1801 S Nova Rd - Office FOR SALE


Daytona Beach, FL 32119- Greater Daytona
$6,300,000 USD
386-338-1330
1801 S Nova Rd, Daytona Beach, FL for Sale
$6,300,000 USD
Office - FOR SALE
1/19
null | 7.81% Cap Rate

1801 S Nova Rd
Daytona Beach, FL 32119
Greater Daytona


HIGHLIGHTS

  • 100% Leased

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$6,300,000 USD

PRICE/SF

$1,260 USD /SF

CAP RATE

7.81%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2 Bldgs Fully Leased Investment 7.81% Cap

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

PCD

APN/PARCEL ID

5341-12-00-0030,5344-16-00-1320

ASK ABOUT THIS PROPERTY

Kayla WilliamsRealty Pros CommercialMore Info
386-338-1330

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Kayla WilliamsRealty Pros CommercialMore Info
386-338-1330

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.