LPGA Boulevard Corridor Office
For Sale
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107 & 111 Grand Preserve Way, Daytona Beach, FL 32117
Office/Retail building pads for sale with completed utilities and parking.
Property Size11,392 SF
Price / SF$0.02
Days on Market328
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Property Features for 107 & 111 Grand Preserve Way
General Information
Standard status
Active
Size
11,392 SF
Property subtype
Office-Pad
Building Details
Building Size
11,392 SF
Year Built
2022
Listing Agency:
SVN | Alliance Commercial Real Estate Advisors
Listed By:
John W. Trost, CCIM · License #FL #BK-0160420
(386) 295-5723
Source:
Svn
Added: Nov 21, 2025
Changed: Oct 3
Last Checked: Oct 14 at 9:28PM
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
Estimated NOI and Cap Rate
NOI / Yr
$107,296
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,145,920
$2.1M
Cap Rate 7%
$1,532,800
$1.5M
Cap Rate 9%
$1,192,178
$1.2M
Market Conditions
NOI Build-Up for 11,392 SF
Gross rent
$170.9K $15.00/SF
− Vacancy
−$17.6K −$1.55/SF
EGI
$153.3K $13.46/SF
− OpEx
−$46.0K −$4.04/SF
NOI
$107.3K $9.42/SF
Area
Volusia County, FL
Vacancy
10.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,145,920
Cap Rate 7%
$1,532,800
Cap Rate 9%
$1,192,178
Alternative Uses
Best Use
Office B
$2.44M
$2.13M – $2.85M
NOI $170,709 @ 7.0% cap · market cap 92,275.14%
Second Best
Retail
$1.53M
$1.34M – $1.79M
NOI $107,296 @ 7.0% cap · market cap 57,997.84%
Theoretical Best
Office A
$3.36M
$2.94M – $3.92M
NOI $235,131 @ 7.0% cap · market cap 127,097.84%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
373
Businesses Nearby
Explore this area
Business Placement
Demographics for 32117, FL
28,223
Population
14,392
Households
2
Avg Household Size
43
Median Age
21%
College-Educated
90%
High-School Grad
12.0 sq mi
ZIP Area
2,352
Density / Sq Mi
$52,132
Median Household Income
$32,189
Median Earnings
$1,392
Median Rent
$175,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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 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.
