1951 Granada BlvdOrmond Beach, FL 32174

Property Details for 1951 Granada Blvd

Year built

1973

Construction

WOOD

Lot size

0.42 AC

Property size (Sq ft)

2,732 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

4125-00-00-0127

APU

412500000127

Description

This exceptional single-tenant office building, located at 1951 West Granada Boulevard in Ormond Beach, Florida, presents a unique opportunity for businesses seeking a well-designed and highly visible space. The property, zoned B-8 Commercial and identified by APN 412500000127 in Volusia County, boasts a thoughtfully arranged floor plan. The building offers eight individual offices, providing ample space for staff and management. A dedicated conference room facilitates productive meetings and collaborations, while additional work areas offer flexibility for various business needs. A convenient kitchen and dining area adds to the overall functionality and comfort of the space. The building's high visibility location on West Granada Boulevard ensures significant exposure to potential clients and customers. This property is ideal for a variety of office uses, including traditional office spaces, medical practices, and creative businesses. The single-tenant occupancy simplifies management and provides a cohesive work environment. The property's location in Ormond Beach, Florida, offers easy access to local amenities and transportation networks. This is a rare opportunity to secure a well-maintained, functional, and highly visible office building in a desirable location. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $576,653

  6.5%

  $532,295

  7%

  $494,274

• Comparable approach

  Method

  Valuation

  Relative Method

  $472,708

  Geo Method

  $472,708

• Alternative Use

  Use

  Valuation

  Residential

  $532,295

  Hospitality

  $487,579

  Educational

  $405,660

  Medical

  $419,612

  Retail

  $631,027

Location Insight

City

Ormond Beach

County

Volusia

State

Florida

Latitude

29.2541

Longitude

-81.128

CBSA code

19660

CBSA name

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

Property Tax & Assessments

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