Daytona Beach Industrial
For Sale
$1,600,000
517 Mason Ave, Daytona Beach, FL 32117
Two buildings totaling 10,505 SF on 1.17 acres.
Property Size10,505 SF
Days on Market282
Property Features for 517 Mason Ave
General Information
Standard status
Active
Size
10,505 SF
Property subtype
Industrial
Building Details
Building Size
10,505 SF
Year Built
1980
Listing Agency:
(386) 566-3726
Listed By:
Carl W. Lentz IV, MBA, CCIM · License #FL #BK3068067
(386) 566-3726
Source:
Svn
Added: Nov 21, 2025
Changed: Aug 26
Last Checked: Aug 29 at 7:14AM
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 Carl W. Lentz IV, MBA, CCIM
Investment Insights
Based on property information with market context.
This property features two buildings totaling 10,505 square feet situated on 1.17 acres. It is zoned M-1 and located in Daytona Beach. Building 1 includes 600 square feet currently leased by Avis since 2007, general offices, a production room, and warehouse space. Building 2 contains a supply room and paint booth. The property includes a total of 9 roll-up, grade-level doors. The yard is fully fenced and has access to a Mason lot to be split, eliminating Kingston access. It features 3-phase heavy power. The Avis lease is for 600 square feet at $3,952 per month plus $75 CAM and $230 for utilities, with NNNs estimated at $4.25 per square foot. The property is located on the south side of Mason Avenue, between US1 and Nova.
Key Highlights
- M‑1 Zoning in Daytona Beach offers a wide range of possibilities.
- Two buildings totaling 10,505 SF provide significant space.
- Existing lease with Avis (600 SF) provides immediate income.
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
$84,489
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
5.28%
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%
$1,689,780
$1.7M
Cap Rate 7%
$1,206,986
$1.2M
Cap Rate 9%
$938,767
$938.8K
Market Conditions
NOI Build-Up for 10,505 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
$104.6K $9.96/SF
− Vacancy
−$5.2K −$0.50/SF
EGI
$99.4K $9.46/SF
− OpEx
−$14.9K −$1.42/SF
NOI
$84.5K $8.04/SF
Area
Volusia County, FL
Vacancy
5.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
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%
$1,689,780
Cap Rate 7%
$1,206,986
Cap Rate 9%
$938,767
Alternative Uses
Best Use
Warehouse
$1.21M
$1.06M – $1.41M
NOI $84,489 @ 7.0% cap · market cap 5.28%
Second Best
Industrial
$893.5K
$781.8K – $1.04M
NOI $62,542 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$3.10M
$2.71M – $3.61M
NOI $216,823 @ 7.0% cap · market cap 13.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
932
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 Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- All Aboard Storage — 1025 Mason Ave, Daytona Beach, FL 32117
- All Aboard Business Park — George W Engram Blvd, Daytona Beach, FL 32114
- Budget Self Storage — 900 Mason Ave, Daytona Beach, FL 32117
- Food Solution Services — 520 N Beach St, Daytona Beach, FL 32114
- Madison Storage Company — 320 Madison Ave, Daytona Beach, FL 32114
Frequently Asked Questions
What type of property is this?
Warehouse - Two buildings totaling 10,505 SF on 1.17 acres.
Where is this warehouse located?
The property is located at 517 Mason Ave Daytona Beach, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: M‑1 Zoning in Daytona Beach offers a wide range of possibilities.; Two buildings totaling 10,505 SF provide significant space.; Existing lease with Avis (600 SF) provides immediate income.
