Medical Office Property with Exam
For Sale
$895,000
905 Beville Road, South Daytona, FL 32119
COMMERCIAL - South Daytona, FL
Property Size2,500 SF
Lot Size2.03 Acres
Price / SF$335.08
Days on Market167
Property Features for 905 Beville Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Directions
South on Nova Rd. Left on Beville, Property is on the Right
Subdivision
32 - Daytona Beville to ISB, E of 95
Standard status
Active
APN
5344-16-00-1170
Size
2,671 SF
Lot size
2.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
N 200 FT OF E 210.5 FT OF LOT 117 BLAKE PER OR 4398 PG 3328
Tax Annual Amount
8076
Legal Description
N 200 FT OF E 210.5 FT OF LOT 117 BLAKE PER OR 4398 PG 3328
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Ceiling Fan(s)
Building Details
Year built
1951
Floors in Building
1
Flooring type
Vinyl, Carpet, Tile
Building materials
Concrete
Listing Agency:
Florida Global International Realty
(386) 451-5313
Listed By:
Clara Spangler · License #3137316
(386) 451-5313
Added: Mar 3
Changed: Aug 4
Last Checked: Aug 17 at 3:06AM
MLS# 1223697
Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This medical office property occupies 2.03 acres and includes a concrete building with two entrances, two waiting areas, seven examination rooms, and four bathrooms. Vinyl, carpet, and tile flooring are installed, with central heating and cooling, electric heat, and ceiling fans. The building was constructed in 1951 and operated as a primary care facility for more than 34 years before renovation became necessary.
A parking lot exceeding 9,000 square feet serves clients and guests. The property is positioned at Beville Road and Magnolia, with access to I-95 and I-4, and is near Embry-Riddle Aeronautical University, Daytona State, Daytona International Speedway, and Daytona Beach Airport. An undeveloped lot occupies the rear portion along Magnolia.
A parking lot exceeding 9,000 square feet serves clients and guests. The property is positioned at Beville Road and Magnolia, with access to I-95 and I-4, and is near Embry-Riddle Aeronautical University, Daytona State, Daytona International Speedway, and Daytona Beach Airport. An undeveloped lot occupies the rear portion along Magnolia.
Key Highlights
- 2.03‑acre medical office property at Beville Road and Magnolia
- 7 examination rooms, 2 waiting areas, and 4 bathrooms
- Two entrances support separate or flexible access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,025
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$800,500
$800.5K
Cap Rate 7%
$571,786
$571.8K
Cap Rate 9%
$444,722
$444.7K
Market Conditions
NOI Build-Up for 2,671 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$57.7K $21.60/SF
− Vacancy
−$4.3K −$1.62/SF
EGI
$53.4K $19.98/SF
− OpEx
−$13.3K −$5.00/SF
NOI
$40.0K $14.99/SF
Area
Volusia County, FL
Vacancy
7.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$800,500
Cap Rate 7%
$571,786
Cap Rate 9%
$444,722
Alternative Uses
Best Use
Office B
$571.8K
$500.3K – $667.1K
NOI $40,025 @ 7.0% cap · market cap 4.47%
Second Best
Healthcare Medical
$555.1K
$485.7K – $647.6K
NOI $38,857 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$787.6K
$689.1K – $918.8K
NOI $55,129 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
820
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32119, FL
22,498
Population
12,629
Households
1.8
Avg Household Size
50
Median Age
27%
College-Educated
91%
High-School Grad
7.8 sq mi
ZIP Area
2,884
Density / Sq Mi
$53,795
Median Household Income
$37,675
Median Earnings
$1,371
Median Rent
$215,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Newman Veterinary Centers — 1130 Beville Rd, Daytona Beach, FL 32114
- Beville Animal Hospital — 945 Beville Rd, South Daytona, FL 32119
- VCA Daytona Animal Hospital — 1130 Beville Rd, Daytona Beach, FL 32114
Frequently Asked Questions
What type of property is this?
Medical Office Space - Existing clinical layout with multiple entrances, patient waiting areas, examination rooms, and dedicated parking.
Where is this medical office space located?
The property is located at 905 Beville Road South Daytona, FL.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 2.03‑acre medical office property at Beville Road and Magnolia; 7 examination rooms, 2 waiting areas, and 4 bathrooms; Two entrances support separate or flexible access
