Medical Office Building For
For Sale
Contact for pricing
1667 N Clyde Morris Boulevard, Daytona Beach, FL 32117
Medical office building in booming area, fully leased, great investment.
Property Size4,419 SF
Price / SF$370.45
Days on Market176
Property Features for 1667 N Clyde Morris Boulevard
General Information
Standard status
Active
Size
4,419 SF
Class
A
Property subtype
Business for Sale, Office
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$101,816
Building Details
Year Built
2006
Buildings
1
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
Adams Cameron & Co. REALTORS
Listed By:
William Cullen · License #SL3526594
Source:
Crexi
Added: Mar 1
Changed: Aug 8
Last Checked: Aug 8 at 3:10PM
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 Adams Cameron & Co. REALTORS
Investment Insights
Based on property information with market context.
This 4,419 square foot medical office building is located in a developing area, minutes from I-95. The property is currently fully leased in two suites, providing rental income. The layout allows an owner to occupy one suite while renting the other. The building is located near hospitals, shopping, and residences, making it suitable for medical professionals or investors.
Key Highlights
- Prime medical office building in a booming development corridor
- Fully leased in two distinct suites, offering immediate rental income
- Excellent opportunity for an owner/user to occupy one suite and rent the other
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
$66,219
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
4.05%
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%
$1,324,380
$1.3M
Cap Rate 7%
$945,986
$946.0K
Cap Rate 9%
$735,767
$735.8K
Market Conditions
NOI Build-Up for 4,419 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
$95.5K $21.60/SF
− Vacancy
−$7.2K −$1.62/SF
EGI
$88.3K $19.98/SF
− OpEx
−$22.1K −$5.00/SF
NOI
$66.2K $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%
$1,324,380
Cap Rate 7%
$945,986
Cap Rate 9%
$735,767
Alternative Uses
Best Use
Office B
$946.0K
$827.7K – $1.10M
NOI $66,219 @ 7.0% cap · market cap 4.05%
Second Best
Healthcare Medical
$918.4K
$803.6K – $1.07M
NOI $64,286 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,208 @ 7.0% cap · market cap 5.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
328
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office building in booming area, fully leased, great investment.
Where is this medical office space located?
The property is located at 1667 N Clyde Morris Boulevard Daytona Beach, FL.
What is the asking price?
The asking price for this property is $1,637,000.
What are key features of this property?
This property features: Prime medical office building in a booming development corridor; Fully leased in two distinct suites, offering immediate rental income; Excellent opportunity for an owner/user to occupy one suite and rent the other
