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$ 772,000
Est. payment | /mo
2,692 SqFt
$ 772,000
Est. payment | /mo
2,692 SqFt
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 2,692 sqft
Price per Sqft $286
MLS Listing ID 1225930
Property Sub-Type Office
Source Daytona Beach Area Association of REALTORS®
Property Description
Three fully leased office condo units offered as a portfolio on Ormond Beach's busiest commercial corridor.
Granada Professional Center offers three office condo units built in 2006, featuring high ceilings, storm-rated doors and windows, ample on-site parking, and prominent multi-tenant monument signage along W. Granada Boulevard (State Road 40), which carries over 33,500 vehicles per day.
The units are 100% occupied by Hopkins Hearing Institute, Seahaven Chiropractic, and The Vanity Room Salon, delivering a diversified, healthcare-focused income stream supported by a surrounding trade area with an average age of 51.1 and household incomes approaching $84,300 within three miles.
Offered at $772,000 with a 7% cap rate and a current NOI of $53,951.69, this is a rare, fully stabilized investment opportunity well suited for a private investor or 1031 exchange buyer seeking low management, cash-flowing assets in a high-demand Florida market. Fully leased office condo portfolio
Healthcare-focused income stream
Cap Rate 7%
Strong visibility on Ormond Beach's prime corridor
Granada Professional Center offers three office condo units built in 2006, featuring high ceilings, storm-rated doors and windows, ample on-site parking, and prominent multi-tenant monument signage along W. Granada Boulevard (State Road 40), which carries over 33,500 vehicles per day.
The units are 100% occupied by Hopkins Hearing Institute, Seahaven Chiropractic, and The Vanity Room Salon, delivering a diversified, healthcare-focused income stream supported by a surrounding trade area with an average age of 51.1 and household incomes approaching $84,300 within three miles.
Offered at $772,000 with a 7% cap rate and a current NOI of $53,951.69, this is a rare, fully stabilized investment opportunity well suited for a private investor or 1031 exchange buyer seeking low management, cash-flowing assets in a high-demand Florida market. Fully leased office condo portfolio
Healthcare-focused income stream
Cap Rate 7%
Strong visibility on Ormond Beach's prime corridor
Location
State FL
County Volusia
Area 44 - Ormond N Of 40, S Tomoka River, E Of Us1
Direction Located on the north side of Granada Blvd just east of Nova Road.
Region Ormond Beach
City Region Ormond Beach
Exterior
Parking Features Other
View Y/N No
Building
Lot Description Other
Others
Tax ID x
Listed by Carl Lentz • SVN Alliance Commercial Real Estate Advisors
