Leased Office Condo
For Sale
$2,500,000
725 W Granada Boulevard, Ormond Beach, FL 32174
Three healthcare-focused office units are fully leased along Ormond Beach’s commercial corridor.
Property Size9,180 SF
Days on Market156
Property Features for 725 W Granada Boulevard
General Information
Standard status
Active
Size
9,180 SF
Class
B
Property subtype
Office Condos
Building Details
Building Size
9,180 SF
Year Built
2006
Listing Agency:
SVN | Alliance Commercial Real Estate Advisors
Listed By:
John W. Trost, CCIM · License #FL #BK-0160420
(386) 295-5723
Source:
Svn
Added: May 14
Changed: Oct 1
Last Checked: Oct 14 at 9:17PM
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
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Investment Insights
Based on property information with market context.
This offering includes three office condominium units presented together as a portfolio. All three units are fully leased, with the occupancy described as healthcare-focused. The property was built in 2006.
The portfolio is located at 725 W. Granada Boulevard in Ormond Beach, Florida, along a heavily commercial section of the corridor. The reported capitalization rate is 7%, providing a defined metric for evaluating the leased office asset.
The portfolio is located at 725 W. Granada Boulevard in Ormond Beach, Florida, along a heavily commercial section of the corridor. The reported capitalization rate is 7%, providing a defined metric for evaluating the leased office asset.
Key Highlights
- Three office condominium units offered as one portfolio
- All units are fully leased
- Healthcare‑focused occupancy profile
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$137,562
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,751,240
$2.8M
Cap Rate 7%
$1,965,171
$2.0M
Cap Rate 9%
$1,528,467
$1.5M
Market Conditions
NOI Build-Up for 9,180 SF
Gross rent
$198.3K $21.60/SF
− Vacancy
−$14.9K −$1.62/SF
EGI
$183.4K $19.98/SF
− OpEx
−$45.9K −$5.00/SF
NOI
$137.6K $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%
$2,751,240
Cap Rate 7%
$1,965,171
Cap Rate 9%
$1,528,467
Alternative Uses
Best Use
Office B
$1.97M
$1.72M – $2.29M
NOI $137,562 @ 7.0% cap · market cap 5.50%
Second Best
Healthcare Medical
$1.91M
$1.67M – $2.23M
NOI $133,547 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$2.71M
$2.37M – $3.16M
NOI $189,475 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,310
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 - Three healthcare-focused office units are fully leased along Ormond Beach’s commercial corridor.
Where is this office units located?
The property is located at 725 W Granada Boulevard Ormond Beach, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Three office condominium units offered as one portfolio; All units are fully leased; Healthcare‑focused occupancy profile
