Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers

    198 Vining Court Ormond Beach, FL 32176

    View on Map
    Claim this Listing
    New
    For Lease
    $2,968/Mo $12 SF/Yr (calc)

    COMMERCIAL - Ormond Beach, FL

    Type:Office
    Property size:
    2,968 SF
    Lot size:
    0.03 Acres
    Added:
    May 5, 2026
    Days on Market:
    1
    Last Refresh:
    May 5 at 11:06 pm

    Property Features for 198 Vining Court

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Bathrooms
    4
    Rooms
    Bathroom 2, Bathroom 1, Bathroom 6, Bathroom 5, Bathroom 4, Bathroom 3
    Parking features
    Parking Lot, Off Street
    Standard status
    Active
    APN
    4214-32-00-0050
    Size
    2,968 SF
    Lot size
    0.03 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Description
    UNIT 5 MEDICAL ARTS BUILDING CONDO PER OR 4343 PG 0604 PER OR 6783 PG 3100 PER OR 7492 PGS 3386-3387 PER OR 7986 PG 1295
    Tax Annual Amount
    2596

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1966
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Laminate, Tile
    Building materials
    Block
    Roof type
    Tar/Gravel

    We can help!

    Listing Contact
    Greg Antonich

    Listing agent Greg Antonich License #0356858

    Listing office RE/MAX Signature 1134 W Granada Blvd, Daytona Beach Shores, FL

    Listing date May 5, 2026

    MLS# 1226056

    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.

    Overview

    Ormond Beach Office/Medical Space

    Available for lease is office or medical space located on the beachside in Ormond Beach. The property, previously occupied by a physical rehabilitation facility, consists of two units, each measuring 1,484 square feet, currently combined to offer a total of 2,968 square feet. The space can be subdivided into individual units. Each unit features separate reception areas, multiple offices, restrooms, lab-type rooms, and open areas. The landlord is open to considering tenant improvements, depending on the lease terms. The space is scheduled to be available on July 16, 2026, unless alternative arrangements are made. The property is situated in the Ormond Beachside area, joining other established businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cypress Point Oral ... Dental Office Dr. Sameer Hate' Dental Office Peace of Mind - Beachside ... Physician Melissa M Orange ... Physician

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Ormond Beach Family Vet — 226 Vining Ct, Ormond Beach, FL 32176
    • Right At Home Veterinary Services — Ormond Beach, FL 32174

    Location Insight

    • Map
    • Local Demand
    City
    Ormond Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.040723
    Latitude
    29.289768

    Nearby Similar for Lease

    • $3,531/Mo

      Ormond Beach Commercial Space Available

      2260 SF commercial space with outside storage and ample parking.
      720 S Nova Road, Ormond Beach, FL 32174
      View Details
    • $3,900/Mo

      Ormond Beach Office Space For Rent

      Versatile office space with US-1 frontage in Ormond Beach.
      1451 N Us Highway 1, Ormond Beach, FL 32174
      View Details
    • $6,681/Mo

      Ormond Beach Professional Office Suite

      Turn-key office/medical space in a tranquil park setting.
      265 Clyde Morris Boulevard, Ormond Beach, FL 32174
      View Details
    • $2,900/Mo

      Ormond Beach Office Space Available

      Beachside office space with unique vault feature for lease.
      1010 Ocean Shore Boulevard, Ormond Beach, FL 32176
      View Details
    • $800/Mo

      Professional Office Space For Lease

      Private office spaces for lease in Ormond Beach, Florida.
      1400 Hand Avenue, Ormond Beach, FL 32174
      View Details
    • $2,548/Mo

      Ormond Beach Medical/Professional Offices

      Medical/professional offices in prime Ormond Beach location available for rent.
      1182 Ocean Shore Boulevard, Ormond Beach, FL 32176
      View Details
    • $2,329/Mo

      Ormond Beach Medical/Professional Offices

      Medical/professional offices in prime Ormond Beach location.
      1184 Ocean Shore Boulevard, Ormond Beach, FL 32176
      View Details
    • $2,647/Mo

      Ormond Beach Medical/Professional Offices

      Medical/professional offices in prime Ormond Beach location for rent.
      1182 Ocean Shore Boulevard, Ormond Beach, FL 32176
      View Details
    • $1,300/Mo

      Office Space in Ormond Beach

      First-floor office space available in Ormond Beach, FL.
      120 E Granada Boulevard, Ormond Beach, FL 32176
      View Details
    • $2,187/Mo

      Beachside Retail/Office Space Available

      Versatile 1,232 SF suite in Ormond Beach, Florida.
      1452 Ocean Shore Boulevard unit: 1466, Ormond Beach, FL 32176
      View Details
    • $3,601/Mo

      Ormond Beach Medical Office Space

      Medical office space available in central Ormond Beach location.
      570 Memorial Circle unit: 200, Ormond Beach, FL 32174
      View Details
    • $40,013 SF/Yr

      Ormond Beach Industrial/Manufacturing Space

      46,845 SF industrial space in Ormond Beach, available now.
      2 Sunshine Boulevard, Ormond Beach, FL 32174
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Beachside office/medical space available for lease in Ormond Beach.
    Where is this medical office space located?
    The property is located at 198 Vining Court Ormond Beach, FL.
    What is the lease rate?
    The lease rate is $2,968 /Mo.
    What are key features of this property?
    This property features: Prime beachside location in Ormond Beach; Suitable for office or medical use; Flexible space: 2,968 sq/ft, divisible into two 1,484 sq/ft units
    (386) 679-0443
    We can help!
    Listing Contact
    Greg Antonich
    Real Estate License ID: 0356858
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    198 Vining Court, Ormond Beach, FL 32176
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!