Multi-Tenant Medical Office
For Sale
Contact for pricing
870 Dunlawton Avenue, Port Orange, FL 32127
Three-story medical facility with elevator access, controlled entry, wheelchair accessibility, and substantial on-site parking.
Property Size21,418 SF
Price / SF$350.17
Days on Market8
Property Features for 870 Dunlawton Avenue
General Information
Standard status
Active
Size
21,418 SF
Class
B
Total Parking Spaces
95
Property subtype
Retail, Office, Business for Sale
Zoning
PCD - Planned Commercial Development
Building Details
Year Built
2009
Buildings
1
Units
7
Listing Agency:
Coldwell Banker Coast Realty
(386) 341-4817
Listed By:
Adelina Pires · License #SL3641201
Source:
Crexi
Added: Aug 4
Changed: Aug 10
Last Checked: Aug 10 at 8:22AM
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 Coldwell Banker Coast Realty
Investment Insights
Based on property information with market context.
Built in 2009, this three-story medical office property contains 21,418 square feet on approximately 1.77 acres. The multi-tenant building is almost 100% occupied and configured for medical practices, with elevator service, wheelchair accessibility, controlled access, and approximately 95 parking spaces. Occupying tenants represent specialties including orthopedic surgery, urology, gastroenterology, oral surgery, prosthodontics, internal medicine, anti-aging medicine, and physical therapy.
The property fronts Dunlawton Avenue in Port Orange and includes a prominent monument sign for tenant identification. Interstate 95 is readily accessible, connecting the site with the greater Daytona Beach market. Zoning is PCD - Planned Commercial Development.
The property fronts Dunlawton Avenue in Port Orange and includes a prominent monument sign for tenant identification. Interstate 95 is readily accessible, connecting the site with the greater Daytona Beach market. Zoning is PCD - Planned Commercial Development.
Key Highlights
- 21,418‑square‑foot medical office building completed in 2009
- Almost 100% occupied multi‑tenant medical property
- Situated on approximately 1.77 acres with approximately 95 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$320,949
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,418,980
$6.4M
Cap Rate 7%
$4,584,986
$4.6M
Cap Rate 9%
$3,566,100
$3.6M
Market Conditions
NOI Build-Up for 21,418 SF
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.
Gross rent
$462.6K $21.60/SF
− Vacancy
−$34.7K −$1.62/SF
EGI
$427.9K $19.98/SF
− OpEx
−$107.0K −$5.00/SF
NOI
$320.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,418,980
Cap Rate 7%
$4,584,986
Cap Rate 9%
$3,566,100
Alternative Uses
Best Use
Office B
$4.58M
$4.01M – $5.35M
NOI $320,949 @ 7.0% cap · market cap 4.28%
Second Best
Healthcare Medical
$4.45M
$3.89M – $5.19M
NOI $311,580 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$6.32M
$5.53M – $7.37M
NOI $442,068 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,192
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32127, FL
29,999
Population
15,898
Households
1.9
Avg Household Size
53
Median Age
30%
College-Educated
94%
High-School Grad
14.9 sq mi
ZIP Area
2,013
Density / Sq Mi
$65,260
Median Household Income
$39,196
Median Earnings
$1,324
Median Rent
$301,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Three-story medical facility with elevator access, controlled entry, wheelchair accessibility, and substantial on-site parking.
Where is this medical office space located?
The property is located at 870 Dunlawton Avenue Port Orange, FL.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: 21,418‑square‑foot medical office building completed in 2009; Almost 100% occupied multi‑tenant medical property; Situated on approximately 1.77 acres with approximately 95 parking spaces
