Modern Office Building with
1899 S Clyde Morris Blvd Daytona Beach, FL 32119
1899 S Clyde Morris Blvd, Daytona Beach, FL, 32119
Contact for pricing
For Sale
Contact for pricing
Pending
Modern office building with over a dozen private offices, reception, meeting area, and 50+ parking spaces.
Property Size10,770 SF
Days on Market170
Property Features for 1899 S Clyde Morris Blvd
General Information
- Standard status
- Pending
- Size
- 10,770 SF
- Property subtype
- Office
Building Details
- Year Built
- 1994
Listing agency
SVN | Alliance Commercial Real Estate Advisors Ormond Beach
(386) 999-1762
Listed by
Michael Baxter · License #SL3451680
Source
Crexi
Added: Feb 3 Updated: Jul 22 at 9:54AM Checked: Jul 22 at 9:54AM
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 Ormond Beach
Investment Insights
Based on property information with market context.
This modern professional office building features concrete block construction and a layout that includes more than a dozen private offices, an open meeting area, reception, and several work spaces. The owner is vacating the building, and the property was renovated in 2022 with a new roof, followed by additional mechanical upgrades including a new heat pump in 2023 and new A/C in 2025.
The building sits on a lit corner and includes 50+ parking spaces, with a former drive-thru on site. Two large monument signs are also present.
With its enclosed office configuration and dedicated reception and meeting space, the building is positioned for professional services use, including attorney, insurance, or medical users as described in the remarks.
The building sits on a lit corner and includes 50+ parking spaces, with a former drive-thru on site. Two large monument signs are also present.
With its enclosed office configuration and dedicated reception and meeting space, the building is positioned for professional services use, including attorney, insurance, or medical users as described in the remarks.
Key Highlights
- 1994‑built modern professional office building with concrete block construction
- More than a dozen private offices plus reception and an open meeting area
- Lit corner location with 50+ parking spaces and former drive‑thru
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 | $232.6k | $21.60 |
| − Vacancy | −$17.4k | −$1.62 |
| EGI | $215.2k | $19.98 |
| − OpEx | −$53.8k | −$5.00 |
| NOI | $161.4k | $14.99 |
10,770 SF · lease $21.60/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.31M
$2.02M – $2.69M
NOI $161,388 @ 7.0% cap · market cap 6.46%
Second Best
Healthcare Medical
$2.24M
$1.96M – $2.61M
NOI $156,678 @ 7.0% cap · market cap 6.27%
Theoretical Best
Office A
$3.18M
$2.78M – $3.70M
NOI $222,293 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
BB&T Insurance Services
Insurance Agency
Kid City USA ...
Daycare Center
Truist
Financial Advisor
BB&T ATM
Atm
BB&T Mortgage
Loan Service
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Modern office building with over a dozen private offices, reception, meeting area, and 50+ parking spaces.
Where is this office building located?
The property is located at 1899 S Clyde Morris Blvd Daytona Beach, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 1994‑built modern professional office building with concrete block construction; More than a dozen private offices plus reception and an open meeting area; Lit corner location with 50+ parking spaces and former drive‑thru
