Concrete-Block Mixed-Use
For Sale
$3,650,000
600 Mason Ave Unit 120, Daytona Beach, FL 32117
Office and retail property with vacant space plus a new ten-year NNN veterinary clinic lease.
Property Size20,350 SF
Price / SF$179.36
Days on Market450
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Property Features for 600 Mason Ave Unit 120
General Information
Standard status
Active
Size
20,350 SF
Property subtype
Commercial
Additional Details
Anchor Co-Tenants
franchise Veterinary Clinic
Building Details
Year Built
2008
Construction
Concrete-Block
Tenancy
Multi
Listing Agency:
SVN Alliance Commercial Real Estate Advisors
Listed By:
Carl Lentz · License #3068067
(386) 310-7900
Source:
Findpalmcoasthouses
Added: Jul 23, 2025
Changed: Oct 1
Last Checked: Oct 14 at 11:03PM
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
Investment Insights
Based on property information with market context.
Built in 2008, this 20,350-square-foot mixed-use property combines office and retail space in a concrete-block center. The layout includes vacant area for an owner-user, while existing tenancy provides an operating income component.
A new ten-year NNN lease has been executed with a franchise veterinary clinic, and the property also includes other long-term tenants. The asset is located at 600 Mason Ave Unit 120 in Daytona Beach, Florida, 32117.
A new ten-year NNN lease has been executed with a franchise veterinary clinic, and the property also includes other long-term tenants. The asset is located at 600 Mason Ave Unit 120 in Daytona Beach, Florida, 32117.
Key Highlights
- 20,350‑square‑foot office and retail center
- Concrete‑block construction completed in 2008
- New ten‑year NNN lease with a franchise veterinary clinic
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$304,945
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
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
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 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
Mixed Use
$3.59M
$3.14M – $4.19M
NOI $251,373 @ 7.0% cap · market cap 6.89%
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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
932
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Office and retail property with vacant space plus a new ten-year NNN veterinary clinic lease.
Where is this mixed-use property located?
The property is located at 600 Mason Ave Unit 120 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: 20,350‑square‑foot office and retail center; Concrete‑block construction completed in 2008; New ten‑year NNN lease with a franchise veterinary clinic
