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1520 N Nova Rd 8,719 SF 100% Leased Industrial Building Daytona Beach, FL 32117 $1,945,986 CAD ($223.19 CAD/SF) 9.02% Cap Rate

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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 (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $235,149 $26.97
Other Income - -
Vacancy Loss - -
Effective Gross Income $235,149 $26.97
Taxes $14,332 $1.64
Operating Expenses $45,341 $5.20
Total Expenses $59,674 $6.84
Net Operating Income $175,475 $20.13

FINANCIAL SUMMARY (PRO FORMA - 2026)

Gross Rental Income (CAD)
Annual $235,149
Annual Per SF $26.97
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $235,149
Annual Per SF $26.97
Taxes (CAD)
Annual $14,332
Annual Per SF $1.64
Operating Expenses (CAD)
Annual $45,341
Annual Per SF $5.20
Total Expenses (CAD)
Annual $59,674
Annual Per SF $6.84
Net Operating Income (CAD)
Annual $175,475
Annual Per SF $20.13

PROPERTY FACTS

Price $1,945,986 CAD
Price Per SF $223.19 CAD
Sale Type Investment
Cap Rate 9.02%
Sale Condition 1031 Exchange
Property Type Industrial
Property Subtype
Manufacturing
  • General Retail Auto Repair
  • Industrial Warehouse
  • FlexLight Distribution
Building Class C
Lot Size 1.33 AC
Rentable Building Area 8,719 SF
No. Stories 1
Year Built/Renovated 1959/2023
Parking Ratio 10/1,000 SF
Clear Ceiling Height 10’
No. Drive In / Grade-Level Doors 8
Opportunity Zone Yes
Zoning B-5 - See Attached

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 - - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
4244-01-04-0095
Land Assessment
$248,847 CAD
Improvements Assessment
$327,254 CAD
Total Assessment
$576,101 CAD
Annual Taxes
$14,332 CAD ($1.64 CAD/SF)
Tax Year
2026
  • Listing ID: 36562829

  • Date on Market: 2025-07-01

  • Last Updated:

  • Address: 1520 N Nova Rd, Daytona Beach, FL 32117

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