Daytona Beach Office/Retail
For Sale
Contact for pricing
600 Mason Ave, Daytona Beach, FL 32117
Office/Retail center for sale in Daytona Beach, Florida.
Property Size20,350 SF
Price / SF$179.36
Days on Market166
Property Features for 600 Mason Ave
General Information
Standard status
Active
Size
20,350 SF
Property subtype
Office, Retail
Zoning
PCD
Building Details
Year Built
2008
Stories
1
Units
6
Listing Agency:
SVN | Alliance Commercial Real Estate Advisors Ormond Beach
(386) 999-1762
Listed By:
Michael Baxter · License #SL3451680
Source:
Crexi
Added: Feb 25
Changed: Aug 8
Last Checked: Aug 8 at 2:54PM
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 SVN | Alliance Commercial Real Estate Advisors Ormond Beach
Investment Insights
Based on property information with market context.
This commercial property in Daytona Beach, Florida, is an office and retail center constructed of concrete-block. The property is suitable for an office or retail user seeking to occupy the vacant space while generating income from existing tenants. A new ten-year, NNN lease has been signed with a franchise veterinary clinic, alongside other long-term tenants. The property size is 20350 square feet.
Key Highlights
- Brand new ten year, NNN lease with franchise Veterinary Clinic.
- Office/Retail Center in Daytona Beach, FL.
- Ideal for owner‑occupier to collect income from existing tenants.
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
$304,945
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
8.35%
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%
$6,098,900
$6.1M
Cap Rate 7%
$4,356,357
$4.4M
Cap Rate 9%
$3,388,278
$3.4M
Market Conditions
NOI Build-Up for 20,350 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
$439.6K $21.60/SF
− Vacancy
−$33.0K −$1.62/SF
EGI
$406.6K $19.98/SF
− OpEx
−$101.6K −$5.00/SF
NOI
$304.9K $14.99/SF
Area
Volusia County, FL
Vacancy
7.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$6,098,900
Cap Rate 7%
$4,356,357
Cap Rate 9%
$3,388,278
Alternative Uses
Best Use
Office B
$4.36M
$3.81M – $5.08M
NOI $304,945 @ 7.0% cap · market cap 8.35%
Second Best
Retail
$2.74M
$2.40M – $3.19M
NOI $191,666 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$6.00M
$5.25M – $7.00M
NOI $420,024 @ 7.0% cap · market cap 11.51%
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
Under-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
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Frequently Asked Questions
What type of property is this?
Shopping center - Office/Retail center for sale in Daytona Beach, Florida.
Where is this shopping center located?
The property is located at 600 Mason Ave Daytona Beach, FL.
What is the asking price?
The asking price for this property is $3,650,000.
What are key features of this property?
This property features: Brand new ten year, NNN lease with franchise Veterinary Clinic.; Office/Retail Center in Daytona Beach, FL.; Ideal for owner‑occupier to collect income from existing tenants.
