725 W Granada Boulevard, Ormond Beach, FL 32174
Volusia County
Key Facts
Description
A fully stabilized, single-tenant medical office condo offered on Ormond Beach's busiest commercial corridor. Granada Professional Center presents the opportunity to acquire a portfolio of office condo units within one of Ormond Beach's most established professional complexes, 100% occupied by a single, long-tenured medical tenant. Offered at $2,500,000, with a 6.96% cap rate on current weighted average NOI of $173,896 over recently signed 5-year lease from Coastal Pain & Neurology Centers, a multi-physician specialty practice that has operated continuously at this location since 2000. The 9,180 square foot unit is built out for full medical use, featuring high ceilings, storm-rated doors and windows, and ample on-site parking, with prominent monument signage along W. Granada Boulevard (State Road 40) - carrying over 33,500 vehicles per day. With a 25-year tenured anchor, a broad insurance-accepting patient base, and the low-maintenance ownership structure of an office condo, this offering is well-suited for a private investor or 1031 exchange buyer seeking dependable, healthcare-driven income in a high-demand Florida market. Stabilized single-tenant medical office condo 100% leased to long-tenured medical tenant Cap Rate 6.96% Strong visibility on Ormond Beach's prime corridor
Property Information
Property Type
Commercial Sale
Sub-Type
Office
Living Area
9,180 sq ft
Days on Market
291
MLS® Listing#
1225921
Property Features
Parking
Lot Features
Financial Details
Parcel Number
x
Directions
Located on the north side of Granada Blvd just east of Nova Road.
Affordability Calculator
$500,000
Estimated monthly payment
$13,306/mo
Principal $2,000,000 · Est. interest $2,790,178 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Ormond Beach, FL
- $503,060
- Median Listing Price
- 119
- Median Days on Market
- 1,400
- Median Sq Ft
- $386
- Median Price / Sq Ft
- 27,317
- Active Listings
- This home’s price is 397% above the area median.
- Its price per sq ft is 29% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Ormond Beach, FL.
Location
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Points of Interest in Ormond Beach, FL
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 16001 Collins Ave 1002, Sunny Isles Beach, FL | $1,750,000 | 3 | 3 | 1,979 |
| 102 Miramar Drive A, Mexico Beach, FL | $1,750,000 | 3 | 4 | 1,764 |
| 945 6TH Street, Daytona Beach, FL | $1,750,000 | — | — | — |
| 330 Sunny Isles Blvd 5-1508, Sunny Isles Beach, FL | $1,750,000 | 3 | 4 | 1,892 |
| 1342 Redbourne Lane, Ormond Beach, FL | $1,750,000 | 4 | 5 | 4,771 |
| 21806 Webb Street, Panama City Beach, FL | $1,750,000 | 5 | 5 | 2,884 |
Moving Cost Estimate
EXIT Agents in Ormond Beach
Listing Courtesy: SVN Alliance Commercial Real Estate Advisors - 3863107900
Presented by: Carl Lentz
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.