Medical Office Building with Exam
For Sale
Contact for pricing
905 Beville Road, South Daytona, FL 32119
Existing improvements include waiting areas, examination rooms, multiple bathrooms, and two separate entrances for professional use.
Property Size2,500 SF
Lot Size2.00 Acres
Price / SF$335.08
Days on Market185
Property Features for 905 Beville Road
General Information
Standard status
Active
Size
2,500 SF
Lot size
2.00 Acres
Property subtype
Mixed Use, Office, Special Purpose
Property Condition
Severity
Repairs Needed
Evidence
awaiting renovation to your specifications
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Land Use
medical
Building Details
Year Built
1951
Buildings
1
Building Size
2,500 SF
Listing Agency:
Florida Global International Realty
Listed By:
Clara Spangler · License #3137316
(386) 451-5313
Source:
Crexi
Added: Mar 3
Changed: Sep 2
Last Checked: Aug 31 at 10:15PM
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 Florida Global International Realty
Investment Insights
Based on property information with market context.
The property includes a medical office building constructed in 1951, with two entrances, two waiting areas, seven examination rooms, and four bathrooms. The existing improvements served as a primary care facility for more than 34 years and require renovation for a future configuration. The site also includes more than 9,000 square feet of parking for clients and guests.
Set at the corner of Beville Road and Magnolia, the approximately two-acre property is a short distance from I-95 and I-4. Nearby destinations identified in the property information include Embry-Riddle Aeronautical University, Daytona State, Daytona International Speedway, and Daytona Beach Airport. An undeveloped rear lot along Magnolia provides additional land area beyond the existing building and parking.
Set at the corner of Beville Road and Magnolia, the approximately two-acre property is a short distance from I-95 and I-4. Nearby destinations identified in the property information include Embry-Riddle Aeronautical University, Daytona State, Daytona International Speedway, and Daytona Beach Airport. An undeveloped rear lot along Magnolia provides additional land area beyond the existing building and parking.
Key Highlights
- Medical office building constructed in 1951
- Two‑acre property at Beville Road and Magnolia
- Seven examination rooms and four bathrooms
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
$40,025
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
4.47%
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%
$800,500
$800.5K
Cap Rate 7%
$571,786
$571.8K
Cap Rate 9%
$444,722
$444.7K
Market Conditions
NOI Build-Up for 2,671 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
$57.7K $21.60/SF
− Vacancy
−$4.3K −$1.62/SF
EGI
$53.4K $19.98/SF
− OpEx
−$13.3K −$5.00/SF
NOI
$40.0K $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%
$800,500
Cap Rate 7%
$571,786
Cap Rate 9%
$444,722
Alternative Uses
Best Use
Office B
$571.8K
$500.3K – $667.1K
NOI $40,025 @ 7.0% cap · market cap 4.47%
Second Best
Healthcare Medical
$555.1K
$485.7K – $647.6K
NOI $38,857 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$787.6K
$689.1K – $918.8K
NOI $55,129 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
820
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32119, FL
22,498
Population
12,629
Households
1.8
Avg Household Size
50
Median Age
27%
College-Educated
91%
High-School Grad
7.8 sq mi
ZIP Area
2,884
Density / Sq Mi
$53,795
Median Household Income
$37,675
Median Earnings
$1,371
Median Rent
$215,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Newman Veterinary Centers — 1130 Beville Rd, Daytona Beach, FL 32114
- VCA Daytona Animal Hospital — 1130 Beville Rd, Daytona Beach, FL 32114
- Beville Animal Hospital — 945 Beville Rd, South Daytona, FL 32119
Frequently Asked Questions
What type of property is this?
Medical Office Space - Existing improvements include waiting areas, examination rooms, multiple bathrooms, and two separate entrances for professional use.
Where is this medical office space located?
The property is located at 905 Beville Road South Daytona, FL.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Medical office building constructed in 1951; Two‑acre property at Beville Road and Magnolia; Seven examination rooms and four bathrooms
