Remodeled Office
For Sale
$139,000
555 W Granada Boulevard B7, Ormond Beach, FL 32174
Upper-level suite with multiple private rooms and an updated professional interior.
Property Size784 SF
Price / SF$177.30
Days on Market87
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Property Features for 555 W Granada Boulevard B7
General Information
Standard status
Active
Size
784 SF
Additional Details
Floor
upper-level
Building Details
Year Built
1988
Listing Agency:
NEXTIER
Listed By:
Ursula Merrifield
(386) 846-9150
Source:
Livewelltampabay
Added: Jul 21
Changed: Oct 13
Last Checked: Oct 7 at 3:57PM
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 784-square-foot upper-level office unit was remodeled with contemporary finishes and includes three private offices or rooms. The layout can accommodate executive work areas, meeting rooms, treatment rooms, or collaborative use, subject to applicable requirements. Its professional presentation supports a range of office-based configurations while providing a comfortable setting for clients and staff.
The suite is located at 555 W Granada Boulevard in Ormond Beach, within a corridor offering access to nearby shops, restaurants, and major thoroughfares. The building dates to 1988, while the suite’s updated interior provides a more current work environment for an owner-user or commercial investor.
The suite is located at 555 W Granada Boulevard in Ormond Beach, within a corridor offering access to nearby shops, restaurants, and major thoroughfares. The building dates to 1988, while the suite’s updated interior provides a more current work environment for an owner-user or commercial investor.
Key Highlights
- 784 SF upper‑level office unit
- Three private offices or rooms
- Remodeled interior with modern finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,748
Cap Rate
8.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$234,960
$235.0K
Cap Rate 7%
$167,829
$167.8K
Cap Rate 9%
$130,533
$130.5K
Market Conditions
NOI Build-Up for 784 SF
Gross rent
$16.9K $21.60/SF
− Vacancy
−$1.3K −$1.62/SF
EGI
$15.7K $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%
$234,960
Cap Rate 7%
$167,829
Cap Rate 9%
$130,533
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.
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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
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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 - Upper-level suite with multiple private rooms and an updated professional interior.
Where is this office units located?
The property is located at 555 W Granada Boulevard 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: 784 SF upper‑level office unit; Three private offices or rooms; Remodeled interior with modern finishes
