Technical
Financial
Distress signals
Property profile

974 S Nova Rd Ormond Beach, FL 32174

FOR SALE
Warehouses
Property ID
US18-4882494
5,650 SF Built 1976
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This Ormond Beach, Florida property at 974 S Nova Road offers a unique investment opportunity. The 5,650 square foot building, constructed in 1976, sits on a substantial 38,768.4 square foot lot and features a two-story design. The building comprises approximately 3,350 square feet of open warehouse space and 2,300 square feet of air-conditioned office space. A notable feature is a 10' x 10' walk-in security safe, a remnant from its previous use as an armored car depot. The property boasts dual access points from Nova Road and Arroyo Parkway, allowing for drive-through capabilities. Over 20,000 square feet of the lot is fully fenced, secured, and cleared, ideal for uses such as a distribution yard, boat, or RV storage. The property's zoning allows for a variety of uses, including auto shop, commercial, warehouse, and executive office space, making it exceptionally versatile. The asking price is $1,300,000. This property presents a compelling blend of location, permitted uses, and robust construction, promising significant returns for the discerning investor.

Property profile

Verified
Property type Warehouses
Year built 1976
Total area 5,650 SF
UPID US18-4882494

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

974 S Nova Rd Ormond Beach, FL 32174
Ormond Beach metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message