Property profile

3821 Nova Rd Port Orange, FL 32127

OFF-MARKET
Grocery and convenience stores
Property ID
US19-0749468
57,009 SF 13.7 ac lot Built 2008
Entity Owned 9-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 2008
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 57,009 SF
Lot 13.7 ac (596,875 SF)
Zoning code PCD
APN 6309-00-06-0010
UPID US19-0749468

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Pharmacy
  • Specialty Food Shop Supermarket
  • Bank Loan Service
  • Barber Shop
  • Pharmacy

Location

3821 Nova Rd Port Orange, FL 32127-4950
Port Orange metro Census 82503 DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$8.26M
Comparable Approach Comparable
$14.34M
Blend (final) Blend
$11.31M

Owner & transaction history

since 2016
7 recorded transactions
2016
$38.3M
2012
Price N/A
2008
$791,900
2008
Price N/A
2007
$2.4M
2007
$437,200
2005
$1.9M

Zoning & alternative use

PCD · Port Orange, FL
Zoning description

Commercial Development (PCD), but a Master Development Agreement (MDA) was never adopted to implement the zoning. The City should work with the property owners and the owners of the four smaller adjoining properties that…

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $14.2M +47.0%
Warehouse, storage $13.0M +35.4%
Restaurant $12.2M +27.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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