Versatile Automotive/Retail/Office/Warehouse
For Sale
$895,000
Pending
806 Mason Ave, Daytona Beach, FL 32117
6,880 SF building with retail, office, and warehouse space.
Property Size6,880 SF
Lot Size0.40 Acres
Days on Market529
Property Features for 806 Mason Ave
General Information
Standard status
Pending
Size
6,880 SF
Lot size
0.40 Acres
Taxes and HOA fees
Annual Taxes
$7,670
Listing Agency:
Coldwell Banker Commercial Benchmark
(386) 672-8530
Listed By:
G.G. Galloway
(386) 672-8530
Source:
Exprealty
Added: Mar 13, 2025
Changed: Aug 20
Last Checked: Aug 22 at 1:17PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Benchmark
Investment Insights
Based on property information with market context.
This 6,880 square foot building is zoned Business Automotive (BA) and is available for purchase, lease purchase, or a minimum 3-year lease. The property features 1,600 square feet of retail/showroom space, 1,600 square feet of upstairs office space suitable for meeting rooms or rental, and 3,680 square feet of warehouse space with a 16-foot ceiling height and 6 bay doors. It includes a fenced storage yard with two points of entry and offers excellent frontage and exposure on Mason Avenue. The zoning allows for various uses, including automotive, retail, office, select light industrial, and manufacturing. The owner may consider carrying paper with 50% down. An existing cabinet and countertop business is also available.
Key Highlights
- 6,880 sf building zoned Business Automotive (BA) offering diverse usage possibilities.
- 3,680 sf warehouse space featuring an impressive 16 ft ceiling height and 6 bay doors.
- Excellent frontage and exposure on Mason Avenue.
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
$64,799
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
7.24%
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%
$1,295,980
$1.3M
Cap Rate 7%
$925,700
$925.7K
Cap Rate 9%
$719,989
$720.0K
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
$103.2K $15.00/SF
− Vacancy
−$10.6K −$1.55/SF
EGI
$92.6K $13.46/SF
− OpEx
−$27.8K −$4.04/SF
NOI
$64.8K $9.42/SF
Area
Volusia County, FL
Vacancy
10.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,295,980
Cap Rate 7%
$925,700
Cap Rate 9%
$719,989
Alternative Uses
Best Use
Office B
$1.47M
$1.29M – $1.72M
NOI $103,097 @ 7.0% cap · market cap 11.52%
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
812
Businesses Nearby
Well-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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- All Aboard Storage — 1025 Mason Ave, Daytona Beach, FL 32117
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- Budget Self Storage — 900 Mason Ave, Daytona Beach, FL 32117
- Madison Storage Company — 320 Madison Ave, Daytona Beach, FL 32114
- All Aboard Business Park — George W Engram Blvd, Daytona Beach, FL 32114
Frequently Asked Questions
What type of property is this?
Warehouse - 6,880 SF building with retail, office, and warehouse space.
Where is this warehouse located?
The property is located at 806 Mason Ave 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 building zoned Business Automotive (BA) offering diverse usage possibilities.; 3,680 sf warehouse space featuring an impressive 16 ft ceiling height and 6 bay doors.; Excellent frontage and exposure on Mason Avenue.
