BR-1 Flex Space
For Sale
Contact for pricing
169 Madison Avenue, Daytona Beach, FL 32114
BR-1 zoned flex space building sold as-is and vacant, with rear yard space suited for parking or secure storage.
Property Size2,976 SF
Price / SF$83.67
Days on Market100
Property Features for 169 Madison Avenue
General Information
Standard status
Active
Size
2,976 SF
Property subtype
Industrial, Office, Retail, Special Purpose
Zoning
BR-1
Building Details
Year Built
1949
Buildings
1
Building Size
2,976 SF
Listing Agency:
The Selby Group Inc
Listed By:
Debra Wingo
(321) 299-4168
Source:
Crexi
Added: Jul 23
Changed: Oct 25
Last Checked: Oct 28 at 5:59AM
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 The Selby Group Inc
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Investment Insights
Based on property information with market context.
This BR-1 zoned flex space building offers approximately 2,976 square feet and was built in 1949. The property has operated over time as a retail storefront, office space, and manufacturing/production warehouse, supporting a flexible commercial layout for different business concepts. The seller is removing all existing equipment, and the building will be conveyed vacant at closing.
The property is being sold as-is, with an opportunity for an investor, owner-user, or developer to redesign and customize the space to fit specific needs. In addition to the main building area, the rear yard provides potential for expanded parking, outdoor storage, or a secure equipment yard.
Zoning BR-1 permits a variety of commercial uses, including retail, health care, place of worship, and business office, among others, offering multiple paths for future occupancy.
The property is being sold as-is, with an opportunity for an investor, owner-user, or developer to redesign and customize the space to fit specific needs. In addition to the main building area, the rear yard provides potential for expanded parking, outdoor storage, or a secure equipment yard.
Zoning BR-1 permits a variety of commercial uses, including retail, health care, place of worship, and business office, among others, offering multiple paths for future occupancy.
Key Highlights
- Approximately 2,976 square feet flex space building built in 1949
- Zoned BR‑1 permitting a variety of commercial uses including retail and business office
- Sold as‑is and conveyed vacant at closing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,718
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,360
$354.4K
Cap Rate 7%
$253,114
$253.1K
Cap Rate 9%
$196,867
$196.9K
Market Conditions
NOI Build-Up for 2,976 SF
Gross rent
$26.8K $9.00/SF
− Vacancy
−$1.5K −$0.50/SF
EGI
$25.3K $8.50/SF
− OpEx
−$7.6K −$2.55/SF
NOI
$17.7K $5.95/SF
Area
Volusia County, FL
Vacancy
5.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,360
Cap Rate 7%
$253,114
Cap Rate 9%
$196,867
Alternative Uses
Best Use
Flex RnD
$479.4K
$419.5K – $559.3K
NOI $33,559 @ 7.0% cap · market cap 13.48%
Second Best
Warehouse
$341.9K
$299.2K – $398.9K
NOI $23,935 @ 7.0% cap · market cap 9.61%
Theoretical Best
Office A
$877.5K
$767.8K – $1.02M
NOI $61,425 @ 7.0% cap · market cap 24.67%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
948
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 32114, FL
34,943
Population
17,118
Households
2
Avg Household Size
33
Median Age
19%
College-Educated
89%
High-School Grad
16.0 sq mi
ZIP Area
2,184
Density / Sq Mi
$39,906
Median Household Income
$31,220
Median Earnings
$1,171
Median Rent
$174,900
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- RPS Catering — 258 Riverside Dr, Holly Hill, FL 32117
Frequently Asked Questions
What type of property is this?
Flex space - BR-1 zoned flex space building sold as-is and vacant, with rear yard space suited for parking or secure storage.
Where is this flex space located?
The property is located at 169 Madison Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Approximately 2,976 square feet flex space building built in 1949; Zoned BR‑1 permitting a variety of commercial uses including retail and business office; Sold as‑is and conveyed vacant at closing
