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2 Bldgs Fully Leased Investment 7.81% Cap 1801 S Nova Rd 50,055 SF Office Building Daytona Beach, FL 32119 $6,300,000 ($125.86/SF) 7.81% Cap Rate
Investment Highlights
- 100% Leased
Executive Summary
This two-building package—1801 S Nova Rd (Building 1) and 955 Foster Way (Building 3)—offers a combined 50,515 SF of fully leased medical and professional office space within Landmark Business Park, Daytona Beach MSA. Both properties are 100% occupied with stable, long-term tenants, delivering strong cash flow and upside potential.
Proforma 2025 Financials (Combined):
Total Rental Income: $705,917.64
Total Expenses: $293,623.37
Net Operating Income (NOI): $412,294.27
Expense per SF: $5.93
Cap Rate (at $6.3M): 6.55%
This two-building portfolio presents a rare opportunity to acquire a strong, stabilized income-producing asset with year-over-year growth potential. Both buildings are professionally managed, well-maintained, and designed for long-term performance with minimal owner involvement. With 100% occupancy, a 40% medical tenant mix, and a blend of long-term medical and national tenants, this investment delivers security, consistency, and upside.
Financial Highlights
Total Rental Income: $705,917.64
Total Expenses: $214,094.05
Net Operating Income (NOI): $491,823.59
Expense per SF: $4.24
Offering Price: $6,300,000
Pro Forma Cap Rate: 7.81%
Building Performance
Building 1: NOI $208,125.55 | Expense PSF $4.36
Building 3: NOI $283,698.04 | Expense PSF $4.12
With a combined NOI approaching half a million dollars and a cap rate near 8%, this portfolio offers immediate cash flow with strong forward-looking stability. Quality block and steel construction, excellent tenant retention, and balanced operating expenses make this a true turnkey acquisition for investors seeking durable returns.
Portfolio Highlights
11 total units
100% occupied
40% medical tenancy
Long-term medical & national tenants
Block & steel construction
Prime location in a high-demand commercial corridor
Below market value pricing
Sold together only
Full financials, rent roll, and lease details available upon execution of an NDA.
Proforma 2025 Financials (Combined):
Total Rental Income: $705,917.64
Total Expenses: $293,623.37
Net Operating Income (NOI): $412,294.27
Expense per SF: $5.93
Cap Rate (at $6.3M): 6.55%
This two-building portfolio presents a rare opportunity to acquire a strong, stabilized income-producing asset with year-over-year growth potential. Both buildings are professionally managed, well-maintained, and designed for long-term performance with minimal owner involvement. With 100% occupancy, a 40% medical tenant mix, and a blend of long-term medical and national tenants, this investment delivers security, consistency, and upside.
Financial Highlights
Total Rental Income: $705,917.64
Total Expenses: $214,094.05
Net Operating Income (NOI): $491,823.59
Expense per SF: $4.24
Offering Price: $6,300,000
Pro Forma Cap Rate: 7.81%
Building Performance
Building 1: NOI $208,125.55 | Expense PSF $4.36
Building 3: NOI $283,698.04 | Expense PSF $4.12
With a combined NOI approaching half a million dollars and a cap rate near 8%, this portfolio offers immediate cash flow with strong forward-looking stability. Quality block and steel construction, excellent tenant retention, and balanced operating expenses make this a true turnkey acquisition for investors seeking durable returns.
Portfolio Highlights
11 total units
100% occupied
40% medical tenancy
Long-term medical & national tenants
Block & steel construction
Prime location in a high-demand commercial corridor
Below market value pricing
Sold together only
Full financials, rent roll, and lease details available upon execution of an NDA.
Financial Summary (Pro Forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$412,295
|
$82.46
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $412,295 |
| Annual Per SF | $82.46 |
Property Facts
Sale Type
Investment
Property Type
Building Size
50,055 SF
Building Class
B
Year Built
2007
Price
$6,300,000
Price Per SF
$125.86
Cap Rate
7.81%
NOI
$492,030
Tenancy
Single
Building Height
1 Story
Typical Floor Size
50,055 SF
Building FAR
0.77
Lot Size
1.50 AC
Zoning
PCD
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Davita
- -
- -
- -
- -
- Massey Pest Control
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Davita | - | - | - | - | ||
| Massey Pest Control | - | - | - | - |
1 1
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,530,453 (2026) | |
| Land Assessment | $501,465 (2026) | Total Assessment | $3,031,918 (2026) |
Property Taxes
Parcel Numbers
Land Assessment
$501,465 (2026)
Improvements Assessment
$2,530,453 (2026)
Total Assessment
$3,031,918 (2026)
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2 Bldgs Fully Leased Investment 7.81% Cap | 1801 S Nova Rd
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