Building Details

Year Built 1953

Listing Agency: COMMERCIAL REAL ESTATE PROF IN

Listed By: Mark Allen · License #3246800 Show Phone

Source: Endlesssummerrealty

Added: Oct 28 Changed: Oct 30 Last Checked: Oct 30 at 2:52PM

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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 COMMERCIAL REAL ESTATE PROF IN

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Investment Insights

Based on property information with market context.

The automotive property occupies more than 2.4 acres in Daytona Beach. Renovation work has been completed, and the seller will remain under a 10-year NNN lease with 3 percent annual escalations.

Key Highlights

• More than 2.4 acres
• 10‑year seller leaseback on NNN terms
• 3 percent annual rent escalations

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$67,813

Cap Rate

5.77%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,356,260 $1.4M

Cap Rate 7%

$968,757 $968.8K

Cap Rate 9%

$753,478 $753.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,200 SF

Gross rent

$108.0K $15.00/SF

− Vacancy

−$11.1K −$1.55/SF

EGI

$96.9K $13.46/SF

− OpEx

−$29.1K −$4.04/SF

NOI

$67.8K $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 Rate 5%

$1,356,260

Cap Rate 7%

$968,757

Cap Rate 9%

$753,478

Alternative Uses

Best Use

Retail

$968.8K

$847.7K – $1.13M (±1% cap)

NOI $67,813 @ 7.0% cap · market cap 5.77%

Second Best

Industrial

$612.4K

$535.8K – $714.4K (±1% cap)

NOI $42,865 @ 7.0% cap · market cap 3.65%

Theoretical Best

Office A

$2.12M

$1.86M – $2.48M (±1% cap)

NOI $148,608 @ 7.0% cap · market cap 12.65%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Big L Tires ... Auto Repair Shop Infinity Tire Supplies (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Dental Office Pharmacy Skin Care Clinic Parking Lot & Garage Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

988

Businesses Nearby

86k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 53% Shops & Services 35% Home Improvements & Furnishings 11% Electronics 1%

McDonald's Dining

28,926 visits/mo 0.3 miles

7-Eleven Shops & Services

12,111 visits/mo 0.4 miles

Madden's Ace Hardware 3 Home Improvements & Furnishings

9,653 visits/mo 0.4 miles

Krystal Dining

7,644 visits/mo 0.3 miles

Little Caesars Pizza Dining

6,014 visits/mo 0.2 miles

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 Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Auto shop - A 10-year NNN leaseback includes annual rent escalations.

Where is this auto shop located?

The property is located at 556 MASON AVENUE Daytona Beach, FL.

What is the asking price?

The asking price for this property is $1,175,000.

What are key features of this property?

This property features: More than 2.4 acres; 10‑year seller leaseback on NNN terms; 3 percent annual rent escalations