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    Property profile & analytics

    750 Nova Rd Ormond Beach, FL 32174-7333

    • Specialty properties
    • 3,438 SF
    • 0.71 lot acres
    OFF-MARKET
    Value Estimations
    $215,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-9053305
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Tomoka Pines Veterinary Hospital / Veterinarian / Animal Hospital

    Property Details for 750 Nova Rd

    Year built
    1974
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.71 lot acres
    Property size
    3,438 SF
    Zone code
    B4
    Property type
    Specialty properties
    APN
    4242-03-04-0210
    APU
    424203040210

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $210,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $290,000
      Market price range: $153k - $468k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Ormond Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.0764
    Latitude
    29.2612
    CBSA code
    19660
    CBSA name
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,841
    $117,810
    $354,335
    $472,145
    -
    $117,810
    $354,335
    $472,145

    Comparable in this City

    • Value Estimation
      $70,000
      19,020 SF

      176 Division Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS • 19,020 SF
      176 Division Ave, Ormond Beach, FL 32174-6409
      View Details
    • Value Estimation
      $415,000
      29,150 SF

      1171 Nova Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 29,150 SF
      1171 Nova Rd, Ormond Beach, FL 32174-7338
      View Details
    • Value Estimation by Request
      441 SF

      101 Holw Br Xing

      PROFESSIONAL CLUBS/ASSOCIATIONS • 441 SF
      101 Holw Br Xing, Ormond Beach, FL 32174-4816
      View Details
    • Value Estimation by Request
      4,146 SF

      100 Shadow Xing Blvd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 4,146 SF
      100 Shadow Xing Blvd, Ormond Beach, FL 32174-2514
      View Details
    • Value Estimation
      $130,000
      8,964 SF

      733 Granada Blvd

      FUNERAL HOME • 8,964 SF
      733 Granada Blvd, Ormond Beach, FL 32174-5107
      View Details
    • Value Estimation
      $105,000
      4,716 SF

      148 Tomoka Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS • 4,716 SF
      148 Tomoka Ave, Ormond Beach, FL 32174-6335
      View Details

    Similar Nearby for Sale

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      Prime Ormond Beach Riverfront Commercial Land

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      Prime Ormond Beach Waterfront Commercial Land

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    • $649,900

      Ormond Beach Commercial Waterfront Lot

      Prime Riverfront Land, Endless Potential
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    • New
      $150,000
      1 SF

      Established Screen Repair Business For Sale

      Profitable screen repair company with loyal customer base in Ormond Beach.
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    • $599,900
      0.67 Acres

      Riverfront Commercial Property with Marina

      B-8 Tourist Zoned property with direct Tomoka River access.
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    Similar Nearby for Lease

    • $10 SF/Yr
      77,800 SF

      Ormond Beach Office Space For Lease

      Three-building office complex, flexible spaces available.
      100 Business Center Dr, Ormond Beach, FL 32174
      View Details
    • $21 SF/Yr
      12,088 SF

      Ormond Beach Office Space for Lease

      Prime Office, 3,604 SF Available
      141 Sagebrush Trl, Ormond Beach, FL 32174
      View Details
    • $1.17 SF/Yr
      20,000 SF

      Hull Pointe Executive Office Condo

      Modern 20,000 sq ft Executive Office Suite
      1230 Us Highway 1, Ormond Beach, FL 32174
      View Details
    • $0.01 SF/Yr
      23,000 SF

      Ormond Beach Executive Office Suite

      Prime Office Space, 1830 SF, Tenant Incentives
      570 Memorial Cir, Ormond Beach, FL 32174
      View Details
    • $19 SF/Yr
      4,975 SF

      Ormond Beach Executive Suites

      Prime Office Space, Two Units Available
      1870 Granada Blvd, Ormond Beach, FL 32174
      View Details
    • $2,837 /Mo
      1,840 SF

      Ormond Beach Retail Space Available

      1,840 SF retail space in central Ormond Beach business district.
      136 N Orchard St, Ormond Beach, FL 32174
      View Details

    Property Visit Statistics

    • Visits by month
      13.9k
    • Visitors by month
      6.5k
    • Avg Time on site
      11 min
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    750 Nova Rd
    Ormond Beach, FL 32174-7333
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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