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Property profile & analytics
FOR SALE
Gas stations

401 Mason Ave Daytona Beach, FL 32117

6,100 SF 0.58 ac lot Built 1972
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US18-0222889
Property summary
AI-generated overview

This exceptional value-add industrial property in Daytona Beach, Florida, presents a compelling investment opportunity. Located at 401 Mason Ave, Volusia County, zip code 32117 (APN 5338-08-00-0730), this property boasts a prime location with outstanding street visibility in a thriving industrial area. The property comprises two single-story buildings totaling 6,500 to 8,000 square feet, constructed in 1972, situated on a substantial 25,454 square foot lot. The buildings feature high ceilings, measuring 15 feet, and are currently occupied by a tire shop business that can vacate within 45 days' notice. The property is offered at an asking price of $950,000 and is classified as a multi-tenant, net lease industrial investment. The absence of loading docks may present opportunities for creative redevelopment or suit specific business needs. This property's strategic location and significant size make it ideal for a variety of manufacturing or auto-related businesses seeking a high-visibility presence in Daytona Beach. The current tenant's impending departure presents a unique chance to acquire a well-positioned asset with significant upside potential. The property's features and location offer a strong foundation for future growth and profitability.

Property profile
Verified
Property type Gas stations
Use group SERVICE STATION (FULL SERVICE)
Year built 1972
Construction WOOD
Total area 6,100 SF
Lot 0.58 ac (25,454 SF)
APN 5338-08-00-0730
UPID US18-0222889
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Mike's discount tires Auto Parts Store Discount Store
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Vasken Of Florida INC · 6 yrs held
Vasken Of Florida INC
since 2019
6 recorded transactions
2019
$100
2019
$100
2014
$180,000
2014
$100
2011
$100
2006
$750,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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