Boulevards Office Condo
For Sale
$131,900
555 W Granada Blvd G-12, Ormond Beach, FL 32174
Office condo unit available in Ormond Beach, Florida.
Property Size780 SF
Days on Market153
Property Features for 555 W Granada Blvd G-12
General Information
Standard status
Active
Size
780 SF
Class
B
Property subtype
Office
Building Details
Building Size
780 SF
Year Built
1987
Listed By:
Carl W. Lentz IV, MBA, CCIM · License #FL #BK3068067
(386) 566-3726
Source:
Svn
Added: May 17
Changed: Oct 3
Last Checked: Oct 16 at 7:11AM
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 Carl W. Lentz IV, MBA, CCIM
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Investment Insights
Based on property information with market context.
Located in Ormond Beach, Florida, Unit G-12 is part of the Boulevards Office Condos. This commercial real estate is suitable for office use.
Key Highlights
- Unit G‑12
- Boulevards Office Condos
- Year Built: 1987
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,688
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$233,760
$233.8K
Cap Rate 7%
$166,971
$167.0K
Cap Rate 9%
$129,867
$129.9K
Market Conditions
NOI Build-Up for 780 SF
Gross rent
$16.8K $21.60/SF
− Vacancy
−$1.3K −$1.62/SF
EGI
$15.6K $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%
$233,760
Cap Rate 7%
$166,971
Cap Rate 9%
$129,867
Alternative Uses
Best Use
Office B
$167.0K
$146.1K – $194.8K
NOI $11,688 @ 7.0% cap · market cap 8.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$230.0K
$201.2K – $268.3K
NOI $16,099 @ 7.0% cap · market cap 12.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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
Check the figures for this property
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 - Office condo unit available in Ormond Beach, Florida.
Where is this office units located?
The property is located at 555 W Granada Blvd G-12 Ormond Beach, FL.
What is the asking price?
The asking price for this property is $131,900.
What are key features of this property?
This property features: Unit G‑12; Boulevards Office Condos; Year Built: 1987
