Remodeled Professional Office
For Sale
$139,000
555 W Granada Boulevard Unit B7, Ormond Beach, FL 32174
Remodeled upper-level suite with three private rooms, suited for professional, wellness, medical, or consulting uses.
Property Size784 SF
Price / SF$177.30
Days on Market78
Property Features for 555 W Granada Boulevard Unit B7
General Information
Standard status
Active
Size
784 SF
Property subtype
Office
Building Details
Year Built
1988
Listing Agency:
NEXTIER
(386) 846-9150
Listed By:
Ursula Merrifield
Source:
Xome
Added: May 16
Changed: Jul 10
Last Checked: Aug 1 at 3:02AM
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 NEXTIER
Investment Insights
Based on property information with market context.
This remodeled 784-square-foot professional office suite is located on the upper level and features a flexible, functional interior. The space includes three private offices/rooms, supporting a range of work styles from executive office use to treatment, meeting, and collaboration configurations. Modern finishes and an updated interior create a comfortable environment for both clients and staff.
The suite is positioned on Granada Boulevard in Ormond Beach, in a professional corridor with convenient access to nearby shops, restaurants, and major thoroughfares. The location is described as offering strong visibility along the boulevard, supporting everyday client traffic and convenient business access.
With its private-room layout and updated finishes, this property can fit a variety of professional and client-facing operators, including medical, wellness, consulting, boutique, and creative businesses. It is well suited for an owner-user seeking a polished office presence, or for an investor looking for a flexible commercial office asset with an adaptable floor plan.
The suite is positioned on Granada Boulevard in Ormond Beach, in a professional corridor with convenient access to nearby shops, restaurants, and major thoroughfares. The location is described as offering strong visibility along the boulevard, supporting everyday client traffic and convenient business access.
With its private-room layout and updated finishes, this property can fit a variety of professional and client-facing operators, including medical, wellness, consulting, boutique, and creative businesses. It is well suited for an owner-user seeking a polished office presence, or for an investor looking for a flexible commercial office asset with an adaptable floor plan.
Key Highlights
- Remodeled 784 SF upper‑level professional office suite
- Flexible layout with three private offices/rooms
- Central air cooling and heating
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
Healthcare Medical
$162.9K
$142.6K – $190.1K
NOI $11,405 @ 7.0% cap · market cap 8.21%
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
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 - Remodeled upper-level suite with three private rooms, suited for professional, wellness, medical, or consulting uses.
Where is this office units located?
The property is located at 555 W Granada Boulevard Unit B7 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: Remodeled 784 SF upper‑level professional office suite; Flexible layout with three private offices/rooms; Central air cooling and heating
