1870 Granada BlvdOrmond Beach, FL 32174

Property Details for 1870 Granada Blvd

Year built

2005

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.78 AC

Property size (Sq ft)

4,975 SF

Zone code

R1C

Property type

Office properties

Property subtype

Office buildings

APN

4125-00-00-0140

APU

412500000140

Description

This exceptional 4,975 square foot executive office building in Ormond Beach, Florida, presents a unique leasing opportunity. Located on high-visibility Granada Boulevard in Volusia County, this 2005-built property offers two suites: a 2,976 square foot unit and a 1,919 square foot unit, both currently vacant. The building is zoned PUD and boasts a wealth of amenities including two conference rooms, seventeen private offices, two breakrooms, five restrooms, and two separate lobbies with individual entrances. The property features freestanding signage for optimal visibility and is meticulously maintained, creating a professional and inviting atmosphere. Ideal for a variety of professional businesses, including but not limited to legal, insurance, real estate, or financial services firms. The building's convenient location offers easy access to Interstate 95 (approximately 0.7 miles), Interstate 4 (8 miles), and SR 100 (16.5 miles), placing it within easy reach of a large workforce. Nearby amenities include Publix, Lowe's, various restaurants, and other retail establishments. The estimated combined cost of CAM, real estate taxes, and insurance is $6.11 per square foot. Lease the entire 4,975 square feet or choose individual suites to suit your specific needs. This is a truly exceptional opportunity to establish your business in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $846,848

  6.5%

  $781,705

  7%

  $725,869

• Comparable approach

  Method

  Valuation

  Relative Method

  $555,359

  Geo Method

  $555,359

• Alternative Use

  Use

  Valuation

  Residential

  $969,315

  Hospitality

  $887,887

  Educational

  $738,712

  Medical

  $764,117

  Retail

  $1,149,107

Location Insight

City

Ormond Beach

County

Volusia

State

Florida

Latitude

29.2537

Longitude

-81.1259

CBSA code

19660

CBSA name

DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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