Property profile

570 Memorial Cir Ormond Beach, FL 32174

FOR SALE
Medical Office Space
Property ID
US18-0266396
18,942 SF 1.21 ac lot Built 1977
Entity Owned 20-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1,830 square foot executive office suite is ideally situated in Ormond Beach's central business district, offering unparalleled convenience and accessibility. Located on the third floor of a three-story multi-tenant office building at 570 Memorial Circle, this single-tenant space previously housed attorney offices. The property boasts on-site management for ease and efficiency. Utilities are shared by the tenant, with pass-throughs at a rate of $4.25 per square foot annually. Lease terms are flexible and negotiable, depending on the length of the lease, and attractive tenant incentives are available. The building's location provides easy access to the Trails Shopping Center off Nova Road and is also near Granada Boulevard. This presents a fantastic opportunity for businesses seeking a professional and well-maintained office space in a thriving commercial area. Note that additional first-floor medical office space is also available, but is listed separately under MLS #1036518. The total building contains one suite. The property is classified as retail and office. The lot size is not specified.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1977
Construction CONCRETE
Total area 18,942 SF
Lot 1.21 ac (52,707 SF)
Zoning code B1
APN 4241-01-01-0065
UPID US18-0266396

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Pharmacy
  • Physician Medical Clinic
  • Psychotherapist Counselor
  • Physician
  • Physician

Location

570 Memorial Cir Ormond Beach, FL 32174
Ormond Beach metro Census 80807 DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.50M
Blend (final) Blend
$2.20M

Owner & transaction history

since 2006
2 recorded transactions
2006
$1.5M
2006
Price N/A

Zoning & alternative use

B1 · Ormond Beach, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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