Daytona Beach Retail/Office
833 Mason Avenue, Daytona Beach, FL 32117
Freestanding 1,725 SF building on Mason Avenue for sale.
Type:Retail, Industrial
Property size:
1,725 SFPrice / SF:
$167/SF- Added:
- Jul 2, 2024
- Days on Market:
- 699
- Last Refresh:
- May 12 at 10:07 pm
Property Features for 833 Mason Avenue
General Information
- Standard status
- Active
- Size
- 1,725 SF
- Property subtype
- Retail, Industrial
Building Details
- Year Built
- 1959
Listing agent Daniel Lyonnais, CCIM
Listing office Adams Cameron & Co Daytona Beach
Listing date Jul 2, 2024
Source Crexi
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 Adams Cameron & Co Daytona Beach
HighLights
- High‑Traffic Location: Situated on busy Mason Ave with 18,300 AADT.
- Flexible BR‑1 Zoning: Allows for a wide range of uses including healthcare, retail, animal care, and more.
- Open Floor Plan: Provides flexibility for various business layouts.
- New AC: Recently installed air conditioning system.
- Functional Space: Includes office, backroom, and restroom.
- Free Standing Building: Offers independence and potential for signage.
Overview
This freestanding block building offers 1,725 square feet of space with an open floor plan. Situated on busy Mason Avenue, which sees an average annual daily traffic count of 18,300, the property includes an office area, backroom, restroom, and new air conditioning. Zoned BR-1, the property allows for a variety of uses, including health care, club or lodge, animal care, boat or marine parts and sales, retail sales, laundry or dry cleaners, and adult day care. A complete list of permitted uses is available.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.3k | $21.60 |
| − Vacancy | −$2.8k | −$1.62 |
| EGI | $34.5k | $19.98 |
| − OpEx | −$8.6k | −$5.00 |
| NOI | $25.8k | $14.99 |
1,725 SF · lease $21.60/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$369.3K
$323.1K – $430.8K
NOI $25,849 @ 7.0% cap · market cap 8.94%
Second Best
Flex RnD
$277.9K
$243.2K – $324.2K
NOI $19,452 @ 7.0% cap · market cap 6.73%
Theoretical Best
Office A
$508.6K
$445.1K – $593.4K
NOI $35,604 @ 7.0% cap · market cap 12.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Health Insurance Associates
Physician
Location Insight
- Map
- Local Demand
- City
- Daytona Beach
- County
- Volusia
- State
- Florida
- Longitude
- -81.0423497
- Latitude
- 29.2215766
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Freestanding 1,725 SF building on Mason Avenue for sale.
Where is this retail space located?
The property is located at 833 Mason Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: High‑Traffic Location: Situated on busy Mason Ave with 18,300 AADT.; Flexible BR‑1 Zoning: Allows for a wide range of uses including healthcare, retail, animal care, and more.; Open Floor Plan: Provides flexibility for various business layouts.
