$19*
●
Commercial -
Off Market
265 Clyde Morris Boulevard #200
Ormond Beach, FL 32174
Studio
0 Bath
$0 - $10000
Reference Base Price*
13.52%
Since Oct 1, 2021
National-US
Primary Model
About This Property
Root Executive Park features elegant low-level building featuring a
tranquil setting and Professional Office for Lease from 4,370 SF up
to 13,140 SF. Welcoming Reception Area, Spacious Conference Room, 4
Offices, Kitchen, Open Office Space, Plenty of Storage, ADA
Restrooms. Abundant parking. Parking ratio 6 per 1,000 SF. Monument
and Building Signage Available.$16.50 per SF NNN. Distinctive
modern design and construction, high finish level. Well landscaped
and maintained. Backup Emergency Generator. Located at the
Northeast corner of Clyde Morris Blvd. and Hand Ave. in Ormond
Beach. Just 2.3 miles to I-95 and Granada Blvd. Interchange. Less
than 2 Miles to AdventHealth Daytona Beach. Approximately 6.3 miles
to Daytona Beach Int'l Airport and 5.8 miles to Halifax Health
Medical Center.
Unit Size
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Property Type
Commercial
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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 | |||
| Jul 13, 2023 | Listed | $23 | |
| Listed | |||
| | |||
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Turn-Key Office in Ormond Beach for Lease at Root Executive Park. Located in the prominent Professional Office & Medical complex at Hand Ave. and Clyde Morris Blvd. This turn-key suite is ready for immediate move-in. The expansive suite features 5 large Offices, Reception Area, fully furnished Conference Room, spacious open area/ Workstations, ADA compliant Restrooms, Kitchen/break room, Two entrances, and plenty of storage. The total square footage of the suite is 4,370 SF. Abundant parking with over 260 parking spaces. Parking ratio 6 per 1,000 SF. Monument and Building Signage Available. Root Executive Park features three 14,000 SF elegant, single-level buildings featuring a tranquil park-like setting. Property is 6.6 Acres. The manager has listed the unit size as 14985 square feet.
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| Sep 1, 2021 | No longer available | - | |
| No longer available | |||
| Jan 27, 2020 | Relisted | $17 | |
| Relisted | |||
| Jan 26, 2020 | No longer available | - | |
| No longer available | |||
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Property Highlights
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Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
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07/13/2023
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Loft
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14985 ft²
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$23
Loft
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14985 ft²
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Diane Larsen
Tri-Square Realty, Inc.
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08/12/2020
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Loft
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14985 ft²
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$17
Loft
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14985 ft²
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Diane Larsen
Tri-Square Realty, Inc.
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09/22/2019
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Loft
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$17
Loft
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Diane Larsen
Tri-Square Realty, Inc.
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Building Info
265 Clyde Morris Boulevard
265 Clyde Morris Boulevard, Ormond Beach, FL 32174
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017