Freestanding Professional
New
For Sale
$199,000
246 Willow Pl, Ormond Beach, FL 32174
Two private offices, a central multipurpose area, two restrooms, and a kitchen support a flexible workplace layout.
Property Size896 SF
Price / SF$222.10
Days on Market2
Property Features for 246 Willow Pl
General Information
Standard status
Active
Size
896 SF
Class
A
Property subtype
Office - General Office
Additional Details
Office Units
1
Building Details
Building Size
896 SF
Year Built
1959
Year Renovated
2026
Buildings
1
Units
1
Listing Agency:
Realty Pros Commercial
Listed By:
Beau Warren · License #SL3207370
(386) 589-5754
Source:
Commercialcafe
Added: Oct 19
Last Checked: Oct 20 at 5:43PM
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 Realty Pros Commercial
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Investment Insights
Based on property information with market context.
This freestanding professional office at 246 Willow Pl in Ormond Beach contains 896 square feet. Its interior includes two private offices and a central area suited to reception, client seating, meetings, or shared work. Two full restrooms and a kitchen round out the layout.
Improvements include a new roof, paver driveway, luxury vinyl flooring, refreshed kitchen and bathrooms, updated lighting, and new interior finishes. The property was built in 1959 and is near Yonge St and Granada Blvd.
Improvements include a new roof, paver driveway, luxury vinyl flooring, refreshed kitchen and bathrooms, updated lighting, and new interior finishes. The property was built in 1959 and is near Yonge St and Granada Blvd.
Key Highlights
- 896 SF freestanding office building
- Two private offices and a central multipurpose area
- Two full restrooms and a kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,427
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,540
$268.5K
Cap Rate 7%
$191,814
$191.8K
Cap Rate 9%
$149,189
$149.2K
Market Conditions
NOI Build-Up for 896 SF
Gross rent
$19.4K $21.60/SF
− Vacancy
−$1.5K −$1.62/SF
EGI
$17.9K $19.98/SF
− OpEx
−$4.5K −$5.00/SF
NOI
$13.4K $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%
$268,540
Cap Rate 7%
$191,814
Cap Rate 9%
$149,189
Alternative Uses
Best Use
Office B
$191.8K
$167.8K – $223.8K
NOI $13,427 @ 7.0% cap · market cap 6.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$264.2K
$231.2K – $308.2K
NOI $18,493 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
1,151
Businesses Nearby
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Two private offices, a central multipurpose area, two restrooms, and a kitchen support a flexible workplace layout.
Where is this office building located?
The property is located at 246 Willow Pl Ormond Beach, FL.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 896 SF freestanding office building; Two private offices and a central multipurpose area; Two full restrooms and a kitchen
