Medical Office Suite with Multiple
For Sale
$485,000
B-802 Sterthaus Dr, Ormond Beach, FL 32174
Move-in ready medical suite with six private offices/exam rooms, reception, and two restrooms, plus three separate entry doors.
Property Size2,500 SF
Price / SF$194
Days on Market26
Property Features for B-802 Sterthaus Dr
General Information
Standard status
Active
Size
2,500 SF
Listing Agency:
Realty Pros Commercial
(386) 338-1330
Listed By:
Kayla Williams · License #3506971
(386) 338-1330
Source:
Exprealty
Added: Jul 16
Changed: Jul 26
Last Checked: Aug 9 at 12:12PM
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 Realty Pros Commercial
Investment Insights
Based on property information with market context.
Professional/medical office suite 2 offering approximately 500 SF and a functional layout designed for patient-facing operations. The space includes six private offices/exam rooms, a welcoming reception and waiting area, a consultation room, built-in file storage, and an administrative check-in area. There are two restrooms, along with multiple access points to support flexible use.
The suite is centrally located in Ormond Beach with easy access to surrounding residential neighborhoods, medical facilities, and major roadways. Three separate entry doors provide flexibility for multiple providers, patient flow, or shared occupancy.
This is a well-maintained option with a move-in-ready interior configuration suitable for professional or medical use within the existing suite layout.
The suite is centrally located in Ormond Beach with easy access to surrounding residential neighborhoods, medical facilities, and major roadways. Three separate entry doors provide flexibility for multiple providers, patient flow, or shared occupancy.
This is a well-maintained option with a move-in-ready interior configuration suitable for professional or medical use within the existing suite layout.
Key Highlights
- Move‑in ready professional/medical office suite with 2,500 SF in Ormond Beach
- Layout includes six private offices/exam rooms, reception and waiting area, and a consultation room
- Includes two restrooms and built‑in file storage for day‑to‑day practice needs
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
$37,463
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
7.72%
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%
$749,260
$749.3K
Cap Rate 7%
$535,186
$535.2K
Cap Rate 9%
$416,256
$416.3K
Market Conditions
NOI Build-Up for 2,500 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
$54.0K $21.60/SF
− Vacancy
−$4.1K −$1.62/SF
EGI
$50.0K $19.98/SF
− OpEx
−$12.5K −$5.00/SF
NOI
$37.5K $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 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%
$749,260
Cap Rate 7%
$535,186
Cap Rate 9%
$416,256
Alternative Uses
Best Use
Office B
$535.2K
$468.3K – $624.4K
NOI $37,463 @ 7.0% cap · market cap 7.72%
Second Best
Healthcare Medical
$519.6K
$454.6K – $606.2K
NOI $36,369 @ 7.0% cap · market cap 7.50%
Theoretical Best
Office A
$737.1K
$645.0K – $860.0K
NOI $51,600 @ 7.0% cap · market cap 10.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,249
Businesses Nearby
Balanced
Demand for This Use
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
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 - Move-in ready medical suite with six private offices/exam rooms, reception, and two restrooms, plus three separate entry doors.
Where is this medical office space located?
The property is located at B-802 Sterthaus Dr Ormond Beach, FL.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Move‑in ready professional/medical office suite with 2,500 SF in Ormond Beach; Layout includes six private offices/exam rooms, reception and waiting area, and a consultation room; Includes two restrooms and built‑in file storage for day‑to‑day practice needs
