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Property profile & analytics
OFF-MARKET
Estimated value
$1,105,000
Retail properties & Spaces
650 Nova Rd Daytona Beach, FL 32114-1704
Individually Owned
25-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3783137
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,584 SF
Lot
4.8 ac (209,087 SF)
Zoning code
BA
APN
5238-04-00-0010
UPID
US18-3783137
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
-
Subaru of Daytona Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.19M
Blend (final)
Blend
$1.11M
Owner & transaction history
Masonova Ltd · 25 yrs held
Masonova Ltd
since 2001
6 recorded transactions
Zoning & alternative use
BA · Daytona Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.6M
+104.3%
Restaurant
$1.4M
+76.5%
Neighborhood: shopping center
$1.4M
+74.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Daytona Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Daytona Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
$800,000
Current use
AUTO REPAIR, GARAGE
$1,635,000
Change: +104% · Conversion: Difficult
RESTAURANT
$1,415,000
Change: +76% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,395,000
Change: +74% · Conversion: Difficult
MEDICAL BUILDING
$1,290,000
Change: +61% · Conversion: Difficult
RETAIL STORES
$975,000
Change: +22% · Conversion: Difficult
COMMERCIAL (GENERAL)
$830,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$1.11M
Range $995k – $1.22M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$168 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$21,057
Tax year 2023
Assessed value
$1,174,520
Assessed 2023
Previous assessed
$909,721
+29.1% YoY
Effective rate
1.79%
On assessed value
Assessed land
$590,119
Assessed improvement
$584,401
Land market value
$590,119
Improvement market value
$584,401
Total market value
$1,174,520
Applied tax rate
204.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
5
Total area
6,584 SF
Lot
4.8 ac (209,087 SF)
Zoning code
BA
APN
5238-04-00-0010
UPID
US18-3783137
Jurisdiction
VOLUSIA
Zoning & alternative use
BA · Daytona Beach, FL
Zoning BA · permitted uses
BA · Daytona Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Daytona Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$800,000
AUTO REPAIR, GARAGE
Est. value
$1.6M
RESTAURANT
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.3M
RETAIL STORES
Est. value
$975,000
COMMERCIAL (GENERAL)
Est. value
$830,000
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
AUTO REPAIR, GARAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
5
Lot
4.8 ac
Current owner
From public records · entity-resolved
Masonova Ltd
Individual
Mailing address
551 N NOVA RD, DAYTONA BEACH, FL 32114-1701
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2001
$100,000
Masonova Ltd
Bristol Steel & Iron Works Tr
Grant Deed
$100,000 · Sunshine State Community Bank
Apr 27, 2001
$4,200
Melvin E Kittrell
Debartolo,charlotte G
Grant Deed
—
Apr 27, 2001
$33,200
Melvin E Kittrell
Kittrell,melvin E
Grant Deed
related
—
—
—
Ritchey Properties LLC
—
Deed Of Trust
related
$1,770,743 · Suntrust Bank NA
—
—
Ritchey Properties LLC
—
Deed Of Trust
related
$1,165,728 · Suntrust Bank NA
—
—
Leo Anderson
—
Deed Of Trust
related
$63,000 · Aabco Mortgage Loan & Inv
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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