Daytona Beach Office
1360 Mason Avenue, Daytona Beach, FL 32117
7020 sq ft office building in central Daytona Beach.
Type:Office
Property size:
7,020 SFPrice / SF:
$178/SF- Added:
- Aug 10, 2020
- Days on Market:
- 2123
- Last Refresh:
- May 19 at 10:13 pm
Property Features for 1360 Mason Avenue
General Information
- Standard status
- Active
- Size
- 7,020 SF
- Property subtype
- Office
Building Details
- Year Built
- 1987
Listing agent George Hanna
Listing office Home Wise Realty Group Inc
Listing date Aug 10, 2020
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 Home Wise Realty Group Inc
HighLights
- 7020 Sq.Ft building in a central Daytona Beach location with high visibility.
- Subdivided into 3 suites, each 2340 Sq Ft.
- Located in a commercial corridor, close to Mason and Clyde Morris intersection.
- Permitted uses include professional office, telecommunication facility, school, place of worship, and healthcare facilities.
- Ample parking spaces available on the side and back of the building.
- Proximity to Halifax Hospital (1 mile), the beach (3.5 miles), and I‑95 (6 miles).
Overview
This 7020-square-foot building, located in a commercial corridor in Daytona Beach, is subdivided into three suites, each measuring 2340 square feet. It is situated a block from the corner of Mason Avenue and Clyde Morris, approximately one mile from Halifax Hospital, 3.5 miles from the beach, and six miles from I-95. Permitted uses within the RP zone include professional offices, telecommunication facilities, schools, places of worship, drug or alcohol treatment facilities, and nursing home facilities. The property includes parking spaces on the side and at the back of the building.
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 | $151.6k | $21.60 |
| − Vacancy | −$11.4k | −$1.62 |
| EGI | $140.3k | $19.98 |
| − OpEx | −$35.1k | −$5.00 |
| NOI | $105.2k | $14.99 |
7,020 SF · lease $21.60/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.50M
$1.31M – $1.75M
NOI $105,195 @ 7.0% cap · market cap 8.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.07M
$1.81M – $2.41M
NOI $144,893 @ 7.0% cap · market cap 11.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Newair Homecare Inc
Home Health Care Service
Wahba W. Wahba, ...
Physician
Mayhugh's Medical Equipment
Production Facility
Dr. Cynthia C. ...
Pediatrician
Birth Control Center ...
Medical Clinic
Location Insight
- Map
- Local Demand
- City
- Daytona Beach
- County
- Volusia
- State
- Florida
- Longitude
- -81.0612447
- Latitude
- 29.2140643
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - 7020 sq ft office building in central Daytona Beach.
Where is this office building located?
The property is located at 1360 Mason Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 7020 Sq.Ft building in a central Daytona Beach location with high visibility.; Subdivided into 3 suites, each 2340 Sq Ft.; Located in a commercial corridor, close to Mason and Clyde Morris intersection.
