106 N Old Kings Road #B
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 18, 2024 | No longer available | - | |
| No longer available | |||
| May 2, 2024 | Listed | $18 | |
| Listed | |||
| Mar 3, 2024 | No longer available | - | |
| No longer available | |||
| Jan 18, 2024 | Listed | $225,000 | |
| Listed | |||
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Ideal commercial office space in prime location of Ormond Beach! This versatile space is currently configured as a medical office, featuring two separate medical exam rooms equipped with sinks. The convenience extends to a full bath complete with a shower, ensuring your workspace accommodates various requirements. The office also boasts a half bath. This well-appointed space is perfect for professionals seeking a prime location with a pre-existing layout conducive to medical practices. Whether you continue its current use or decide to transform it into another office type, this property offers the flexibility and functionality you need. Square footage received from tax rolls. All information recorded in the MLS intended to be accurate but cannot be guaranteed. The manager has listed the unit size as 1196 square feet.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
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01/18/2024
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Loft
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-
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1196 ft²
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$225,000
Loft
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1196 ft²
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Buzzy Porter
Realty Pros Assured
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11/18/2023
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Loft
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-
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-
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$398,000
Loft
-
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-
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Carl Lentz
SVN Alliance Commercial Real Estate Advisors
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Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017