Renovated Second-Floor Office
555 W Granada Boulevard, Ormond Beach, FL 32174
For Sale
$129,000
Commercial Sale, Ormond Beach, FL
Property Size714 SF
Lot Size1.00 Acre
Price / SF$180.67
Days on Market54
Property Features for 555 W Granada Boulevard
General Information
Property type
Property subtype
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
HOA Fee
Legal Description
Amenities
built-in ceiling speakers
pre-wired wall mount for TV/monitor
Listing Agency:
Realty Pros Commercial
(386) 253-8565
Listed By:
Kayla Williams · License #3506971
(386) 338-1330
Added: Sep 15
Changed: Oct 16
Last Checked: Nov 7 at 9:06AM
MLS# 1230829
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.
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Investment Insights
Based on property information with market context.
This 714-square-foot office suite occupies the second floor at 555 W Granada Boulevard in Ormond Beach. The renovated interior uses an open layout with a bright finish palette and tile flooring throughout, creating a clean, functional workspace. A conference table is included, and the suite is pre-wired for a wall-mounted TV or monitor.
Building improvements include a new roof completed in June 2025 and a high-efficiency HVAC system that is less than three years old. Built-in ceiling speakers add integrated audio capability, while the suite’s location on W Granada Boulevard places the office within Ormond Beach’s commercial corridor.
Building improvements include a new roof completed in June 2025 and a high-efficiency HVAC system that is less than three years old. Built-in ceiling speakers add integrated audio capability, while the suite’s location on W Granada Boulevard places the office within Ormond Beach’s commercial corridor.
Key Highlights
- 714 SF second‑floor office suite
- Open‑concept layout with tile flooring throughout
- New roof completed in June 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,699
Cap Rate
8.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$213,980
$214.0K
Cap Rate 7%
$152,843
$152.8K
Cap Rate 9%
$118,878
$118.9K
Market Conditions
NOI Build-Up for 714 SF
Gross rent
$15.4K $21.60/SF
− Vacancy
−$1.2K −$1.62/SF
EGI
$14.3K $19.98/SF
− OpEx
−$3.6K −$5.00/SF
NOI
$10.7K $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%
$213,980
Cap Rate 7%
$152,843
Cap Rate 9%
$118,878
Alternative Uses
Best Use
Office B
$152.8K
$133.7K – $178.3K
NOI $10,699 @ 7.0% cap · market cap 8.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$210.5K
$184.2K – $245.6K
NOI $14,737 @ 7.0% cap · market cap 11.42%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
1,171
Businesses Nearby
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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
$315,100
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Ormond Beach, FL
Properties on Market for Office Units in Ormond Beach
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Open-concept workspace includes tile flooring and built-in ceiling speakers.
Where is this office unit 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 $129,000.
What are key features of this property?
This property features: 714 SF second‑floor office suite; Open‑concept layout with tile flooring throughout; New roof completed in June 2025
