Renovated Second-Floor Office
For Sale
$129,000
E7-555 W Granada Blvd, Ormond Beach, FL 32176
Open-concept workspace with tile flooring, conference furnishings, built-in speakers, and efficient HVAC.
Property Size714 SF
Price / SF$180.67
Days on Market17
Property Features for E7-555 W Granada Blvd
General Information
Standard status
Active
Size
714 SF
Space & Availability
Floor
2
Furnished
Yes
Amenities
built-in ceiling speakers
pre-wired for TV/monitor
Listing Agency:
Realty Pros Commercial
(386) 253-8565
Listed By:
Kayla Williams · License #3506971
(386) 338-1330
Source:
Exprealty
Added: Sep 15
Changed: Sep 21
Last Checked: Oct 1 at 2:17PM
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.
This 714 SF office unit occupies the second floor and has been renovated with an open-concept layout, contemporary finishes, and tile flooring throughout. The space includes a conference table, built-in ceiling speakers, and pre-wiring for a wall-mounted TV or monitor, supporting a functional professional setting.
Building improvements include a new roof completed in June 2025 and a high-efficiency HVAC system that is less than 3 years old. The suite is located at E7-555 W Granada Blvd in Ormond Beach, Florida, and is ready for occupancy.
Building improvements include a new roof completed in June 2025 and a high-efficiency HVAC system that is less than 3 years old. The suite is located at E7-555 W Granada Blvd in Ormond Beach, Florida, and is ready for occupancy.
Key Highlights
- 714 SF second‑floor office unit
- Renovated open‑concept layout with tile flooring
- New roof completed June 2025
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
$10,699
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
8.29%
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%
$213,980
$214.0K
Cap Rate 7%
$152,843
$152.8K
Cap Rate 9%
$118,878
$118.9K
Market Conditions
NOI Build-Up for 714 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
$15.4K $21.60/SF
− Vacancy
−$1.2K −$1.62/SF
EGI
$14.3K $19.98/SF
− OpEx
−$3.6K −$5.00/SF
NOI
$10.7K $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%
$213,980
Cap Rate 7%
$152,843
Cap Rate 9%
$118,878
Alternative Uses
Best Use
Office B
$152.8K
$133.7K – $178.3K
NOI $10,699 @ 7.0% cap · market cap 8.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$210.5K
$184.2K – $245.6K
NOI $14,737 @ 7.0% cap · market cap 11.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
905
Businesses Nearby
Explore this area
Business Placement
Demographics for 32176, FL
14,410
Population
10,329
Households
1.4
Avg Household Size
59
Median Age
38%
College-Educated
95%
High-School Grad
5.7 sq mi
ZIP Area
2,528
Density / Sq Mi
$72,248
Median Household Income
$39,529
Median Earnings
$1,436
Median Rent
$368,400
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.
Frequently Asked Questions
What type of property is this?
Office units - Open-concept workspace with tile flooring, conference furnishings, built-in speakers, and efficient HVAC.
Where is this office units located?
The property is located at E7-555 W Granada Blvd Ormond Beach, FL.
What is the asking price?
The asking price for this property is $129,000.
What are key features of this property?
This property features: 714 SF second‑floor office unit; Renovated open‑concept layout with tile flooring; New roof completed June 2025
