LPGA Boulevard Corridor Office
107 & 111 Grand Preserve Way Daytona Beach, FL 32117
For Sale
$1,237,650
Office/Retail building pads for sale with completed utilities and parking.
Property Size11,392 SF
Price / SF$108.64
Days on Market250
Property Features for 107 & 111 Grand Preserve Way
General Information
Standard status
Active
Size
11,392 SF
Property subtype
Office-Pad
Building Details
Year Built
2022
Listing Agency:
SVN | Alliance Commercial Real Estate Advisors
(386) 295-5723
Listed By:
John W. Trost, CCIM · License #FL #BK-0160420
(386) 295-5723
Source:
Svn
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Jul 29 at 5:52AM
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 SVN | Alliance Commercial Real Estate Advisors
Investment Insights
Based on property information with market context.
Office and retail building pads are available for sale in the Grand Preserve along the LPGA Boulevard Corridor. The property features offsite retention, stubbed utilities, completed parking area landscaping, and a completed parking area. Building plans are available, and the site is ready to pull permits. Building Pad 1 offers 11,392 square feet, while Building Pad 2 provides 6,690 square feet. Permitted zoning uses include medical offices, professional offices, restaurants without drive-thrus, and retail sales. A condo association has been formed. The property is located at the northeast corner of LPGA Boulevard and Grand Preserve Way, just east of Clyde Morris Boulevard. It provides convenient access to Ormond Beach, Interstate 95, AdventHealth Daytona Beach Hospital, Twin Lakes Medical Center, Tanger Outlets, and Tomoka Town Center. The site is approximately 3.8 miles from Granada Boulevard, 1.9 miles from Interstate 95, and 2.3 miles from AdventHealth Daytona Beach Hospital.
Key Highlights
- Ready to pull permits, accelerating the development process.
- Utilities stubbed and parking area completed, reducing initial development costs.
- Located in the Grand Preserve | LPGA Boulevard Corridor, a high‑traffic area.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $170.9k | $15.00 |
| − Vacancy | −$17.6k | −$1.55 |
| EGI | $153.3k | $13.46 |
| − OpEx | −$46.0k | −$4.04 |
| NOI | $107.3k | $9.42 |
11,392 SF · lease $15.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Office B
$2.44M
$2.13M – $2.85M
NOI $170,709 @ 7.0% cap · market cap 13.79%
Second Best
Retail
$1.53M
$1.34M – $1.79M
NOI $107,296 @ 7.0% cap · market cap 8.67%
Theoretical Best
Office A
$3.36M
$2.94M – $3.92M
NOI $235,131 @ 7.0% cap · market cap 19.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Office/Retail building pads for sale with completed utilities and parking.
Where is this office units located?
The property is located at 107 & 111 Grand Preserve Way Daytona Beach, FL.
What is the asking price?
The asking price for this property is $1,237,650.
What are key features of this property?
This property features: Ready to pull permits, accelerating the development process.; Utilities stubbed and parking area completed, reducing initial development costs.; Located in the Grand Preserve | LPGA Boulevard Corridor, a high‑traffic area.
