8-Bay Auto
For Sale
$899,000
401 Mason Avenue, Daytona Beach, FL 32117
COMMERCIAL - Daytona Beach, FL
Property Size6,700 SF
Lot Size0.58 Acres
Price / SF$134.18
Days on Market1225
Property Features for 401 Mason Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Directions
International Speedway Blvd,Turn left onto N Nova Rd,Turn right onto FL-430 E/Mason Ave
Subdivision
34 - Daytona ISB to Mason, E of 95
Standard status
Active
APN
5338-08-00-0730
Size
6,700 SF
Lot size
0.58 Acres
Taxes and HOA fees
Tax Year
2022
Tax Description
LOTS 73 TO 76 INC RIDGEWOOD PARK KINGSTON INC PER OR 4170 PG 1877 PER OR 5857 PG 1622 PER OR 6660 PG 3555 PER OR 6998 PG 4635 PER OR 7006 PG 4850 PER OR 7715 PG 1487 PER OR 7776 PG 1360
Tax Annual Amount
5481
Legal Description
LOTS 73 TO 76 INC RIDGEWOOD PARK KINGSTON INC PER OR 4170 PG 1877 PER OR 5857 PG 1622 PER OR 6660 PG 3555 PER OR 6998 PG 4635 PER OR 7006 PG 4850 PER OR 7715 PG 1487 PER OR 7776 PG 1360
Building Details
Year built
1972
Listing Agency:
EXP Realty LLC
(386) 547-8586
Listed By:
Jennifer Withers · License #3301993
(386) 523-4683
Added: Apr 6, 2023
Changed: Aug 4
Last Checked: Aug 12 at 3:06PM
MLS# 1107766
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 1972 automotive facility contains approximately 6,700 square feet of interior space on a 0.58-acre corner lot. The building includes a front office area and eight automotive bays equipped with roll-up doors, supporting an established repair-shop layout. On-site parking is provided through a parking lot.
The property is located in Daytona Beach, Florida, and carries M-1 Local Industry zoning. It is currently leased under a triple-net structure, providing an existing occupancy arrangement for an automotive-oriented asset.
The property is located in Daytona Beach, Florida, and carries M-1 Local Industry zoning. It is currently leased under a triple-net structure, providing an existing occupancy arrangement for an automotive-oriented asset.
Key Highlights
- Approximately 6,700 square feet of interior space on 0.58 acres
- Eight automotive bays with roll‑up doors
- Front office space within the building
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
$63,104
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
7.02%
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%
$1,262,080
$1.3M
Cap Rate 7%
$901,486
$901.5K
Cap Rate 9%
$701,156
$701.2K
Market Conditions
NOI Build-Up for 6,700 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
$100.5K $15.00/SF
− Vacancy
−$10.4K −$1.55/SF
EGI
$90.1K $13.46/SF
− OpEx
−$27.0K −$4.04/SF
NOI
$63.1K $9.42/SF
Area
Volusia County, FL
Vacancy
10.30%
Lease Rate
$15.00 /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%
$1,262,080
Cap Rate 7%
$901,486
Cap Rate 9%
$701,156
Alternative Uses
Best Use
Office B
$1.43M
$1.26M – $1.67M
NOI $100,400 @ 7.0% cap · market cap 11.17%
Second Best
Retail
$901.5K
$788.8K – $1.05M
NOI $63,104 @ 7.0% cap · market cap 7.02%
Theoretical Best
Office A
$1.98M
$1.73M – $2.30M
NOI $138,288 @ 7.0% cap · market cap 15.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Service bays
Location Intelligence
Trade Area within ½ mile
1,050
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32117, FL
28,223
Population
14,392
Households
2
Avg Household Size
43
Median Age
21%
College-Educated
90%
High-School Grad
12.0 sq mi
ZIP Area
2,352
Density / Sq Mi
$52,132
Median Household Income
$32,189
Median Earnings
$1,392
Median Rent
$175,500
Median Home Value
Market
Vacancy Rate% for Office 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?
Auto shop - M-1-zoned automotive facility with office space, roll-up doors, and a corner-lot configuration.
Where is this auto shop located?
The property is located at 401 Mason Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Approximately 6,700 square feet of interior space on 0.58 acres; Eight automotive bays with roll‑up doors; Front office space within the building
