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570 Memorial Cir 23,200 SF 100% Leased Office Building Ormond Beach, FL 32174 $4,973,011 CAD ($214.35 CAD/SF) 7.47% Cap Rate
Investment Highlights
- 23,450 SF Office Building
- Built in 1984, updated in 2007 and consistently updated
- B-1 Zoning for Professional Office and Medical use
- 16 units
- New Roof 2025
Executive Summary
Exceptional opportunity in commercial real estate investment. This impressive 23,450 SF office building, comprised of 16 units, located in the coveted Ormond Beach area. Built in 1984 and thoughtfully updated in 2007. Well maintained and consistently being updated including new air conditioners. The property is perfectly positioned for Professional office and Medical use with B-1 Zoning, catering to the discerning needs of office-building investors. New roof in 2025 as well as new and efficient LED lighting throughout.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
23,200 SF
Building Class
B
Year Built/Renovated
1985/2007
Price
$4,973,011 CAD
Price Per SF
$214.35 CAD
Cap Rate
7.47%
NOI
$371,323 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
7,733 SF
Building FAR
0.44
Lot Size
1.21 AC
Zoning
B-1 - professional office, medical, legal, CPA, financial
Parking
100 Spaces (4.31 Spaces per 1,000 SF Leased)
Amenities
- Property Manager on Site
- Kitchen
- Central Heating
- Air Conditioning
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 4241-01-01-0065 | Improvements Assessment | $2,326,035 CAD |
| Land Assessment | $282,703 CAD | Total Assessment | $2,608,738 CAD |
Property Taxes
Parcel Number
4241-01-01-0065
Land Assessment
$282,703 CAD
Improvements Assessment
$2,326,035 CAD
Total Assessment
$2,608,738 CAD
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570 Memorial Cir
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