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Property profile

499 Nova Rd Ormond Beach, FL 32174

OFF-MARKET
Specialty properties
Property ID
US18-9138798
49,975 SF 4.6 ac lot Built 1983
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Property summary

AI-generated overview

This exceptional ±50,000 square foot school building, situated on a 4.6-acre lot in Ormond Beach, Florida, presents a unique investment opportunity. The property, built in 1983 with significant renovations in 2010, boasts 22 oversized classrooms (averaging ±750 square feet), many with private bathrooms, an indoor playground (convertible to additional classrooms), a 10,000 square foot gymnasium with a 20-foot ceiling, a commercial-grade kitchen, cafeteria, and ample lobby space. The building also includes a multipurpose area, additional rooms, and museum/display space. The property features 185 parking spaces with expansion potential and is conveniently located on 290 feet of frontage on S Nova Rd, with monument signage. Zoned for private school/college use (7200) with underlying B-8 commercial zoning, this versatile property is ideally suited for a variety of uses, including private/charter/parochial schools, sports complexes, or religious institutions. The property is located approximately 3 miles from I-95, benefiting from the explosive growth in Ormond Beach and surrounding areas, with thousands of new residential units built within a 5-mile radius. The building includes numerous recent upgrades, including a new fire alarm system, sprinkler system, HVAC units (2016), and roof coating (2016). Furniture, fixtures, and equipment are included in the sale. The asking price is $6,650,000, with owner financing available with a minimum $3 million down payment. The property is sold "as is," subject to buyer inspections. All information is believed accurate but is not guaranteed and may be subject to errors and omissions.

Property profile

Verified
Property type Specialty properties
Year built 1983
Total area 49,975 SF
Lot 4.6 ac (200,376 SF)
UPID US18-9138798

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
  • High School
  • Gym & Fitness Center Sports Field & Court
  • High School Daycare Center

Location

499 Nova Rd Ormond Beach, FL 32174
Ormond Beach metro
Google Maps

Value estimations

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Owner & transaction history

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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