Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    702 W Park Ave Edgewater, FL 32132

    View on Map
    Sponsored
    For Sale
    $450,000

    Industrial - EDGEWATER, FL

    Type:Industrial
    Property size:
    800 SF
    Lot size:
    0.02 Acres
    Days on Market:
    6
    Last Refresh:
    Mar 28 at 3:06 am

    Property Features for 702 W Park Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Industrial
    Standard status
    Active
    APN
    7452-19-02-00A1
    Size
    800 SF
    Lot size
    0.02 Acres

    Building Details

    Year built
    1985
    Building materials
    Frame, Metal Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Chris Schwarz
    Chris Schwarz

    White Whale Real Estate

    Listing agent Chris Schwarz License #3216401

    Listing date Mar 23, 2026

    MLS# NS1087234 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Functional Office/Warehouse in Edgewater

    This 1,600 sq ft office/warehouse combo in Edgewater offers functionality and a convenient location. Situated minutes from I-95 and US-1, near the Edgewater Airport (Massey Ranch) and a major industrial park, this property is ideally positioned for service-based or logistics operations. The building features 800 sq ft of clean office space with two private offices and two separate restrooms, along with 800 sq ft of warehouse space with high ceilings and a built-in mezzanine for extra storage. The flexible layout is ideal for contractors, distribution, creative trades, or light assembly. This well-maintained, functional space offers proximity to key transportation routes and industrial partners in the heart of Edgewater’s business corridor. Please note that automotive, painting, and furniture-related businesses are not permitted. The property is located at 702 W PARK AVENUE, EDGEWATER, FL 32132, in Volusia County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hotel-Pak Gold Inc Big Box & Wholesale Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Edgewater
    County
    Volusia
    State
    Florida
    Longitude
    -80.917126
    Latitude
    28.987531

    Nearby Similar for Sale

    • New
      $450,000
      1,600 SF

      Edgewater Office/Warehouse Flex Space

      2800 SF office/warehouse combo, minutes from I-95 and US-1.
      702 W Park Ave, Edgewater, FL 32132
      View Details
    • $700,000
      0.23 Acres

      Turnkey Auto Repair Opportunity

      Established auto body business and real estate in Edgewater, Florida.
      2012 Guava Dr, Edgewater, FL 32141
      View Details
    • $689,900
      4,000 SF

      New Warehouse in Thriving District

      Pre-construction warehouse in Edgewater, Florida with high potential.
      2224 Hibiscus Dr, Edgewater, FL 32141
      View Details
    • $689,900
      4,080 SF

      New Warehouse in Thriving District

      Pre-construction warehouse with high ceilings and multiple access points.
      2224 Hibiscus Dr, Edgewater, FL 32141
      View Details
    • $565,000
      2,716 SF

      New Edgewater Duplex Investment Opportunity

      New duplex in Edgewater with strong income potential.
      2419 India Palm Dr, Edgewater, FL 32141
      View Details
    • $565,000
      2,717 SF

      New Edgewater Duplex with Income

      New duplex in Edgewater, Florida with strong income potential.
      2419 India Palm Dr, Edgewater, FL 32141
      View Details
    • $375,000
      1,616 SF

      Edgewater Duplex: Investment Opportunity

      Full duplex in Edgewater, great for investors or multi-generational living.
      1930 Fern Palm Dr, Edgewater, FL 32141
      View Details
    • Contact for pricing

      Turnkey Auto Repair Opportunity

      Established auto body business and real estate for sale.
      2012 Guava Dr, Edgewater, FL 32141
      View Details
    • $650,000
      4,900 SF

      Versatile Commercial Building with New Roof

      Sturdy 4900 SF commercial building with flexible space.
      2532 Hibiscus Dr, Edgewater, FL 32141
      View Details
    • $799,000

      Edgewater Landmark Restaurant Opportunity

      Turnkey restaurant with equipment and parking in high-traffic area.
      2100 S Ridgewood Ave, Edgewater, FL 32141
      View Details
    • $165,000

      Adaptable Warehouse/Office Unit in Edgewater

      Versatile warehouse/office unit in Edgewater's B-2 Business District.
      2417 Guava Dr, Edgewater, FL 32141
      View Details
    • $1,200,000

      Edgewater Office/Warehouse Investment Opportunity

      Office/warehouse space in growing Edgewater, suitable for investors or owner-users.
      328 N Ridgewood Ave, Edgewater, FL 32132
      View Details

    FAQs

    What type of property is this?
    Flex space - Well-located 1,600 SF office/warehouse combo near I-95 and US-1.
    Where is this flex space located?
    The property is located at 702 W Park Ave Edgewater, FL.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Prime Location: Minutes from I-95 and US-1, near Edgewater Airport and a major industrial park.; - Functional Office/Warehouse Combo: **1,600 sq ft with 800 sq ft of office space and 800 sq ft of warehouse space.**; - Flexible Layout: Suitable for contractors, distribution, creative trades, or light assembly.
    (386) 689-5171
    Request Owner's contact information
    702 W Park Ave Edgewater, FL 32132
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    702 W Park Ave
    Edgewater, FL 32132
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    702 W Park Ave Edgewater, FL 32132
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Chris Schwarz
    Chris Schwarz
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!