3731 Nova RdPort Orange, FL 32129

Property Details for 3731 Nova Rd

Year built

1980

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.37 AC

Property size (Sq ft)

5,600 SF

Zone code

PO

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

6337-01-25-002A

APU

63370125002A

Description

This exceptional investment opportunity presents three contiguous one-acre commercial outparcels totaling three acres, ideally situated on South Nova Road in Port Orange, Florida. Each parcel is individually priced at $700,000, offering flexibility for various development scenarios. The property boasts a highly desirable OP zoning designation, making it suitable for a wide range of commercial uses, particularly attractive to national franchises and developers. The parcels benefit from a cross-access agreement, enhancing convenience and accessibility. Located in Volusia County, the site enjoys excellent visibility and high traffic volume, with an average annual daily traffic count of 18,000 vehicles on South Nova Road. The surrounding area demonstrates strong demographics, featuring an average household income of $59,000 within one mile and a substantial population base: 18,900 within one mile, 100,000 within three miles, and 144,000 within five miles. The property's legal description includes the following Folio IDs: 6337-01-25-0027, 6337-01-25-0043, and 6337-01-25-0040. This prime location, combined with its zoning and accessibility, presents a compelling opportunity for significant return on investment. The address is 3731 S Nova Rd, Port Orange, FL 32129.

• CAP approach

  CAP return

  Valuation

  6%

  $1,649,885

  6.5%

  $1,522,971

  7%

  $1,414,187

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,490,613

  Geo Method

  $968,948

• Alternative Use

  Use

  Valuation

  Residential

  $1,522,971

  Hospitality

  $1,395,033

  Educational

  $1,160,651

  Medical

  $1,200,568

  Retail

  $1,805,457

Location Insight

City

Port Orange

County

Volusia

State

Florida

Latitude

29.1343

Longitude

-81.0084

CBSA code

19660

CBSA name

DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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