Office Condo with Private
For Sale
$139,900
555 W Granada Blvd G-12 Ormond, Ormond Beach, FL 32174
Second-floor corner unit with three private offices for sale.
Property Size780 SF
Days on Market152
Property Features for 555 W Granada Blvd G-12 Ormond
General Information
Standard status
Active
Size
780 SF
Class
B
Property subtype
Multi Tenant Office
Building Details
Building Size
780 SF
Year Built
1987
Listing Agency:
SVN | Alliance Commercial Real Estate Advisors
Listed By:
Carl Lentz · License #3068067
(386) 310-7900
Source:
Thebrokerlist
Added: May 18
Changed: Oct 11
Last Checked: Oct 16 at 5:44AM
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
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Investment Insights
Based on property information with market context.
Located in the Boulevards Office Condos, Unit G-12 is a second-floor corner unit featuring three private offices, one bathroom, and a utility/storage closet. The unit is accessible via a common area entry with a stairwell. Furniture can remain or be removed. The condo fee is $376 per month, covering insurance, landscaping, parking lot common areas (stairs), water, sewer, and trash. The estimated monthly electric bill is approximately $100. The property is located on the north side of West Granada Boulevard in the Boulevards Condo Complex, situated between US1 and Nova.
Key Highlights
- Corner unit with 3 private offices
- Condo fee covers insurance, landscaping, parking lot maintenance, water, sewer, and trash
- Convenient location on W Granada between US1 and Nova
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,688
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$233,760
$233.8K
Cap Rate 7%
$166,971
$167.0K
Cap Rate 9%
$129,867
$129.9K
Market Conditions
NOI Build-Up for 780 SF
Gross rent
$16.8K $21.60/SF
− Vacancy
−$1.3K −$1.62/SF
EGI
$15.6K $19.98/SF
− OpEx
−$3.9K −$5.00/SF
NOI
$11.7K $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%
$233,760
Cap Rate 7%
$166,971
Cap Rate 9%
$129,867
Alternative Uses
Best Use
Office B
$167.0K
$146.1K – $194.8K
NOI $11,688 @ 7.0% cap · market cap 8.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$230.0K
$201.2K – $268.3K
NOI $16,099 @ 7.0% cap · market cap 11.51%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
812
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
Check the figures for this property
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 units - Second-floor corner unit with three private offices for sale.
Where is this office units located?
The property is located at 555 W Granada Blvd G-12 Ormond Ormond Beach, FL.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: Corner unit with 3 private offices; Condo fee covers insurance, landscaping, parking lot maintenance, water, sewer, and trash; Convenient location on W Granada between US1 and Nova
