Two-Story Medical Office
614 N Peninsula Dr Daytona Beach, FL 32118
For Sale
Contact for pricing
Two-story medical office with five exam rooms on the first floor and private office and conference space upstairs.
Property Size5,831 SF
Price / SF$180.07
Days on Market955
Property Features for 614 N Peninsula Dr
General Information
Standard status
Active
Size
5,831 SF
Property subtype
OFFICE
Listing Agency:
SVN | Alliance Commercial Real Estate Advisors
(386) 566-3726
Listed By:
Carl W. Lentz IV · License #3068067
(386) 566-3726
Source:
Moodyscre
Added: Dec 18, 2023
Changed: Jul 26
Last Checked: Jul 26 at 12:19PM
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 SVN | Alliance Commercial Real Estate Advisors
Investment Insights
Based on property information with market context.
This two-story medical office features a first-floor layout designed for patient care, including five exam rooms, a therapy room, waiting/reception area, records room, staff lounge, manager’s office, and an x-ray area. The second floor is accessible via elevator and includes three private offices, a conference room, a lounge, and a full bathroom. Exterior amenities include a covered drop-off area and a separate stairwell, with parking available for approximately 25 vehicles.
The property is located just north of Seabreeze Boulevard on the east side of Peninsula. It is described as updated interior space, including a large operable fish tank in the waiting area. The building is offered as turn-key for medical use or for conversion to other office or retail uses under BR-1, Business Retail zoning in the City of Daytona Beach.
The property is located just north of Seabreeze Boulevard on the east side of Peninsula. It is described as updated interior space, including a large operable fish tank in the waiting area. The building is offered as turn-key for medical use or for conversion to other office or retail uses under BR-1, Business Retail zoning in the City of Daytona Beach.
Key Highlights
- Two‑story medical office: 5 exam rooms on the first floor plus therapy room, waiting/reception, records room, and staff lounge
- Second floor accessible by elevator with 3 private offices, conference room, lounge, and a full bathroom
- Ample on‑site parking for 25 spaces, with covered drop‑off area and separate stairwell
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 | $125.9k | $21.60 |
| − Vacancy | −$9.4k | −$1.62 |
| EGI | $116.5k | $19.98 |
| − OpEx | −$29.1k | −$5.00 |
| NOI | $87.4k | $14.99 |
5,831 SF · lease $21.60/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.25M
$1.09M – $1.46M
NOI $87,378 @ 7.0% cap · market cap 8.32%
Second Best
Healthcare Medical
$1.21M
$1.06M – $1.41M
NOI $84,827 @ 7.0% cap · market cap 8.08%
Theoretical Best
Office A
$1.72M
$1.50M – $2.01M
NOI $120,352 @ 7.0% cap · market cap 11.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Rawls Veterinary Hospital — 127 Mason Ave, Daytona Beach, FL 32117
- Long Susan DVM — 127 Mason Ave, Daytona Beach, FL 32117
- Rawls Jr Benjamin H DVM — 127 Mason Ave, Daytona Beach, FL 32117
Frequently Asked Questions
What type of property is this?
Medical Office Space - Two-story medical office with five exam rooms on the first floor and private office and conference space upstairs.
Where is this medical office space located?
The property is located at 614 N Peninsula Dr Daytona Beach, FL.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Two‑story medical office: 5 exam rooms on the first floor plus therapy room, waiting/reception, records room, and staff lounge; Second floor accessible by elevator with 3 private offices, conference room, lounge, and a full bathroom; Ample on‑site parking for 25 spaces, with covered drop‑off area and separate stairwell
