Flex Space with Rear
For Sale
$249,000
169 Madison Avenue, Daytona Beach, FL 32114
Commercial Sale, Daytona Beach, FL
Property Size2,976 SF
Lot Size0.17 Acres
Price / SF$83.67
Days on Market100
Property Features for 169 Madison Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
On Street
Security features
Security System
Fencing
Chain Link
Subdivision
Tanglewood Court
Lot features
Corner Lot, Zero Lot Line
Directions
From Ridgewood go E on Madison 1 block to property on right.
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
Legal 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
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1949
Floors in Building
1
Building materials
Block
Buildings
1
Listing Agency:
The Selby Group Inc
(386) 439-3159
Listed By:
Debra Wingo
3864393159x1
Added: Jul 22
Changed: Oct 27
Last Checked: Oct 29 at 3:06PM
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.
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Investment Insights
Based on property information with market context.
This 2,976-square-foot flex property occupies a 0.17-acre site at 169 Madison Avenue in Daytona Beach. Built in 1949 with block construction, the building has previously accommodated retail, office, and manufacturing or production functions. The property is offered as-is and is expected to convey vacant at closing, allowing the next owner to reconfigure the interior for its intended use.
BR-1 zoning permits retail, health care, places of worship, business offices, and other commercial uses. A rear yard provides additional site area for parking expansion, outdoor storage, or equipment storage. The property includes central air conditioning, electric and central heating, public water, public sewer, a chain-link fence, and on-street parking.
BR-1 zoning permits retail, health care, places of worship, business offices, and other commercial uses. A rear yard provides additional site area for parking expansion, outdoor storage, or equipment storage. The property includes central air conditioning, electric and central heating, public water, public sewer, a chain-link fence, and on-street parking.
Key Highlights
- 2,976‑square‑foot flex building on a 0.17‑acre site
- BR‑1 zoning permits retail, health care, places of worship, and business offices
- Prior commercial functions included retail, office, and manufacturing or production space
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
Retail
$400.4K
$350.4K – $467.2K
NOI $28,029 @ 7.0% cap · market cap 11.26%
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
948
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 zoning supports retail, health care, worship, and office uses.
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: 2,976‑square‑foot flex building on a 0.17‑acre site; BR‑1 zoning permits retail, health care, places of worship, and business offices; Prior commercial functions included retail, office, and manufacturing or production space
