Second-Floor Office
New
For Sale
$129,000
555 W Granada Boulevard E7, Ormond Beach, FL 32174
An open-plan workspace includes tile flooring, conference furnishings, and built-in ceiling speakers.
Property Size714 SF
Price / SF$180.67
Days on Market2
Property Features for 555 W Granada Boulevard E7
General Information
Standard status
Active
Size
714 SF
Class
B
Property subtype
Office - General Office
Space & Availability
Floor
2
Furnished
Yes
Amenities
built-in ceiling speakers
pre-wired wall mount for TV/monitor
Building Details
Building Size
714 SF
Listing Agency:
Realty Pros Commercial
Listed By:
Kayla Williams · License #3506971
(386) 338-1330
Source:
Commercialcafe
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:18AM
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 Realty Pros Commercial
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This renovated second-floor office suite in The Boulevard Executive Park offers 714 square feet of open-plan space with tile flooring. Improvements include a roof installed in June 2025 and an HVAC system less than 3 years old. Built-in ceiling speakers, pre-wiring for a wall-mounted TV or monitor, and a conference table are also included.
The property is located along Granada Boulevard in Ormond Beach, Florida.
The property is located along Granada Boulevard in Ormond Beach, Florida.
Key Highlights
- 714 SF second‑floor office suite
- Renovated open‑plan layout with tile flooring
- Roof installed 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.
How Realmo checks its estimates
Property Analytics
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
Frequently Asked Questions
What type of property is this?
Office units - An open-plan workspace includes tile flooring, conference furnishings, and built-in ceiling speakers.
Where is this office units located?
The property is located at 555 W Granada Boulevard E7 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; Renovated open‑plan layout with tile flooring; Roof installed in June 2025
