Medical Office Suite with Exam
For Sale
$274,999
1400 Hand Avenue, Ormond Beach, FL 32174
Commercial Sale, Ormond Beach, FL
Property Size1,197 SF
Lot Size0.02 Acres
Price / SF$229.74
Days on Market48
Property Features for 1400 Hand Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking features
Parking Lot, Assigned
Lot features
Zero Lot Line
Directions
Nova Road to West on Hand Ave, on left side
Subdivision
42 - LPGA to Granada, W of Nova & E of 95
Standard status
Active
APN
4229-11-00-000J
Size
1,197 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
UNIT J HAND AVENUE CENTRE CONDO PER OR 5282 PG 4298 PER OR 5391 PG 2602 PER OR 5780 PG 3069 PER OR 6163 PGS 4077-4078 PER OR 7602 PGS 1963-1964 PER OR 8644 PG 0097
Tax Annual Amount
3657
HOA Fee
$1,557 Quarterly
Legal Description
UNIT J HAND AVENUE CENTRE CONDO PER OR 5282 PG 4298 PER OR 5391 PG 2602 PER OR 5780 PG 3069 PER OR 6163 PGS 4077-4078 PER OR 7602 PGS 1963-1964 PER OR 8644 PG 0097
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
2004
Floors in Building
1
Flooring type
Tile
Building materials
Block, Concrete, Stucco
Listing Agency:
Clayton Realty Group, LLC
(386) 316-7544
Listed By:
Yan Chen
(386) 882-5022
Added: Sep 1
Changed: Oct 2
Last Checked: Oct 18 at 8:06PM
MLS# 1230350
Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,197-square-foot medical office suite was built in 2004 and offers a reception area, one bathroom, and four exam rooms. Tile flooring, block, concrete, and stucco construction, along with central electric heating and central air conditioning, support the existing office configuration. Public water and public sewer serve the property.
Parking is provided through a lot with assigned spaces, including employee parking behind the unit. The property is near a hospital and major roads in Ormond Beach. The suite is currently connected to Unit I and occupied by a tenant, so advance coordination is required for access and scheduling.
Parking is provided through a lot with assigned spaces, including employee parking behind the unit. The property is near a hospital and major roads in Ormond Beach. The suite is currently connected to Unit I and occupied by a tenant, so advance coordination is required for access and scheduling.
Key Highlights
- 1,197 SF medical office suite with reception area, one bathroom, and four exam rooms
- Built in 2004 with block, concrete, and stucco construction
- Central air conditioning and central electric heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,937
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$358,740
$358.7K
Cap Rate 7%
$256,243
$256.2K
Cap Rate 9%
$199,300
$199.3K
Market Conditions
NOI Build-Up for 1,197 SF
Gross rent
$25.9K $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%
$358,740
Cap Rate 7%
$256,243
Cap Rate 9%
$199,300
Alternative Uses
Best Use
Office B
$256.2K
$224.2K – $299.0K
NOI $17,937 @ 7.0% cap · market cap 6.52%
Second Best
Healthcare Medical
$248.8K
$217.7K – $290.2K
NOI $17,413 @ 7.0% cap · market cap 6.33%
Theoretical Best
Office A
$352.9K
$308.8K – $411.8K
NOI $24,706 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
755
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
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured with a reception area, restroom, four exam rooms, and on-site parking.
Where is this medical office space located?
The property is located at 1400 Hand Avenue Ormond Beach, FL.
What is the asking price?
The asking price for this property is $274,999.
What are key features of this property?
This property features: 1,197 SF medical office suite with reception area, one bathroom, and four exam rooms; Built in 2004 with block, concrete, and stucco construction; Central air conditioning and central electric heating
