Multi-Level Office Building with
New
For Sale
$4,900,000
801 W GRANADA BLVD #301, Ormond Beach, FL 32174
Office interiors include private and executive rooms, conference space, reception, administrative areas, and open work areas.
Property Size29,395 SF
Lot Size0.90 Acres
Price / SF$166.70
Days on Market2
Property Features for 801 W GRANADA BLVD #301
General Information
Standard status
Active
Size
29,395 SF
Total Parking Spaces
59
Elevators
Yes
Lot size
0.90 Acres
Property subtype
Office
Zoning
B-1/13B1
Additional Details
Highway Access
Yes
Building Details
Year Built
1980
Buildings
1
Building Size
29,395 SF
Tenancy
Multi
Listing Agency:
RE/MAX SIGNATURE
(386) 236-0760
Listed By:
Mike Fiscina, PA · License #3054004
Source:
Dennisrealty
Added: Oct 6
Changed: Oct 7
Last Checked: Oct 7 at 10:06AM
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 RE/MAX SIGNATURE
Investment Insights
Based on property information with market context.
This multi-level professional office property at 801 W. Granada Boulevard contains 29,395 SF of total building area and 16,406 SF of net leasable area on approximately 0.90 acres. Its layout includes private and executive offices, conference rooms, reception, administrative and open work areas, 10 restrooms, and elevator service. Approximately 59 shared parking spaces are available, including covered parking. The property has received substantial investment and improvements and is zoned B-1/13B1.
Positioned along the SR 40 commercial corridor in Ormond Beach, the property offers access to I-95, US-1, beachside Ormond Beach, and the greater Daytona Beach market. Hamlin & Associates is an established anchor tenant. Tours are by appointment; owners and occupants should not be disturbed.
Positioned along the SR 40 commercial corridor in Ormond Beach, the property offers access to I-95, US-1, beachside Ormond Beach, and the greater Daytona Beach market. Hamlin & Associates is an established anchor tenant. Tours are by appointment; owners and occupants should not be disturbed.
Key Highlights
- 29,395 SF of total building area, including 16,406 SF of net leasable area
- Approximately 0.90 acres along the SR 40 commercial corridor in Ormond Beach
- Approximately 59 shared parking spaces, with covered parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$440,484
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,809,680
$8.8M
Cap Rate 7%
$6,292,629
$6.3M
Cap Rate 9%
$4,894,267
$4.9M
Market Conditions
NOI Build-Up for 29,395 SF
Gross rent
$634.9K $21.60/SF
− Vacancy
−$47.6K −$1.62/SF
EGI
$587.3K $19.98/SF
− OpEx
−$146.8K −$5.00/SF
NOI
$440.5K $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%
$8,809,680
Cap Rate 7%
$6,292,629
Cap Rate 9%
$4,894,267
Alternative Uses
Best Use
Office B
$6.29M
$5.51M – $7.34M
NOI $440,484 @ 7.0% cap · market cap 8.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.67M
$7.58M – $10.11M
NOI $606,713 @ 7.0% cap · market cap 12.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,048
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
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Frequently Asked Questions
What type of property is this?
Office building - Office interiors include private and executive rooms, conference space, reception, administrative areas, and open work areas.
Where is this office building located?
The property is located at 801 W GRANADA BLVD #301 Ormond Beach, FL.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: 29,395 SF of total building area, including 16,406 SF of net leasable area; Approximately 0.90 acres along the SR 40 commercial corridor in Ormond Beach; Approximately 59 shared parking spaces, with covered parking
