Flex Building With Fenced
For Sale
$895,000
Pending
806 Mason Avenue, Daytona Beach, FL 32117
Commercial Sale, Daytona Beach, FL
Property Size6,880 SF
Lot Size0.40 Acres
Days on Market549
Property Features for 806 Mason Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Commercial
Parking features
Guest
Security features
Security Lighting
Fencing
Privacy, Fenced, Chain Link
Lot features
Cleared
Directions
On Mason Ave., between Ridgewood Ave and Nova Rd.
Subdivision
35 - Mason to LPGA E of 95
Standard status
Pending
APN
4244-01-33-0062
Size
6,880 SF
Lot size
0.40 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
44-14-32 W 87 FT OF E 200 FT OF S 255 FT OF LOT 2 BLK 33 M & C HOLLY HILL MB 2 PG 90 PER OR 4659 PG 0521 PER OR 5400 PG 1204 PER OR 8303 PG 2364
Tax Annual Amount
7670
Legal Description
44-14-32 W 87 FT OF E 200 FT OF S 255 FT OF LOT 2 BLK 33 M & C HOLLY HILL MB 2 PG 90 PER OR 4659 PG 0521 PER OR 5400 PG 1204 PER OR 8303 PG 2364
Utilities
Sewer type
Public Sewer
Cooling system
Central Air, Other (Cooling)
Water source
Public
Amenities
fenced storage yard
6 bay doors
Building Details
Year built
1973
Floors in Building
2
Flooring type
Concrete, Vinyl
Building materials
Block, Concrete, Metal Siding, Steel Siding
Roof type
Mixed, Membrane
Listing Agency:
Coldwell Banker Commercial Benchmark
Listed By:
G.G. Galloway
(386) 672-8530
Added: Mar 13, 2025
Changed: Sep 12
Last Checked: Sep 12 at 6:06PM
MLS# 1210647
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.
This flex property contains 6,880 square feet across a practical mix of commercial spaces. The layout includes 1,600 square feet of retail or showroom area, 1,600 square feet of upper-level office or meeting space, and 3,680 square feet of warehouse area with 16-foot ceiling height. Six bay doors support warehouse and service access, while block, concrete, and metal construction provide a durable building envelope.
The property occupies 0.4 acres at 806 Mason Avenue in Daytona Beach, with frontage and exposure along Mason Avenue. A fenced storage yard has two entry points, and the site includes public water and public sewer. Business Automotive (BA) zoning allows automotive, retail, office, select light industrial, and manufacturing uses.
The property occupies 0.4 acres at 806 Mason Avenue in Daytona Beach, with frontage and exposure along Mason Avenue. A fenced storage yard has two entry points, and the site includes public water and public sewer. Business Automotive (BA) zoning allows automotive, retail, office, select light industrial, and manufacturing uses.
Key Highlights
- 6,880 SF flex building on a 0.4‑acre site
- 1,600 SF retail/showroom area plus 1,600 SF upstairs office, meeting rooms or rental space
- 3,680 SF warehouse with 16 ft ceiling height
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$77,582
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,551,640
$1.6M
Cap Rate 7%
$1,108,314
$1.1M
Cap Rate 9%
$862,022
$862.0K
Market Conditions
NOI Build-Up for 6,880 SF
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.
Gross rent
$130.4K $18.96/SF
− Vacancy
−$11.1K −$1.61/SF
EGI
$119.4K $17.35/SF
− OpEx
−$41.8K −$6.07/SF
NOI
$77.6K $11.28/SF
Area
Volusia County, FL
Vacancy
8.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,551,640
Cap Rate 7%
$1,108,314
Cap Rate 9%
$862,022
Alternative Uses
Best Use
Flex RnD
$1.11M
$969.8K – $1.29M
NOI $77,582 @ 7.0% cap · market cap 8.67%
Second Best
Retail
$925.7K
$810.0K – $1.08M
NOI $64,799 @ 7.0% cap · market cap 7.24%
Theoretical Best
Office A
$2.03M
$1.78M – $2.37M
NOI $142,003 @ 7.0% cap · market cap 15.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
16 ft
Clear height
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
812
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32117, FL
28,223
Population
14,392
Households
2
Avg Household Size
43
Median Age
21%
College-Educated
90%
High-School Grad
12.0 sq mi
ZIP Area
2,352
Density / Sq Mi
$52,132
Median Household Income
$32,189
Median Earnings
$1,392
Median Rent
$175,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Business Automotive-zoned property combines showroom, office, warehouse, and secured outdoor storage.
Where is this flex space located?
The property is located at 806 Mason Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 6,880 SF flex building on a 0.4‑acre site; 1,600 SF retail/showroom area plus 1,600 SF upstairs office, meeting rooms or rental space; 3,680 SF warehouse with 16 ft ceiling height
