- For Sale $2,500,000
- Property Type Office - General Office
- Property Size 9,180 SF
- Building Class B
- Year Built 2006
- Date Updated May 15, 2026
Description
Located on the north side of Granada Blvd just east of Nova Road.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.
Highlights
- 100% leased to long-tenured medical tenant
- Cap Rate 6.96%
- Stabilized single-tenant medical office condo
- Strong visibility on Ormond Beach’s prime corridor
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Contacts
John W. Trost
SVN | Alliance Commercial Real Estate Advisors
Location
Located at 725 W. Granada Boulevard, Ormond Beach, FL 32174, this property is part of the Ormond Beach neighborhood and North Central Florida market.
Contact Listing Broker
John W. Trost
SVN | Alliance Commercial Real Estate Advisors