150 Nova RdOrmond Beach, FL 32174
- Retail properties
- 30,362 SF
Property Details for 150 Nova Rd
- Year built
- 1985
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 3.30 AC
- Property size (Sq ft)
- 30,362 SF
- Zone code
- B8
- Property type
- Retail properties
- Property subtype
- Turn key restaurants
- APN
- 4221-00-01-0021
- APU
- 422100010021
Description
This exceptional single-story, 27,889 square foot retail and office building, situated on a 3.3-acre lot in Ormond Beach, Florida, presents a unique investment opportunity. Built in 1985 and zoned D2, the property boasts five suites, with 3,000 square feet currently vacant and ready for immediate occupancy. Ideal for a variety of uses, including coworking spaces, the building offers ample space for businesses seeking flexible and modern work environments. The property's location at 150 N Nova Rd, Ormond Beach, FL 32174, places it within the Daytona Beach submarket, providing excellent access to major transportation routes and a thriving local economy. The property's APN is 422100010021, and it is located in Volusia County. This is a rare chance to acquire a well-located, versatile commercial property in a high-demand area. The building's single-story design offers convenient access and functionality. The substantial vacant space provides significant potential for customization and expansion. This property is perfect for entrepreneurs, established businesses, or investors seeking a strong return on investment in a dynamic market. Don't miss this opportunity to secure a prime location in the Ormond Beach Market Place.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $7,597,310
- 6.5%
- $7,012,901
- 7%
- $6,511,980
-
Comparable approach
- Method
- Valuation
- Relative Method
- $8,541,061
- Geo Method
- $8,541,061
-
Alternative Use
- Use
- Valuation
- Residential
- $5,915,644
- Hospitality
- $5,418,698
- Educational
- $4,508,294
- Medical
- $4,663,341
- Retail
- $7,012,901
Location Insight
- City
- Ormond Beach
- County
- Volusia
- State
- Florida
- Latitude
- 29.2808
- Longitude
- -81.0833
- CBSA code
- 19660
- CBSA name
- DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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