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1520 N Nova Rd 8,719 SF 100% Leased Industrial Building Daytona Beach, FL 32117 $1,400,000 ($160.57/SF) 9.02% Cap Rate
INVESTMENT HIGHLIGHTS
- Heavy Traffic Area
- New Roof(s)
- Stablized
- 100% Occupied
- New Septic(s)
EXECUTIVE SUMMARY
We are pleased to present a multi-parcel offering featuring two parcels with a total of 12 distinct income streams. The diverse tenant base includes a well-established motorcycle repair business with laydown space, a used auto sales operation, an outbuilding with yard space, an 8-unit warehouse building, and a two-story duplex. The property is currently 100% occupied. Significant capital improvements have been made within the last two years, including the replacement of roofs on three major buildings and upgrades to all three septic tanks and their associated leech fields. All major maintenance items have been addressed, making this an ideal opportunity for a 1031 exchange or redevelopment. The property is located in an unincorporated area and benefits from B-5 zoning.
FINANCIAL SUMMARY (PRO FORMA - 2026) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$169,173
|
$19.40
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$169,173
|
$19.40
|
| Taxes |
$10,311
|
$1.18
|
| Operating Expenses |
$32,620
|
$3.74
|
| Total Expenses |
$42,931
|
$4.92
|
| Net Operating Income |
$126,242
|
$14.48
|
FINANCIAL SUMMARY (PRO FORMA - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $169,173 |
| Annual Per SF | $19.40 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $169,173 |
| Annual Per SF | $19.40 |
| Taxes | |
|---|---|
| Annual | $10,311 |
| Annual Per SF | $1.18 |
| Operating Expenses | |
|---|---|
| Annual | $32,620 |
| Annual Per SF | $3.74 |
| Total Expenses | |
|---|---|
| Annual | $42,931 |
| Annual Per SF | $4.92 |
| Net Operating Income | |
|---|---|
| Annual | $126,242 |
| Annual Per SF | $14.48 |
PROPERTY FACTS
AMENITIES
- Fenced Lot
- Storage Space
UTILITIES
- Lighting
- Gas
- Water - City
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Dale's Motorcyc Le Repair
- Services
- -
- -
- -
- Finishing Touch Auto Detailing
- Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Dale's Motorcyc Le Repair | Services | - | - | - | ||
| Finishing Touch Auto Detailing | Services | - | - | - |
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PROPERTY TAXES
| Parcel Number | 4244-01-04-0095 | Total Assessment | $385,820 (2025) |
| Land Assessment | $150,384 (2025) | Annual Taxes | $10,311 ($1.18/SF) |
| Improvements Assessment | $235,436 (2025) | Tax Year | 2026 |
PROPERTY TAXES
Parcel Number
4244-01-04-0095
Land Assessment
$150,384 (2025)
Improvements Assessment
$235,436 (2025)
Total Assessment
$385,820 (2025)
Annual Taxes
$10,311 ($1.18/SF)
Tax Year
2026
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1520 N Nova Rd
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