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    815 Nova Rd Daytona Beach, FL 32117-4615
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    Property profile & analytics

    815 Nova Rd Daytona Beach, FL 32117-4615

    View on Map
    • Medical Office Space
    • 3,120 SF
    • 0.48 lot acres
    Off-Market
    Property ID
    US18-2147008
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Keene & Morejon / Dental Office
    • Tomoka Periodontics & Implant Dentistry / Dental Office
    • Michele McCall DMD, MS / Dental Office
    • Oscar Morejon DMD / Dental Office
    • Keene & Morejon: Williams Jr Gerald S DDS / Dental Office

    Property Details for 815 Nova Rd

    Year built
    1962
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.48 lot acres
    Property size
    3,120 SF
    Zone code
    BW
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    5237-24-00-0080
    APU
    523724000080

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.0471
    Latitude
    29.2207
    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
    $4,504
    $97,593
    $153,612
    $251,205
    -
    $97,593
    $153,612
    $251,205

    Comparable in this City

    • Value Estimation
      $1,410,000
      10,532 SF

      1873 Clyde Morris Blvd

      MEDICAL BUILDING • 10,532 SF
      1873 Clyde Morris Blvd, Daytona Beach, FL 32117-5518
      View Details
    • Value Estimation
      $1,575,000
      10,532 SF

      1893 Clyde Morris Blvd, Unit 2

      MEDICAL BUILDING • 10,532 SF
      1893 Clyde Morris Blvd, Daytona Beach, FL 32117-5535
      View Details
    • Value Estimation
      $915,000
      4,325 SF

      1663 Clyde Morris Blvd, Unit 4

      MEDICAL BUILDING • 4,325 SF
      1663 Clyde Morris Blvd, Daytona Beach, FL 32117-5500
      View Details
    • Value Estimation by Request
      768 SF

      115 Mason Ave

      MEDICAL BUILDING • 768 SF
      115 Mason Ave, Daytona Beach, FL 32117-5017
      View Details
    • Value Estimation by Request
      2,340 SF

      1360 Mason Ave Ste, Unit 2

      MEDICAL BUILDING • 2,340 SF
      1360 Mason Ave Ste, Daytona Beach, FL 32117-5594
      View Details
    • Value Estimation by Request
      3,071 SF

      1020 Mason Ave

      MEDICAL BUILDING • 3,071 SF
      1020 Mason Ave, Daytona Beach, FL 32117-4612
      View Details

    Similar Nearby for Sale

    • $1,900,000
      Pending

      Daytona Beach Commercial Property Portfolio

      Four buildings on 2.2 acres in Daytona Beach, Florida.
      1075 Mason Ave, Daytona Beach, FL 32117
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    • $1,637,000
      4,419 SF

      Daytona Beach Medical Office Building

      Fully leased medical office near I-95 in Daytona Beach.
      1667 N Clyde Morris Blvd, Daytona Beach, FL 32117
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    • $329,900
      1,735 SF

      Holly Hill Commercial Building For Sale

      Freestanding 1,735 SF building, suitable for various commercial uses.
      1621 Espanola Ave, Holly Hill, FL 32117
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    • Contact for pricing
      4,419 SF

      Medical Office Building For Sale

      Medical office building in booming area, fully leased, great investment.
      1667 N Clyde Morris Blvd, Daytona Beach, FL 32117
      View Details
    • $257,000
      Pending

      Daytona Beach Commercial Opportunity

      Former veterinary office in high-demand Daytona Beach corridor.
      127 Mason Ave, Daytona Beach, FL 32117
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr

      Medical Suites in Twin Lakes Center

      Two medical suites for lease in a premier medical complex.
      1890 Lpga Blvd, Daytona Beach, FL 32117
      View Details
    • $12 SF/Yr
      1,125 SF

      Holly Hill Retail/Office/Medical Space

      Highly visible retail, office, or medical space for lease.
      701 Ridgewood Ave, Holly Hill, FL 32117
      View Details
    • $12 SF/Yr
      2,250 SF

      Holly Hill Retail/Office/Medical Space

      2,250 sq ft retail/office/medical space for lease.
      701 Ridgewood Ave, Holly Hill, FL 32117
      View Details
    • Contact for pricing
      2,500 SF

      Port Orange Medical Office Space

      2,500 SF medical office available for lease in Port Orange.
      3875 S Nova Rd, Port Orange, FL 32117
      View Details
    • Contact for pricing

      Office Space For Rent

      Single tenant office space available for rent, 600 SqFt.
      921 Ridgewood Ave, Daytona Beach, FL 32117
      View Details
    • $400 /Mo
      9,706 SF

      Affordable Mini Office Spaces Available

      Mini office spaces for lease with utilities included.
      1615 E Ridgewood Ave, Holly Hill, FL 32117
      View Details

    Property Visit Statistics

    • Visits by month
      79.7k
    • Visitors by month
      40.9k
    • Avg Time on site
      9 min
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    Daytona Beach, FL 32117-4615
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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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    815 Nova Rd, Daytona Beach, FL, 32117
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