Office Suite with Three
For Sale
Contact for pricing
265 Clyde Morris Boulevard #210, Ormond Beach, FL 32174
The 1,685-square-foot layout also includes a reception and meeting area, break room, ADA-compliant restroom, and storage.
Property Size45,407 SF
Lot Size6.60 Acres
Price / SF$0.10
Days on Market24
Property Features for 265 Clyde Morris Boulevard #210
General Information
Standard status
Active
Size
45,407 SF
Lot size
6.60 Acres
Property subtype
Office
Additional Details
Property Use
Medical Office
Building Details
Year Built
1999
Buildings
3
Stories
1
Parking Ratio
6 per 1,000 SF
Listing Agency:
Tri-Square Realty, Inc.
(386) 671-4906
Listed By:
Diane Larsen · License #3324691
(386) 451-1988
Source:
Theanchor
Added: Oct 13
Changed: Nov 4
Last Checked: Nov 4 at 8:54AM
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 Tri-Square Realty, Inc.
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Investment Insights
Based on property information with market context.
Suite 210 offers 1,685 square feet arranged with three offices, a reception and meeting area, a kitchen and break room, an ADA-compliant restroom, and storage. A double-door entry serves the suite. The building dates to 1999.
The property is part of Root Executive Park, a 6.6-acre landscaped office campus with three single-level buildings of 14,000 square feet each. The complex is at Hand Avenue and Clyde Morris Boulevard in Ormond Beach. More than 260 parking spaces serve the campus, with a stated ratio of 6 spaces per 1,000 square feet. Monument and building signage is available.
The property is part of Root Executive Park, a 6.6-acre landscaped office campus with three single-level buildings of 14,000 square feet each. The complex is at Hand Avenue and Clyde Morris Boulevard in Ormond Beach. More than 260 parking spaces serve the campus, with a stated ratio of 6 spaces per 1,000 square feet. Monument and building signage is available.
Key Highlights
- 1,685‑square‑foot suite with three offices
- Reception and meeting area, kitchen/break room, ADA‑compliant restroom, and storage
- More than 260 parking spaces; 6 spaces per 1,000 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$660,563
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,211,260
$13.2M
Cap Rate 7%
$9,436,614
$9.4M
Cap Rate 9%
$7,339,589
$7.3M
Market Conditions
NOI Build-Up for 45,407 SF
Gross rent
$1.23M $27.00/SF
− Vacancy
−$125.1K −$2.75/SF
EGI
$1.10M $24.25/SF
− OpEx
−$440.4K −$9.70/SF
NOI
$660.6K $14.55/SF
Area
Volusia County, FL
Vacancy
10.20%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,211,260
Cap Rate 7%
$9,436,614
Cap Rate 9%
$7,339,589
Alternative Uses
Best Use
Office B
$9.72M
$8.51M – $11.34M
NOI $680,424 @ 7.0% cap · market cap 15,703.30%
Second Best
Healthcare Medical
$9.44M
$8.26M – $11.01M
NOI $660,563 @ 7.0% cap · market cap 15,244.93%
Theoretical Best
Office A
$13.39M
$11.72M – $15.62M
NOI $937,200 @ 7.0% cap · market cap 21,629.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
639
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
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The 1,685-square-foot layout also includes a reception and meeting area, break room, ADA-compliant restroom, and storage.
Where is this office unit located?
The property is located at 265 Clyde Morris Boulevard #210 Ormond Beach, FL.
What are key features of this property?
This property features: 1,685‑square‑foot suite with three offices; Reception and meeting area, kitchen/break room, ADA‑compliant restroom, and storage; More than 260 parking spaces; 6 spaces per 1,000 SF
