Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    555 W Granada Boulevard Ormond Beach, FL 32174

    View on Map
    Claim this Listing
    New
    For Sale
    $139,000

    COMMERCIAL - Ormond Beach, FL

    Type:Office
    Property size:
    784 SF
    Lot size:
    0.01 Acres
    Price / SF:
    $177/SF
    Added:
    Apr 25, 2026
    Days on Market:
    1
    Last Refresh:
    Apr 25 at 9:06 pm

    Property Features for 555 W Granada Boulevard

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Bathrooms
    1
    Rooms
    Bathroom 1
    Parking features
    Assigned, Parking Lot
    Standard status
    Active
    APN
    4241-28-02-0070
    Size
    784 SF
    Lot size
    0.01 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    UNIT 7 BLDG B THE BOULEVARD I CONDO PER OR 3206 PG 0218 PER OR 5089 PG 4270 PER OR 7158 PG 0862 PER OR 7336 PG 3152 PER OR 7617 PGS 4806-4807
    Tax Annual Amount
    1218

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air, Heat Pump
    Water source
    Public

    Building Details

    Year built
    1988
    Number of units
    1
    Flooring type
    Laminate
    Building materials
    Brick Veneer, Frame
    Roof type
    Shingle

    We can help!

    Listing Contact
    Ursula Merrifield

    Listing agent Ursula Merrifield

    Listing office Nextier 4 Sea Swallow Ter., FL

    Listing date Apr 25, 2026

    MLS# 1225680

    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

    Remodeled Spa/Salon Space on Granada

    This is a remodeled 784 SF upper-level spa/salon space located on Granada Boulevard in Ormond Beach, Florida. The layout includes three private treatment rooms, which can be converted into approximately 5+ salon stations. The space is designed with a warm aesthetic. Furniture, fixtures, and equipment are negotiable. The property is suitable for beauty or wellness concepts. The lot size is 0.01 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Florida Snoring & Apnea ... Dental Office Southern Title Title Company Ellen Kaplan Adoptions Adoption Agency Dr. Angela Poole, ... Consultant Drive Group Marketing & Advertising

    Suggested Use

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

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

    Similar Places Nearby

    • Cryo & Infra Shape — 500 w granada blvd unit 2, ormond beach, fl 32174
    • Empower Health — 106 N Old Kings Rd # D, Ormond Beach, FL 32174
    • Rodriguez Michael J DC — 545 W Granada Blvd, Ormond Beach, FL 32174
    • Coast to Coast Wellness and Aesthetics — 175 S Nova Rd STE 3, Ormond Beach, FL 32174
    • Acupuncture & Skin Care Clinic — 725 W Granada Blvd STE 15, Ormond Beach, FL 32174

    Location Insight

    • Map
    • Local Demand
    City
    Ormond Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.07147
    Latitude
    29.280309

    Nearby Similar for Sale

    • $585,000
      2,704 SF

      Ormond Beach Commercial Investment Opportunity

      Fully leased retail/office building with high visibility and traffic.
      325 S Yonge Street, Ormond Beach, FL 32174
      View Details
    • $1,300,000
      5,650 SF

      Ormond Beach Commercial Property For Sale

      Versatile commercial property with high-security features and expansion potential.
      974 S Nova Road, Ormond Beach, FL 32174
      View Details
    • $999,500
      5,139 SF

      Turn-Key Collision Center For Sale

      Equipped collision center with secured industrial compound on 0.68 acres.
      50 S Perrott Drive, Ormond Beach, FL 32174
      View Details
    • $1,699,000
      2,175 SF

      Ormond Beach Medical/Professional Office

      Iconic medical/professional office in central Ormond Beach Boulevard District.
      750 W Granada Boulevard, Ormond Beach, FL 32174
      View Details
    • $1,200,000
      2,000 SF

      Turnkey Restaurant Space Near Beach

      Restaurant space with high visibility and seating for 81.
      188 E Granada Boulevard, Ormond Beach, FL 32176
      View Details
    • $3,800,000
      4,077 SF

      Ormond Beach Commercial Oceanfront Property

      Updated 4,077 SF restaurant on 0.87-acre corner lot.
      790 S Atlantic Avenue, Ormond Beach, FL 32176
      View Details
    • $140,000
      766 SF

      Ormond Beach Commercial Office Space

      First-floor office space in Boulevard Executive Park, Ormond Beach.
      555 W Granada Boulevard, Ormond Beach, FL 32174
      View Details
    • $810,262
      6,725 SF

      Ormond Beach Retail Investment Opportunity

      Well-maintained, fully occupied retail building in Ormond Beach, Florida.
      401 N Us Highway 1, Ormond Beach, FL 32174
      View Details
    • $799,000
      3,436 SF

      Ormond Beach Automotive Commercial Property

      High-traffic corner lot ideal for automotive sales, service, or repair.
      82 N Yonge Street, Ormond Beach, FL 32174
      View Details
    • $375,000
      1,350 SF

      Beachside Duplex in Ormond Beach

      Well-maintained duplex near the beach with income potential.
      7 CYPRESS CIRCLE, ORMOND BEACH, FL 32176
      View Details
    • $399,000
      8,380 SF

      Ormond Beach Bar and Grill

      Established bar and grill in the heart of Ormond Beach.
      N US Highway 1, Ormond Beach, FL 32174
      View Details
    • $650,000
      740 SF

      Ormond Beach Coastal Commercial Property

      Freestanding building with high visibility and income potential.
      1760 Ocean Shore Boulevard, Ormond Beach, FL 32176
      View Details

    FAQs

    What type of property is this?
    Spa & wellness property - 784 SF remodeled spa/salon space in Ormond Beach, FL.
    Where is this spa & wellness property located?
    The property is located at 555 W Granada Boulevard Ormond Beach, FL.
    What is the asking price?
    The asking price for this property is $139,000.
    What are key features of this property?
    This property features: Prime location on highly desirable Granada Boulevard in Ormond Beach.; Remodeled spa/salon space with a warm, inviting aesthetic.; Three private treatment rooms convertible to 5+ salon stations.
    (386) 846-9150
    We can help!
    Listing Contact
    Ursula Merrifield
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!