725 W Granada Boulevard, Ormond Beach, FL 32174 (MLS# 1225921)

725 W Granada Boulevard, Ormond Beach, FL 32174

New Listing

$2,500,000

Property Type: Commercial Sale Square Footage: 9,180 Status: Active

Current Price: $2,500,000 List Date: 5/01/2026 Last Modified: 5/01/2026

Overview

Description

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.

Supplements: 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 t ... (Read more)

Listing Details MLS# 1225921

General Property Information

Building Area Total: 9180
Waterfront YN: No
Directions: Located on the north side of Granada Blvd just east of Nova Road.
Public Remarks: 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.

Property Features

Lot Features: Other Parking Features: Other Sale Includes: Building & Land

Contract Information

Listing Contract Date: 2026-05-01
Property Sub Type: Office

Location Tax and Legal

Street Number: 725
Street Direction Prefix: W
Street Name: Granada
Street Suffix: Boulevard
County: Volusia
State: FL
Postal Code: 32174
MLS Area Major: 44 - Ormond N of 40, S Tomoka River, E of US1

Status Change Information

Major Change Timestamp: 2026-05-01T16:56:22Z
Major Change Type: New Listing

Location, Tax, and Legal

Country: US
Parcel Number: x

More Information

Lot Features

Other: Yes

Parking Features

Other: Yes

Sale Includes

Building & Land: Yes

Listing Office: SVN Alliance Commercial Real Estate Advisors

Last Updated: May - 01 - 2026

Information deemed reliable but not guaranteed.

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