Executive Office Condo with Three
For Sale
$139,000
555 W Granada Boulevard, Ormond Beach, FL 32174
COMMERCIAL - Ormond Beach, FL
Property Size784 SF
Lot Size0.01 Acres
Price / SF$177.30
Days on Market99
Property Features for 555 W Granada Boulevard
General Information
Property type
Commercial Sale
Property subtype
Office
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking features
Assigned, Parking Lot
Lot features
Cleared, Dead End Street
Directions
On the north side of Granada Blvd just west of Orchard.
Subdivision
17 - Ormond Beach Peninsula N of 40
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
HOA Fee
$304 Monthly
Legal 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
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
Listing Agency:
Nextier
(386) 243-5099
Listed By:
Ursula Merrifield
(386) 846-9150
Added: Apr 25
Changed: Aug 1
Last Checked: Aug 1 at 11:06AM
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.
Investment Insights
Based on property information with market context.
This income-producing executive office condo totals approximately 784+/- SF and is configured with three private suites, a reception area, a private restroom, and a kitchenette. Recent updates include new flooring, and entry is controlled by keypad entry. The building features central heating and central cooling, with a heat pump and central air. Parking is provided through an assigned parking arrangement and a shared parking lot.
Two of the suites are currently leased under gross weekly rental agreements, with the owner’s suite available upon closing. The property is located along the Granada Blvd. corridor, with approximately 35,000 AADT, offering strong visibility to drive-by traffic and serving a range of professional services.
An HOA is in place and includes exterior maintenance, roof, water, sewer, trash, landscaping, parking, and building insurance. The condo is zoned for commercial office use, supporting a variety of professional uses including medical, aesthetics, massage therapy, counseling, chiropractic, insurance, legal, and financial services.
Two of the suites are currently leased under gross weekly rental agreements, with the owner’s suite available upon closing. The property is located along the Granada Blvd. corridor, with approximately 35,000 AADT, offering strong visibility to drive-by traffic and serving a range of professional services.
An HOA is in place and includes exterior maintenance, roof, water, sewer, trash, landscaping, parking, and building insurance. The condo is zoned for commercial office use, supporting a variety of professional uses including medical, aesthetics, massage therapy, counseling, chiropractic, insurance, legal, and financial services.
Key Highlights
- Approximately 784+/- SF office condo with three private suites
- Keypad entry, reception area, private restroom, and kitchenette
- Two suites leased under gross weekly rental agreements; owner’s suite available upon closing
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $16.9k | $21.60 |
| − Vacancy | −$1.3k | −$1.62 |
| EGI | $15.7k | $19.98 |
| − OpEx | −$3.9k | −$5.00 |
| NOI | $11.7k | $14.99 |
784 SF · lease $21.60/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$167.8K
$146.9K – $195.8K
NOI $11,748 @ 7.0% cap · market cap 8.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$231.2K
$202.3K – $269.7K
NOI $16,182 @ 7.0% cap · market cap 11.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,171
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Executive office condominium with three private suites, reception area, kitchenette, keypad entry, and central HVAC
Where is this office units 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: Approximately 784+/- SF office condo with three private suites; Keypad entry, reception area, private restroom, and kitchenette; Two suites leased under gross weekly rental agreements; owner’s suite available upon closing
