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 Details
Property Features
Property Sub Type
Office
Parking
Other
County
Volusia
Additional Information
Area Major
S Tomoka River, E of US1, 44 - Ormond N of 40
Area Minor
S Tomoka River, E of US1, 44 - Ormond N of 40
Bathrooms Total Decimal
0.0
Contract Status Change Date
2026-05-01
Currently Not Used Building Area Total
9180.0
Documents Change Timestamp
2026-05-01T16:56:22Z
General Property Information Directions
Located on the north side of Granada Blvd just east of Nova Road.
Listing Contract Date
2026-05-01
Location Tax and Legal Country
US
Location Tax and Legal Parcel Number
x
Lot Features Other18
Other
Major Change Timestamp
2026-05-01T16:56:22Z
Major Change Type
New Listing
Mls Status
Active
Modification Timestamp
2026-05-01T17:05:22Z
On Market Date
2026-05-01
StatusChangeTimestamp
2026-05-01T16:56:21Z
Neighborhood Map
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Property Photos
MLS #1225921
Listing courtesy of Svn Alliance Commercial Real Estate Advisors
provided by Daytona Beach Area Association Of REALTORS.
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The source of the listing data is as follows:
Daytona Beach Area Association Of REALTORS (updated 8/10/26 2:59 PM) |
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Jim Tobin, REALTOR®
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