Two-Story Medical Office
For Sale
Contact for pricing
614 N Peninsula Dr, Daytona Beach, FL 32118
Two-story medical office with five exam rooms on the first floor and private office and conference space upstairs.
Property Size5,831 SF
Price / SF$180.07
Days on Market987
Property Features for 614 N Peninsula Dr
General Information
Standard status
Active
Size
5,831 SF
Total Parking Spaces
25
Property subtype
OFFICE
Zoning
BR-1
Amenities
covered drop off area
elevator
large operable fish tank
Building Details
Stories
2
Listing Agency:
SVN | Alliance Commercial Real Estate Advisors
(386) 566-3726
Listed By:
Carl W. Lentz IV · License #3068067
(386) 566-3726
Source:
Moodyscre
Added: Dec 18, 2023
Changed: Aug 23
Last Checked: Aug 31 at 2:09AM
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.
This two-story medical office features a first-floor layout designed for patient care, including five exam rooms, a therapy room, waiting/reception area, records room, staff lounge, manager’s office, and an x-ray area. The second floor is accessible via elevator and includes three private offices, a conference room, a lounge, and a full bathroom. Exterior amenities include a covered drop-off area and a separate stairwell, with parking available for approximately 25 vehicles.
The property is located just north of Seabreeze Boulevard on the east side of Peninsula. It is described as updated interior space, including a large operable fish tank in the waiting area. The building is offered as turn-key for medical use or for conversion to other office or retail uses under BR-1, Business Retail zoning in the City of Daytona Beach.
The property is located just north of Seabreeze Boulevard on the east side of Peninsula. It is described as updated interior space, including a large operable fish tank in the waiting area. The building is offered as turn-key for medical use or for conversion to other office or retail uses under BR-1, Business Retail zoning in the City of Daytona Beach.
Key Highlights
- Two‑story medical office: 5 exam rooms on the first floor plus therapy room, waiting/reception, records room, and staff lounge
- Second floor accessible by elevator with 3 private offices, conference room, lounge, and a full bathroom
- Ample on‑site parking for 25 spaces, with covered drop‑off area and separate stairwell
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
$87,378
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
8.32%
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%
$1,747,560
$1.7M
Cap Rate 7%
$1,248,257
$1.2M
Cap Rate 9%
$970,867
$970.9K
Market Conditions
NOI Build-Up for 5,831 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
$125.9K $21.60/SF
− Vacancy
−$9.4K −$1.62/SF
EGI
$116.5K $19.98/SF
− OpEx
−$29.1K −$5.00/SF
NOI
$87.4K $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%
$1,747,560
Cap Rate 7%
$1,248,257
Cap Rate 9%
$970,867
Alternative Uses
Best Use
Office B
$1.25M
$1.09M – $1.46M
NOI $87,378 @ 7.0% cap · market cap 8.32%
Second Best
Healthcare Medical
$1.21M
$1.06M – $1.41M
NOI $84,827 @ 7.0% cap · market cap 8.08%
Theoretical Best
Office A
$1.72M
$1.50M – $2.01M
NOI $120,352 @ 7.0% cap · market cap 11.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
963
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32118, FL
17,906
Population
16,390
Households
1.1
Avg Household Size
58
Median Age
31%
College-Educated
94%
High-School Grad
4.2 sq mi
ZIP Area
4,263
Density / Sq Mi
$60,418
Median Household Income
$36,153
Median Earnings
$1,283
Median Rent
$339,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Two-story medical office with five exam rooms on the first floor and private office and conference space upstairs.
Where is this medical office space located?
The property is located at 614 N Peninsula Dr Daytona Beach, FL.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Two‑story medical office: 5 exam rooms on the first floor plus therapy room, waiting/reception, records room, and staff lounge; Second floor accessible by elevator with 3 private offices, conference room, lounge, and a full bathroom; Ample on‑site parking for 25 spaces, with covered drop‑off area and separate stairwell
