About this property
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.
Property details
- Property Type
- Improved property
- Building Type
- Freestanding
- Building Size
- 9,180 sqft
- Zoning
- B-9
- Year Built
- 2006
- N O I
- $173,896
- Cap Rate
- 6.96%
- Parcel No
- 17 Parcels
Documents 2 files
Last updated: Oct 22, 2026
Location
- Address
-
725 W. Granada Boulevard Units 18-29, 35-37, 48-49
Ormond Beach, Florida 32174