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Property profile & analytics
OFF-MARKET
Churches & religious facilities

499 Nova Rd Ormond Beach, FL 32174

49,975 SF 4.6 ac lot Built 1983
Property ID
US18-9138798
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 Churches & religious facilities
Year built 1983
Total area 49,975 SF
Lot 4.6 ac (200,376 SF)
APN 422100030090
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Florida East Coast Charter School High School
  • Cheer Force All Stars Ormond Gym & Fitness Center Sports Field & Court
  • Jourdan Academy High School Daycare Center
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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