Mixed-Use Flex
For Sale
$299,000
169 Madison Avenue, Daytona Beach, FL 32114
COMMERCIAL - Daytona Beach, FL
Property Size2,976 SF
Lot Size0.17 Acres
Price / SF$100.47
Days on Market23
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
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: Aug 4
Last Checked: Aug 13 at 9:06AM
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
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,718
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 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 authorities.
Property Analytics
Property Profile
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
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
