Daytona Beach Mixed-Use
For Sale
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526 Mason Avenue, Daytona Beach, FL 32117
Mixed-use property suitable for retail, office, and commercial purposes.
Property Size5,341 SF
Price / SF$135.74
Days on Market670
Property Features for 526 Mason Avenue
General Information
Standard status
Active
Size
5,341 SF
Property subtype
Mixed Use, Special Purpose, Retail, Hospitality, Industrial, Office, Land, Multifamily
Building Details
Year Built
1961
Listing Agency:
Ray Joy Realty LLC
(386) 401-1000
Listed By:
Ray Joy · License #FL
Source:
Crexi
Added: Oct 31, 2024
Changed: Aug 24
Last Checked: Aug 31 at 2:17AM
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 Ray Joy Realty LLC
Investment Insights
Based on property information with market context.
This mixed-use property in Daytona Beach, Florida, encompasses 5,341 square feet and is suitable for a wide range of retail sales and service uses. These include florists, jewelry stores, gift shops, department and variety stores, furniture stores, and home and building supply centers. The property also accommodates auto-oriented uses such as gas stations, vehicle repair and servicing, vehicle sales or rental, taxi or limousine service facilities, and drive-in or drive-through businesses. Furthermore, the location is suitable for adult uses, commercial docking facilities, multifamily residential development, and institutional uses, as well as limited commercial uses, generally as special uses.
Key Highlights
- Wide range of retail sales and service uses permitted, offering diverse business opportunities.
- Auto‑oriented uses such as gas stations and vehicle repair are allowed.
- Accommodates adult uses.
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
$65,975
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
9.10%
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%
$1,319,500
$1.3M
Cap Rate 7%
$942,500
$942.5K
Cap Rate 9%
$733,056
$733.1K
Market Conditions
NOI Build-Up for 5,341 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
$115.4K $21.60/SF
− Vacancy
−$9.8K −$1.84/SF
EGI
$105.6K $19.76/SF
− OpEx
−$39.6K −$7.41/SF
NOI
$66.0K $12.35/SF
Area
Volusia County, FL
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$1,319,500
Cap Rate 7%
$942,500
Cap Rate 9%
$733,056
Alternative Uses
Best Use
Office B
$1.14M
$1.00M – $1.33M
NOI $80,035 @ 7.0% cap · market cap 11.04%
Second Best
Mixed Use
$942.5K
$824.7K – $1.10M
NOI $65,975 @ 7.0% cap · market cap 9.10%
Theoretical Best
Office A
$1.57M
$1.38M – $1.84M
NOI $110,238 @ 7.0% cap · market cap 15.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
988
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property suitable for retail, office, and commercial purposes.
Where is this mixed-use property located?
The property is located at 526 Mason Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Wide range of retail sales and service uses permitted, offering diverse business opportunities.; Auto‑oriented uses such as gas stations and vehicle repair are allowed.; Accommodates adult uses.
