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Retina Medical Office Building 529 Health Blvd

3,626 SF Office Building Daytona Beach, FL 32114 $2,026,982 CAD ($559 CAD/SF) 7.69% Cap Rate

Investment Highlights

  • Daytona Beach population 85,900 per 2024 US Census. It grew 18.8% in past four years.
  • Port Orange population 67,000 per 2024 US Census. It grew 6.9% in past four years.
  • Oviedo population 41,600 per 2024 US Census. It grew 4.1% in past four years.
  • Palm Coast population 106,237 per 2024 US Census. It grew 18.4% in past four years
  • Orlando (city) population 325,044 per 2024 US Census. It grew 5.6% in past four years. Orlando MSA population 2.13 million per 2024 US Census.
  • Retina patients often travel many miles to reach the closet CFR office in Central Florida.

Executive Summary

Retina is a small sub-specialty in medicine requiring their physicians additional study to achieve. Their practice specialty requires an approximate population of 200,000 for every specialist. The problem with Florida, as with most of the United States, is that most of is it is spread out over many rural areas. This creates a problem in general for rural patients. It is worse for rural patients needing retina specialists since they are limited in number and often found only in bigger cities. For this reason, Central Florida Retina has strategically expanded over the years to cover all of Central Florida to better serve its Florida patients. Over the decades, the number of physicians in the practice typically fluctuates between four and six physicians, as senior doctors eventually retire and new doctors join this long respected practice. It takes ten additional years of study after college to become a retina specialist. This includes four years of medical school, one year of internship, three years of residency and two years of retinal fellowship.

Attachments

Sale Brochure

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
3,626 SF
Building Class
C
Year Built
2006
Price
$2,026,982 CAD
Price Per SF
$559 CAD
Cap Rate
7.69%
NOI
$155,906 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,626 SF
Building FAR
0.13
Lot Size
0.62 AC
Opportunity Zone
Yes
Parking
23 Spaces (6.34 Spaces per 1,000 SF Leased)

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5338-0B-00-0110
Land Assessment
$280,659 CAD
Improvements Assessment
$653,461 CAD
Total Assessment
$934,120 CAD
  • Listing ID: 34145437

  • Date on Market: 2024-12-10

  • Last Updated:

  • Address: 529 Health Blvd, Daytona Beach, FL 32114

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