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    Daytona Beach Industrial Facility Title is generated by Realmo AI

    1640 Mason Avenue, Daytona Beach, FL 32117

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    For Lease
    $20,879 SF/Yr $30,051,840/Mo (calc)

    COMMERCIAL - Daytona Beach, FL

    Property size:
    17,272 SF
    Lot size:
    0.39 Acres
    Added:
    Mar 11, 2026
    Days on Market:
    65
    Last Refresh:
    May 14 at 8:06 pm

    Property Features for 1640 Mason Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1
    Parking features
    Parking Lot
    Security features
    Security Lighting
    Standard status
    Active
    APN
    5211-30-00-0020
    Size
    17,272 SF
    Lot size
    0.39 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    UNIT 2 WEST MASON COMMERCIAL PARK CONDO PER OR 6324 PG 4264 PER OR 6327 PG 4591 PER OR 7065 PG 0432 PER OR 8153 PG 2685
    Tax Annual Amount
    15543

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1985
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    Metal Siding, Steel Siding
    Roof type
    Membrane

    We can help!

    Listing Contact
    Richard McNerney

    Listing agent Richard McNerney

    Listing office Adams, Cameron & Co., Realtors 600 S Atlantic Ave, Daytona Beach, FL

    Listing date Mar 11, 2026

    MLS# 1223990

    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.

    HighLights

    • 17,279 SF clear‑span industrial facility suitable for various uses
    • Multiple oversized grade‑level roll‑up doors and wide truck court facilitate efficient loading/unloading
    • Durable steel/masonry construction and concrete flooring designed for heavy‑duty use
    • Includes offices, restrooms, IT/storage rooms, and an upstairs office suite
    • Located in a well‑established industrial park with easy access to major corridors and ample parking
    • Available immediately at $12.00 PSF NNN

    Overview

    This 17,279 square foot clear-span industrial facility is located in Daytona Beach, Florida. The property is suitable for manufacturers, distributors, and contractors. It features multiple oversized grade-level roll-up doors and a wide truck court. The open floor plan is designed for production lines, equipment staging, warehousing, and fleet operations. The durable steel and masonry construction supports heavy-duty use. Interior improvements include offices, restrooms, IT and storage rooms, and an upstairs office suite. The property has ceiling height, strong power infrastructure, and efficient circulation. It is located in a well-established industrial park with easy access to major corridors and ample parking. The property is available immediately.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Florida Supply & Cleaning ... Big Box & Wholesale Store Grey Owl Indian ... (Bike/Boat/Book/etc) Store Ikigai Gourmet Coffee Cafe & Coffee Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.066953
    Latitude
    29.213179

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    FAQs

    What type of property is this?
    Manufacturing property - 17,279 SF industrial space for lease in Daytona Beach.
    Where is this manufacturing property located?
    The property is located at 1640 Mason Avenue Daytona Beach, FL.
    What is the lease rate?
    The lease rate is $20,879.
    What are key features of this property?
    This property features: 17,279 SF clear‑span industrial facility suitable for various uses; Multiple oversized grade‑level roll‑up doors and wide truck court facilitate efficient loading/unloading; Durable steel/masonry construction and concrete flooring designed for heavy‑duty use
    (386) 679-5037
    We can help!
    Listing Contact
    Richard McNerney
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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