Office-Warehouse Flex
702 W Park Avenue Edgewater, FL 32132
For Sale
$415,000
COMMERCIAL - Edgewater, FL
Property Size1,600 SF
Lot Size0.01 Acres
Price / SF$259.38
Days on Market133
Property Features for 702 W Park Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Parking features
- Driveway
- Standard status
- Active
- APN
- 7452-19-02-00A1
- Size
- 1,600 SF
- Lot size
- 0.01 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- UNIT A1 BLDG 702 ATLANTIC INDUSTRIALS PROPERTIES CONDO PER OR 3214 PG 1213 PER OR 4789 PG 1362 PER OR 5732 PGS 0105-0107 INC PER OR 5732 PGS 0111-0113 INC PER OR 5748 PGS 4040-4042 INC PER OR 5903 PG 4592 PER OR 8106 PG 3266 PER OR 8106 PG 3270
- Tax Annual Amount
- 1875
Building Details
- Year built
- 1985
- Floors in Building
- 2
Listing Agency:
White Whale Real Estate
(386) 689-5171
Listed By:
Chris Schwarz
(386) 689-5171
Added: Mar 17
Changed: Jul 20
Last Checked: Jul 27 at 3:06AM
MLS# 1224211
Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This office-warehouse flex property includes approximately 800 square feet of office space with two private offices and two separate restrooms, along with approximately 800 square feet of warehouse area with high ceilings and a built-in mezzanine for additional storage. The configuration also includes upstairs admin space totaling approximately 1,200 square feet, supporting a flexible layout for day-to-day operations.
Located at 702 W Park Avenue in Edgewater, Florida, the property is described as being just minutes from I-95 and US-1, and near the Edgewater Airport (Massey Ranch) and a major industrial park. Access to the transportation routes and nearby industrial employment is positioned for service-based and logistics-oriented users.
The listing notes restrictions on automotive, painting, and furniture-related businesses. The property is presented as well-maintained and suited to contractor, distribution, creative trades, or light assembly operations, based on the described flexibility of the space.
Located at 702 W Park Avenue in Edgewater, Florida, the property is described as being just minutes from I-95 and US-1, and near the Edgewater Airport (Massey Ranch) and a major industrial park. Access to the transportation routes and nearby industrial employment is positioned for service-based and logistics-oriented users.
The listing notes restrictions on automotive, painting, and furniture-related businesses. The property is presented as well-maintained and suited to contractor, distribution, creative trades, or light assembly operations, based on the described flexibility of the space.
Key Highlights
- Excellent location: Minutes from I‑95 and US‑1, near Edgewater Airport and a major industrial park.
- 2,800 sq ft office/warehouse combo suitable for various businesses.
- 800 sq ft of warehouse space with high ceilings and a built‑in mezzanine.
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 | $34.6k | $21.60 |
| − Vacancy | −$2.6k | −$1.62 |
| EGI | $32.0k | $19.98 |
| − OpEx | −$8.0k | −$5.00 |
| NOI | $24.0k | $14.99 |
1,600 SF · lease $21.60/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$342.5K
$299.7K – $399.6K
NOI $23,976 @ 7.0% cap · market cap 5.78%
Second Best
Flex RnD
$257.7K
$225.5K – $300.7K
NOI $18,042 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$471.8K
$412.8K – $550.4K
NOI $33,024 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hotel-Pak Gold Inc
Big Box & Wholesale Store
FAQs
What type of property is this?
Flex space - Combination office and warehouse space with two private offices, restrooms, and a built-in mezzanine.
Where is this flex space located?
The property is located at 702 W Park Avenue Edgewater, FL.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Excellent location: Minutes from I‑95 and US‑1, near Edgewater Airport and a major industrial park.; 2,800 sq ft office/warehouse combo suitable for various businesses.; 800 sq ft of warehouse space with high ceilings and a built‑in mezzanine.
