Office Building with Yard
For Sale
$420,000
116 CENTER Street, Daytona Beach, FL 32117
Commercial Sale, DAYTONA BEACH, FL
Property Size2,014 SF
Lot Size0.32 Acres
Price / SF$208.54
Days on Market184
Property Features for 116 CENTER Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
02RP
Subdivision
MASON & CARSWELLS HOLLY HILL
Directions
Located between Nova Rd & Ridgewood off of Mason Ave
Standard status
Active
APN
4244-01-33-0016
Size
2,014 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
37-15-33 N 60 FT OF S 384 FT OF E 231.3 FT OF LOT 1 BLK 33 MASON & CARSWELLS HOLLY HILL MB 2 PG 90 MB 12 PGS 3-4 PER OR 4120 PG 2575 PER D/C 6122 PG 0537 PER OR 6122 PG 0538 PER OR 6366 PG 2874 PER OR 6975 PG 0022
Tax Annual Amount
2352
Legal Description
37-15-33 N 60 FT OF S 384 FT OF E 231.3 FT OF LOT 1 BLK 33 MASON & CARSWELLS HOLLY HILL MB 2 PG 90 MB 12 PGS 3-4 PER OR 4120 PG 2575 PER D/C 6122 PG 0537 PER OR 6122 PG 0538 PER OR 6366 PG 2874 PER OR 6975 PG 0022
Utilities
Cooling system
Central Air
Building Details
Year built
1964
Building materials
Block
Listing Agency:
ADAMS, CAMERON & CO., REALTORS
(386) 738-1920
Listed By:
Daniel Lyonnais · License #3196672
(386) 852-7932
Added: Apr 16
Changed: Oct 7
Last Checked: Oct 16 at 12:06PM
MLS# V4948556
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,014-square-foot office building, constructed in 1964, includes several private office areas alongside open floor space. Block construction and central air conditioning support the existing commercial layout, while the yard adds exterior utility. The property is zoned 02RP and includes 0.32 acres. It was formerly used as a post office and also backs toward another parallel street. An adjoining vacant lot and neighboring house may be included with the property, subject to the proposed conveyance.
Key Highlights
- 2,014‑square‑foot office building on 0.32 acres
- Multiple offices plus open floor space
- Block construction with central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,180
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$603,600
$603.6K
Cap Rate 7%
$431,143
$431.1K
Cap Rate 9%
$335,333
$335.3K
Market Conditions
NOI Build-Up for 2,014 SF
Gross rent
$43.5K $21.60/SF
− Vacancy
−$3.3K −$1.62/SF
EGI
$40.2K $19.98/SF
− OpEx
−$10.1K −$5.00/SF
NOI
$30.2K $14.99/SF
Area
Volusia County, FL
Vacancy
7.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$603,600
Cap Rate 7%
$431,143
Cap Rate 9%
$335,333
Alternative Uses
Best Use
Office B
$431.1K
$377.3K – $503.0K
NOI $30,180 @ 7.0% cap · market cap 7.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$593.8K
$519.6K – $692.8K
NOI $41,569 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
852
Businesses Nearby
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Multi-office commercial building with open workspace, yard area, and central air conditioning.
Where is this office building located?
The property is located at 116 CENTER Street Daytona Beach, FL.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: 2,014‑square‑foot office building on 0.32 acres; Multiple offices plus open floor space; Block construction with central air conditioning
