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$100.47
Days on Market9
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
(321) 299-4168
Listed By:
Debra Wingo
Source:
Crexi
Added: Jul 23
Changed: Jul 30
Last Checked: Jul 31 at 1:18PM
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
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 For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.6k | $9.96 |
| − Vacancy | −$1.5k | −$0.50 |
| EGI | $28.2k | $9.46 |
| − OpEx | −$4.2k | −$1.42 |
| NOI | $23.9k | $8.04 |
2,976 SF · lease $9.96/SF/yr · vacancy 5.00% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$479.4K
$419.5K – $559.3K
NOI $33,559 @ 7.0% cap · market cap 11.22%
Second Best
Retail
$400.4K
$350.4K – $467.2K
NOI $28,029 @ 7.0% cap · market cap 9.37%
Theoretical Best
Office A
$877.5K
$767.8K – $1.02M
NOI $61,425 @ 7.0% cap · market cap 20.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
859
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
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 - 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 $299,000.
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
