Veterinary Hospital With Corporate
750 S Nova Rd Ormond Beach, FL 32174
750 S Nova Rd, Ormond Beach, FL, 32174
$1,748,571
For Sale
$1,748,571
Full-service veterinary hospital with direct street frontage and a corporate guaranty under the current lease structure.
Property Size3,400 SF
Price / SF$514.29
Days on Market19
Property Features for 750 S Nova Rd
General Information
- Standard status
- Active
- Size
- 3,400 SF
- Property subtype
- Commercial
Listing agency
MREIS AR Real Estate
(424) 277-6755
Listed by
Cameron Davodi · License #02237200 (CA)
(424) 277-6755
Source
Matthews
Added: Jul 3 Updated: Jul 21 at 6:28AM Checked: Jul 21 at 6:28AM
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 MREIS AR Real Estate
Investment Insights
Based on property information with market context.
This full-service veterinary hospital offers a comprehensive range of care, including wellness examinations, vaccinations, surgery, spay and neuter, microchipping, laser therapy, dentistry, endoscopy, digital X-rays, ultrasound, and glaucoma testing. The property is approximately 3,400 SF and includes significant improvements completed in 2023, including a redesigned reception area, updated bathrooms, new flooring and paint, and electrical and plumbing upgrades. Capital work also included a fully repaved parking lot and new signage.
The facility is positioned directly off S Nova Rd with direct street frontage along a high-traffic corridor, with the remarks citing more than 34,000 vehicles per day.
The current lease includes just under 9 years remaining, with one (1) five (5) year option to extend and 2% annual rental increases. The lease is supported by a corporate guaranty from Mission Pet Health.
The facility is positioned directly off S Nova Rd with direct street frontage along a high-traffic corridor, with the remarks citing more than 34,000 vehicles per day.
The current lease includes just under 9 years remaining, with one (1) five (5) year option to extend and 2% annual rental increases. The lease is supported by a corporate guaranty from Mission Pet Health.
Key Highlights
- ±3,400 SF full‑service veterinary hospital with direct street frontage directly off S Nova Rd
- Practice services include wellness exams, vaccinations, surgery (spay/neuter), microchipping, laser therapy, dentistry, endoscopy, digital X‑rays, ultrasound, and glaucoma testing
- Lease has just under 9 years remaining plus a 1 (five‑year) option to extend
Local Financial Insights For Healthcare Medical
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 | $91.8k | $27.00 |
| − Vacancy | −$9.4k | −$2.75 |
| EGI | $82.4k | $24.25 |
| − OpEx | −$33.0k | −$9.70 |
| NOI | $49.5k | $14.55 |
3,400 SF · lease $27.00/SF/yr · vacancy 10.20% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$706.6K
$618.3K – $824.4K
NOI $49,462 @ 7.0% cap · market cap 2.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.00M
$877.2K – $1.17M
NOI $70,176 @ 7.0% cap · market cap 4.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Tomoka Pines Veterinary ...
Veterinary Clinic
Similar For Sale Nearby
FAQs
What type of property is this?
Medical center - Full-service veterinary hospital with direct street frontage and a corporate guaranty under the current lease structure.
Where is this medical center located?
The property is located at 750 S Nova Rd Ormond Beach, FL.
What is the asking price?
The asking price for this property is $1,748,571.
What are key features of this property?
This property features: ±3,400 SF full‑service veterinary hospital with direct street frontage directly off S Nova Rd; Practice services include wellness exams, vaccinations, surgery (spay/neuter), microchipping, laser therapy, dentistry, endoscopy, digital X‑rays, ultrasound, and glaucoma testing; Lease has just under 9 years remaining plus a 1 (five‑year) option to extend
