Two-Suite Medical Office
1667 N Clyde Morris Boulevard, Daytona Beach, FL 32117
For Sale
New
$1,637,000
Both suites are leased, with a layout that allows an owner to occupy one while retaining a tenant in the other.
Property Size4,419 SF
Price / SF$370.45
Days on Market2
Property Features for 1667 N Clyde Morris Boulevard
General Information
Standard status
Size
Zoning
Occupancy
Additional Details
Highway Access
Office Units
Tenant in Place
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
1
Cleared
0.21
true
Parking Lot
City Street
4419
Building Details
Building Size
Year Built
Buildings
Stories
Tenancy
Listing Agency:
(386) 284-2127
Listed By:
Brian Griffin
Source:
Thegriffindifference
Added: Nov 11
Last Checked: Nov 12 at 1:55AM
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 Brian Griffin
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Investment Insights
Based on property information with market context.
Built in 2006, this 4,419-square-foot medical office property is configured as two suites and is fully leased. The existing arrangement can also accommodate an owner occupying one suite while leasing the other.
The property sits on a 0.21-acre site at 1667 N Clyde Morris Boulevard in Daytona Beach, near I-95, hospitals, shopping, and residential areas. Site features include a parking lot and access from a city street.
The property sits on a 0.21-acre site at 1667 N Clyde Morris Boulevard in Daytona Beach, near I-95, hospitals, shopping, and residential areas. Site features include a parking lot and access from a city street.
Key Highlights
- 4,419‑square‑foot medical office building completed in 2006
- Two suites, both currently leased
- 0.21‑acre site with a parking lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,219
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
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
$175,500
Median Home Value
Market
Average Price Trend$/SF for Medical Office Space in Volusia County, FL
Properties on Market for Medical Office Space in Volusia County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Both suites are leased, with a layout that allows an owner to occupy one while retaining a tenant in the other.
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: 4,419‑square‑foot medical office building completed in 2006; Two suites, both currently leased; 0.21‑acre site with a parking lot
