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 Market327
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
Listed By:
Carl W. Lentz IV, MBA, CCIM · License #FL #BK3068067
(386) 566-3726
Source:
Svn
Added: Nov 21, 2025
Changed: Oct 2
Last Checked: Oct 12 at 5:15PM
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 / Yr
$84,489
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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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.
