Ormond Beach Office For
For Sale
$300,000
106 N Old Kings Rd Suite B, Ormond Beach, FL 32174
Office or Medical office in the heart of Ormond Beach.
Property Size1,196 SF
Price / SF$250.84
Days on Market322
Property Features for 106 N Old Kings Rd Suite B
General Information
Standard status
Active
Size
1,196 SF
Class
B
Property subtype
Office
Building Details
Building Size
1,196 SF
Year Built
1983
Listed By:
Carl W. Lentz IV, MBA, CCIM · License #FL #BK3068067
(386) 566-3726
Source:
Svn
Added: Nov 21, 2025
Changed: Oct 3
Last Checked: Oct 7 at 9:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Carl W. Lentz IV, MBA, CCIM
Investment Insights
Based on property information with market context.
This 1196 square foot office is suitable for general or medical use and is located in the heart of Ormond Beach, directly off Nova Road on Old Kings Road. The layout includes three exam rooms equipped with sinks and counter space, a spacious lobby, and a large reception area. It also features a break room with ample counter space and a private back office. The property has new HVAC, paint, and flooring throughout. Condo fees are $500 per month.
Key Highlights
- New HVAC, Paint & Flooring Throughout
- Three Exam Rooms with sinks and counter space
- Spacious Lobby and Large Reception Area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,922
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$358,440
$358.4K
Cap Rate 7%
$256,029
$256.0K
Cap Rate 9%
$199,133
$199.1K
Market Conditions
NOI Build-Up for 1,196 SF
Gross rent
$25.8K $21.60/SF
− Vacancy
−$1.9K −$1.62/SF
EGI
$23.9K $19.98/SF
− OpEx
−$6.0K −$5.00/SF
NOI
$17.9K $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 Rate 5%
$358,440
Cap Rate 7%
$256,029
Cap Rate 9%
$199,133
Alternative Uses
Best Use
Office B
$256.0K
$224.0K – $298.7K
NOI $17,922 @ 7.0% cap · market cap 5.97%
Second Best
Healthcare Medical
$248.6K
$217.5K – $290.0K
NOI $17,399 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$352.6K
$308.6K – $411.4K
NOI $24,685 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,249
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32174, FL
53,097
Population
26,303
Households
2
Avg Household Size
55
Median Age
33%
College-Educated
93%
High-School Grad
125.4 sq mi
ZIP Area
423
Density / Sq Mi
$67,817
Median Household Income
$41,452
Median Earnings
$1,316
Median Rent
$315,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Similar Off Market Nearby
- Pet Street Veterinary Care Center — 240 S Nova Rd, Ormond Beach, FL 32174
- Fleuchaus Nixo Leslie DVM — 380 W Granada Blvd, Ormond Beach, FL 32174
- Volenec Debra DVM — Ormond Beach, FL 32174
- Shadow Lake Animal Hospital — 125 N Nova Rd, Ormond Beach, FL 32174
Frequently Asked Questions
What type of property is this?
Medical Office Space - Office or Medical office in the heart of Ormond Beach.
Where is this medical office space located?
The property is located at 106 N Old Kings Rd Suite B Ormond Beach, FL.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: New HVAC, Paint & Flooring Throughout; Three Exam Rooms with sinks and counter space; Spacious Lobby and Large Reception Area
