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Fully Leased Office Condo Portfolio 3 Condos Offered at $772,000 in Ormond Beach, FL
Investment Highlights
- Fully leased office condo portfolio
- Strong visibility on Ormond Beach's prime corridor
- Healthcare-focused income stream
Executive Summary
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, cashflowing assets in a high-demand Florida market.
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, cashflowing assets in a high-demand Florida market.
Property Facts
| Price | $772,000 | Status | Active |
| Price / SF | $286.78 / SF | Number of Properties | 3 |
| Cap Rate | 6.99% | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 2,692 SF |
| Price | $772,000 |
| Price / SF | $286.78 / SF |
| Cap Rate | 6.99% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 2,692 SF |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Granada Professional Center
725 W Granada Blvd, 1st Floor - Unit 30-31, Ormond Beach, FL 32174 |
Office/Medical Condo | 1,080 SF | 2006 | - |
|
Granada Professional Center
725 W Granada Blvd, 1st Floor - Unit 46-47, Ormond Beach, FL 32174 |
Office/Medical Condo | 1,080 SF | 2006 | - |
|
Granada Professional Center
725 W Granada Blvd, 1st Floor - Unit 50, Ormond Beach, FL 32174 |
Retail Condo | 532 SF | 2006 | - |
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Fully Leased Office Condo Portfolio
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