Automotive Service Building with
401 Mason Avenue Daytona Beach, FL 32117
401 Mason Avenue, Daytona Beach, FL, 32117
$899,000
For Sale
$899,000
COMMERCIAL - Daytona Beach, FL
Property Size6,700 SF
Lot Size0.58 Acres
Price / SF$134.18
Days on Market1199
Property Features for 401 Mason Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 5338-08-00-0730
- Size
- 6,700 SF
- Lot size
- 0.58 Acres
Taxes and HOA fees
- Tax Year
- 2022
- Tax Description
- LOTS 73 TO 76 INC RIDGEWOOD PARK KINGSTON INC PER OR 4170 PG 1877 PER OR 5857 PG 1622 PER OR 6660 PG 3555 PER OR 6998 PG 4635 PER OR 7006 PG 4850 PER OR 7715 PG 1487 PER OR 7776 PG 1360
- Tax Annual Amount
- 5481
Building Details
- Year built
- 1972
Listing Agency
EXP Realty LLC
(386) 547-8586
196 S Yonge ST, Jacksonville, FL
Listed by
Jennifer Withers
(386) 523-4683
Added: Apr 6, 2023 Checked: Jul 17 at 8:06 am
MLS# 1107766
Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is a corner-lot automotive service building totaling about 6,700 square feet of interior space. The front of the building includes an office area, and the service portion features eight automotive bays equipped with roll-up doors.
The site sits on just over half an acre and is currently zoned M-1 Local Industry. Public remarks indicate the property is located in an Opportunity Zone and within a redevelopment zone. The property is being sold “as-is,” and existing leasing is described as $5,000 per month on a triple-net basis.
For buyers or operators seeking an automotive-focused setup, the combination of bay capacity and on-site office space supports service and repair operations that require both vehicle access and administrative functions. The M-1 Local Industry zoning may be important for automotive use planning, and the current tenant structure can be considered by those evaluating an occupied purchase. Owner financing is also mentioned as a possibility, with terms described as $300k down, a 7–9% rate depending on market, a 7–10 year balloon, and amortization over 20 years.
The site sits on just over half an acre and is currently zoned M-1 Local Industry. Public remarks indicate the property is located in an Opportunity Zone and within a redevelopment zone. The property is being sold “as-is,” and existing leasing is described as $5,000 per month on a triple-net basis.
For buyers or operators seeking an automotive-focused setup, the combination of bay capacity and on-site office space supports service and repair operations that require both vehicle access and administrative functions. The M-1 Local Industry zoning may be important for automotive use planning, and the current tenant structure can be considered by those evaluating an occupied purchase. Owner financing is also mentioned as a possibility, with terms described as $300k down, a 7–9% rate depending on market, a 7–10 year balloon, and amortization over 20 years.
Key Highlights
- Opportunity Zone: Potential capital gains tax forgiveness on appreciation.
- Income Producing: Currently leased at $5,000 per month with a Triple Net lease.
- Large Lot and Building: Over half an acre corner lot with approximately 6,700 sq ft of interior space.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $100.5k | $15.00 |
| − Vacancy | −$10.4k | −$1.55 |
| EGI | $90.1k | $13.46 |
| − OpEx | −$27.0k | −$4.04 |
| NOI | $63.1k | $9.42 |
6,700 SF · lease $15.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$901.5K
$788.8K – $1.05M
NOI $63,104 @ 7.0% cap · market cap 7.02%
Second Best
Industrial
$569.8K
$498.6K – $664.8K
NOI $39,888 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$1.98M
$1.73M – $2.30M
NOI $138,288 @ 7.0% cap · market cap 15.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mike's discount tires
Auto Parts Store
Similar For Sale Nearby
Similar Off Market Nearby
- Bob Sellers Auto Clinic — 405 N Charles St, Daytona Beach, FL 32114
- All American Auto Machine — 405 N Charles St, Daytona Beach, FL 32114
- Subaru Service — Daytona Beach, FL 32114
- Indian Motorcycle Daytona Beach — 290 N Beach St, Daytona Beach, FL 32114
- Tech Auto Care — 426 N Segrave St, Daytona Beach, FL 32114
FAQs
What type of property is this?
Auto shop - Automotive service facility with eight roll-up bays and a front office, currently leased under a triple-net arrangement.
Where is this auto shop located?
The property is located at 401 Mason Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Opportunity Zone: Potential capital gains tax forgiveness on appreciation.; Income Producing: Currently leased at $5,000 per month with a Triple Net lease.; Large Lot and Building: Over half an acre corner lot with approximately 6,700 sq ft of interior space.
