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Property profile & analytics
FOR LEASE
Turn key restaurants

400 S Nova Rd Ormond Beach, FL 32174

4,984 SF 5.04 ac lot Built 2006
Entity Owned 21-yr Hold Free & Clear
Property ID
US18-9117963
Property summary
AI-generated overview

This exceptional 36,582-square-foot retail property is situated on a prominent 5-acre corner lot at the intersection of Fernery Trail and Nova Road in Ormond Beach, Florida. The single-tenant building is part of a well-maintained professional plaza, boasting excellent visibility and accessibility. Its strategic location offers convenient access to major thoroughfares including SR 40 (Granada Blvd) and US 1, ensuring high traffic volume and exposure to a large customer base. The property is anchored by DB Pickles and enjoys proximity to Dunkin Donuts, further enhancing its appeal and drawing in significant foot traffic. Ample parking is available with two convenient points of ingress and egress, ensuring ease of access for both customers and employees. The property features several different unit sizes available, offering flexibility for a variety of retail businesses. Pass-through rents are $4.25 per square foot. The property's APN is 4221-00-03-0050. This is a rare opportunity to acquire a well-positioned, high-traffic retail space in a thriving Ormond Beach location. The property's size, location, and existing tenant base make it an ideal investment for discerning buyers seeking a strong return on investment.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2006
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,984 SF
Lot 5.04 ac (219,600 SF)
Zoning code B8
APN 4221-00-03-0050
UPID US18-9117963
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
Current use
Occupant on record · Public records
  • Elite Physical Therapy Physician
  • OneBlood Medical Clinic
  • Dr. Douglas Brian Hill, PT, DPT Physician
  • THE BOOK STORE, LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$355k
CAP Approach CAP
by Request
Comparable Approach Comparable
$724k
Blend (final) Blend
$540k
Owner & transaction history
Nova Ace Plaza LLC · 21 yrs held
Nova Ace Plaza LLC
since 2004
2 recorded transactions
2004
Price N/A
2003
$565,000
Zoning & alternative use
B8 · Ormond Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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