3770 S Nova Rd Port Orange, FL 32129
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    Property profile & analytics

    3770 S Nova Rd, Port Orange, FL 32129

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    • Turn key restaurants
    • 8,520 SF
    • 0.88 lot acres
    For Sale
    $2,995,000
    View Listing →
    Port Orange Restaurant/Bar Opportunity For Sale
    $2,995,000
    8,520 SF

    Port Orange Restaurant/Bar Opportunity

    Turnkey restaurant/bar with office space in excellent condition.

    3770 S Nova Road, Port Orange, FL 32129
    View Listing
    Property ID
    US18-7778720
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 3770 S Nova Rd

    Year built
    2016
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.88 lot acres
    Property type
    Turn key restaurants
    APN
    6309-44-00-0070
    APU
    630944000070

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 2, 2015 $675,000 Mckenney Ents Of Port Orange LLC Port Orange Investors LLC Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,301,000
      Market price range: $570k - $1.56M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,830,000
      Current use
      AUTO REPAIR, GARAGE
      $2,115,000
      Change: +16% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,805,000
      Change: -1% Conversion: Difficult
      MEDICAL BUILDING
      $1,665,000
      Change: -9% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,505,000
      Change: -18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Orange
    County
    Volusia
    State
    Florida
    Longitude
    -81.0072
    Latitude
    29.1302
    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
    $34,141
    $573,675
    $1,264,623
    $1,838,298
    -
    $573,675
    $1,264,623
    $1,838,298

    Comparable in this City

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    • Value Estimation
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      2,964 SF

      3790 Nova Rd

      RESTAURANT
      3790 Nova Rd, Port Orange, FL 32129-4278
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    • Value Estimation
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      12,036 SF

      3633 Ridgewood Ave

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      4649 Clyde Morris Blvd, Unit 608

      RESTAURANT
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    • Value Estimation by Request
      4,805 SF

      3785 Nova Rd

      RESTAURANT
      3785 Nova Rd, Port Orange, FL 32129-4233
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    • Value Estimation
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      34,170 SF

      1250 Reed Canal Rd

      RESTAURANT
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      View Details

    Similar Nearby for Sale

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      2,846 SF

      KFC Restaurant For Sale

      2,846 SF KFC with long-term NNN lease.
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    • $2,995,000
      8,520 SF

      Port Orange Restaurant/Bar Opportunity

      Turnkey restaurant/bar with office space in excellent condition.
      3770 S Nova Rd, Port Orange, FL 32129
      View Details
    • $895,000
      3,993 SF

      Port Orange Commercial Condo For Sale

      3,993 SF commercial condo in high-traffic Port Orange location.
      3780 S Nova Rd, Port Orange, FL 32129
      View Details
    • Contact for pricing
      479,160 SF

      Prime Vacant Land For Sale

      11.8 acres of mixed-use land in a high-density area.
      3830 Clyde Morris Blvd, Port Orange, FL 32129
      View Details
    • $3,899,000
      11.80 Acres

      Prime Land in Growing Area

      11.8 acres of vacant land ready for development.
      3830 Clyde Morris Blvd, Port Orange, FL 32129
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    Similar Nearby for Lease

    • $10,184 /Mo

      Retail Space in Port Orange

      Retail space available in thriving Port Orange, Florida.
      3745 S Nova Rd, Port Orange, FL 32129
      View Details
    • Contact for pricing

      Versatile Business Space in Gulfstream

      Office space with unique rollup door in Gulfstream Village.
      4639 Clyde Morris Blvd, Port Orange, FL 32129
      View Details
    • Contact for pricing

      Prime Ground Lease Gas Station Site

      Opportunity for a ground lease or BTS development along S Nova Rd in Port Orange.
      3480 S Nova Rd, Port Orange, FL 32129
      View Details
    • Contact for pricing
      1,050 SF

      Retail Space in Growing Metro

      Retail space anchored by Bealls and Ross Dress for Less.
      3761-3805 S Nova Rd, Port Orange, FL 32129
      View Details
    • Contact for pricing
      8,300 SF

      Port Orange Warehouse Complex

      Warehouse complex in booming Port Orange area, various sizes available.
      703 Samms Ave, Port Orange, FL 32129
      View Details
    • $2,650 /Mo

      Corner Office Unit in Gulfstream Village

      Office unit in the Gulfstream Village complex with prominent corner location for professional services.
      4639 Clyde Morris Blvd, Port Orange, FL 32129
      View Details
    View Listing
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    3770 S Nova Rd
    Port Orange, FL 32129
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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.

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