Mixed-Use Flex
169 Madison Avenue Daytona Beach, FL 32114
New
For Sale
$299,000
COMMERCIAL - Daytona Beach, FL
Property Size2,976 SF
Lot Size0.17 Acres
Price / SF$100.47
Days on Market5
Property Features for 169 Madison Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- On Street
- Security features
- Security System
- Fencing
- Chain Link
- Standard status
- Active
- APN
- 5338-07-00-0110
- Size
- 2,976 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 38-15-33 W 41.4 FT OF N 100 FT OF LOT 11 & S 50 FT OF N 100 FT OF E 8.6 FT OF LOT 11 & S 50 FT OF N 100 FT OF LOT 12 & OF W 10 FT OF LOT 13 TANGLEWOOD COURT MB 5 PG 185 MB 18 PG 42 PER OR 4428 PG 3284 PER OR 6492 PG 0504 PER OR 6530 PG 1095 PER OR 6530 PG
- Tax Annual Amount
- 2635
Utilities
- Utilities
- Water Available
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1949
- Floors in Building
- 1
- Building materials
- Block
Listing Agency:
The Selby Group Inc
(386) 439-3159
Listed By:
Debra Wingo
3864393159x1
Added: Jul 22
Changed: Jul 25
Last Checked: Jul 26 at 3:06AM
MLS# 1229008
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.
Investment Insights
Based on property information with market context.
This for-sale commercial building totals approximately 2,976 square feet and has been maintained within the same family since its original development. Over time, it has functioned as a retail storefront, office space, and manufacturing/production warehouse, supporting flexible layout potential for a range of commercial uses. The property is being sold As-Is, and the seller is removing all existing equipment, with the building conveyed vacant at closing.
Zoned BR-1, the property permits a variety of uses, including retail, health care, place of worship, and business office, among others. The rear yard area includes space that may support expanded parking, outdoor storage, or a secure equipment yard, depending on the buyer’s intended plan.
The lot size is 0.17 acres, and the building is located at 169 Madison Avenue in Daytona Beach, Florida 32114.
Zoned BR-1, the property permits a variety of uses, including retail, health care, place of worship, and business office, among others. The rear yard area includes space that may support expanded parking, outdoor storage, or a secure equipment yard, depending on the buyer’s intended plan.
The lot size is 0.17 acres, and the building is located at 169 Madison Avenue in Daytona Beach, Florida 32114.
Key Highlights
- Approximately 2,976 SF commercial building with flexible past uses including retail, office, and manufacturing/production warehouse
- Zoned BR‑1 with permits for a variety of commercial uses including retail, health care, place of worship, and business office
- Block construction; central heating and central air
Financial Insights For Industrial
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 | $26.8k | $9.00 |
| − Vacancy | −$1.5k | −$0.50 |
| EGI | $25.3k | $8.50 |
| − OpEx | −$7.6k | −$2.55 |
| NOI | $17.7k | $5.95 |
2,976 SF · lease $9.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$479.4K
$419.5K – $559.3K
NOI $33,559 @ 7.0% cap · market cap 11.22%
Second Best
Industrial
$253.1K
$221.5K – $295.3K
NOI $17,718 @ 7.0% cap · market cap 5.93%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar Off Market Nearby
- RPS Catering — 258 Riverside Dr, Holly Hill, FL 32117
FAQs
What type of property is this?
Flex space - Versatile flex-style building offering retail, office, and manufacturing/production warehouse capabilities, conveyed vacant As-Is.
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 SF commercial building with flexible past uses including retail, office, and manufacturing/production warehouse; Zoned BR‑1 with permits for a variety of commercial uses including retail, health care, place of worship, and business office; Block construction; central heating and central air
