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    550 Granada Blvd Ormond Beach, FL 32174

    For Lease
    $27 SF/Yr

    New Retail Center, High Traffic Location

    Lot size:
    19,981 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    Introducing the Shoppes at Granada Pointe, a brand-new 19,981 square foot retail center in Ormond Beach, Florida, slated for completion in mid-2025. This single-building, multi-tenant strip center sits on a 20-acre lot at the highly visible intersection of Granada Boulevard and Tomoka Avenue, offering excellent visibility and accessibility. The property is zoned PBD (Planned Business Development) and boasts a variety of unit sizes, ranging from a minimum of 1,537 square feet to a maximum contiguous space of 4,781 square feet, with the entire 19,981 square feet currently available. The center is strategically located near Interstate 95 (approximately 3.4 miles), providing easy access for customers and employees. Current and future neighbors include Wawa, Whistle Express Car Wash, Culver's, and IHOP, creating a strong synergy and high-traffic environment. The estimated annual operating expenses, including common area maintenance (CAM), real estate taxes, and insurance, are $6.95 per square foot. With a daytime population of 109,623 within a 5-mile radius, this location presents a significant opportunity for businesses seeking high visibility and a strong customer base. Ideal for a variety of uses, including fast food, restaurants, financial services, offices, pharmacies, retail, insurance, and medical offices. This is a rare opportunity to secure space in a prime Ormond Beach location.

    Property Features for 550 Granada Blvd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    19,981 SF
    Total Rate
    44957.25

    Building Details

    Year Built
    2025
    Buildings
    1

    Unit(s) available at that property

    Space
    Unit 6
    Size
    2,162 SF
    Rate per SF
    $28
    Space
    Unit 5
    Size
    1,537 SF
    Rate per SF
    $27
    Space
    Unit 3
    Size
    1,640 SF
    Rate per SF
    $27
    Space
    Unit 4
    Size
    2,160 SF
    Rate per SF
    $28
    Space
    Unit 7
    Size
    1,560 SF
    Rate per SF
    $27
    Space
    Unit 8
    Size
    1,674 SF
    Rate per SF
    $27
    Space
    Unit 9
    Size
    4,781 SF
    Rate per SF
    $31
    Space
    Unit 2
    Size
    1,667 SF
    Rate per SF
    $27
    Space
    Unit 1
    Size
    2,800 SF
    Rate per SF
    $37

    HighLights

    • 20,205 SF retail center, Shoppes at Granada Pointe, available for lease.
    • Retail space available, including endcap and inline units.
    • High‑visibility Granada Boulevard location, co‑tenanted by Wawa and Whistle Express Car Wash.
    • Strong daytime population: 109,623 within a 5‑mile radius.
    • Conveniently located 3.4 miles from I‑95.
    • Ideal for various uses including fast food, restaurants, financial services, offices, pharmacy, retail, insurance, and medical offices.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ormond Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.070523
    Latitude
    29.278966

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    FAQs

    What type of property is this?
    Neighborhood center - New Retail Center, High Traffic Location
    Where is this neighborhood center located?
    The property is located at 550 Granada Blvd Ormond Beach, FL.
    What is the lease rate?
    The lease rate is $27-$37 SF/Yr.
    What are key features of this property?
    This property features: 20,205 SF retail center, Shoppes at Granada Pointe, available for lease.; Retail space available, including endcap and inline units.; High-visibility Granada Boulevard location, co-tenanted by Wawa and Whistle Express Car Wash.
    Request Owner's contact information
    550 Granada Blvd Ormond Beach, FL 32174
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    Ormond Beach, FL 32174
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    550 Granada Blvd Ormond Beach, FL 32174
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