Ormond Beach Office For
106 N Old Kings Rd Suite B Ormond Beach, FL 32174
106 N Old Kings Rd Suite B, Ormond Beach, FL, 32174
$300,000
For Sale
$300,000
Office or Medical office in the heart of Ormond Beach.
Property Size1,196 SF
Price / SF$250.84
Days on Market238
Property Features for 106 N Old Kings Rd Suite B
General Information
- Standard status
- Active
- Size
- 1,196 SF
- Property subtype
- Office
Building Details
- Year Built
- 1983
Listing Agency
(386) 566-3726
Listed by
Carl W. Lentz IV, MBA, CCIM · License #FL #BK3068067
(386) 566-3726
Source
Svn
Added: Nov 21, 2025 Checked: Jul 16 at 6:41 am
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
Local Financial Insights For Office B
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 | $25.8k | $21.60 |
| − Vacancy | −$1.9k | −$1.62 |
| EGI | $23.9k | $19.98 |
| − OpEx | −$6.0k | −$5.00 |
| NOI | $17.9k | $14.99 |
1,196 SF · lease $21.60/SF/yr · vacancy 7.50% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Digna Acosta
Pediatrician
Roy Hinman
Pediatrician
Empower Health
Gym & Fitness Center
Dr. Thomas H. ...
Dental Office
Nutrition Consultations
Physician
Similar For Sale Nearby
Similar Off Market Nearby
- Shadow Lake Animal Hospital — 125 N Nova Rd, Ormond Beach, FL 32174
- Pet Street Veterinary Care Center — 240 S Nova Rd, Ormond Beach, FL 32174
- Volenec Debra DVM — Ormond Beach, FL 32174
- Fleuchaus Nixo Leslie DVM — 380 W Granada Blvd, Ormond Beach, FL 32174
FAQs
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
