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12,600 S.F Retail/Warehouse Building 1396 N Nova Rd 12,600 SF 69% Leased Retail Building Daytona Beach, FL 32117 $1,899,000 ($150.71/SF) 6.16% Cap Rate
Investment Highlights
- High Traffic Area
- Multiple Income Streams
- Block Construction
Executive Summary
12,600 SF | Top-Tier Block Construction with Immediate Income and Occupancy Options
This is an opportunity to own one of the best-built properties in the region. The 12,600 S.F. block construction building features durable concrete truss ceilings and has seen many recent, high-value upgrades.
Currently, the property is 100% leased, providing a stable income stream. However, for a buyer looking to establish or expand operations, there is an owner-occupancy opportunity for up to 3,900 S.F. of space. The building was constructed to offer maximum versatility (originally 16 self-contained spaces) and can easily accommodate a wide range of needs, such as dedicated retail up front and functional warehouse space in the back, complete with a roll-up door.
Recent Capital Improvements:
New digital sign installed last year ($15,000).
Roof sealing completed on the TPO roof.
New soffit lighting and professional paint touch-ups.
Located in the Volusia County Unincorporated Area, the property is ideal for many commercial uses. Qualified buyers are encouraged to inquire about the possibility of partial owner financing. Bring Offers!
This is an opportunity to own one of the best-built properties in the region. The 12,600 S.F. block construction building features durable concrete truss ceilings and has seen many recent, high-value upgrades.
Currently, the property is 100% leased, providing a stable income stream. However, for a buyer looking to establish or expand operations, there is an owner-occupancy opportunity for up to 3,900 S.F. of space. The building was constructed to offer maximum versatility (originally 16 self-contained spaces) and can easily accommodate a wide range of needs, such as dedicated retail up front and functional warehouse space in the back, complete with a roll-up door.
Recent Capital Improvements:
New digital sign installed last year ($15,000).
Roof sealing completed on the TPO roof.
New soffit lighting and professional paint touch-ups.
Located in the Volusia County Unincorporated Area, the property is ideal for many commercial uses. Qualified buyers are encouraged to inquire about the possibility of partial owner financing. Bring Offers!
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
12,600 SF
Building Class
B
Year Built
1981
Price
$1,899,000
Price Per SF
$150.71
Cap Rate
6.16%
NOI
$117,000
Percent Leased
69%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.46
Lot Size
0.63 AC
Opportunity Zone
Yes
Zoning
B-4 - Retail & Warehouse along with other Multi Uses
Parking
30 Spaces (2.38 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signalized Intersection
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5237-06-01-0020 | Improvements Assessment | $573,983 |
| Land Assessment | $155,878 | Total Assessment | $729,861 |
Property Taxes
Parcel Number
5237-06-01-0020
Land Assessment
$155,878
Improvements Assessment
$573,983
Total Assessment
$729,861
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12,600 S.F Retail/Warehouse Building | 1396 N Nova Rd
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