Industrial Property with Warehouse Space

301/191 Mango Tree Drive Edgewater, FL 32132

Claim this Listing
For Sale
$2,425,000

Light industrial property with warehouse, offices, and expansion potential.

Type:General Commercial
Property size:
15,000 SF
Lot size:
3.00 Acres
Price / SF:
$161/SF
Added:
Mar 13, 2020
Days on Market:
2312
Last Refresh:
May 12 at 8:56 pm

Property Features for 301/191 Mango Tree Drive

General Information

Standard status
Active
Size
15,000 SF
Lot size
3.00 Acres
Property subtype
General Commercial

Building Details

Year Built
1980

Listing office WHITE WHALE REAL ESTATE

Listing date Mar 13, 2020

Source Xome

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 WHITE WHALE REAL ESTATE


Investment Insights

Based on property information with market context.

This offering includes two separate properties being sold together, presenting significant potential. The property is zoned for light industrial use and encompasses approximately 3 acres. It features around 15,000 square feet of warehouse space, accompanied by 18 parking spaces. The improvements include 7 updated offices, a conference room, and a common area currently utilized as a showroom. There are 2 full and 2 half bathrooms. Newer HVAC and water heater systems are in place, along with auto LED lighting. The warehouse is equipped with 11 overhead doors and 2 back-in loading docks. The property's size and zoning could accommodate an additional building of 20,000 square feet or more, or outside storage. The current flooring distributor operation indicates the building's suitability for similar businesses and its proximity to Interstate 95. The property is located in a rapidly growing industrial area of Edgewater, FL.

Key Highlights

  • Light Industrial Zoning on ~3 Acres with Potential for Expansion (20,000+ SF or outside storage).
  • ~15,000 SF of Warehouse Space with 11 Overhead Doors and 2 Loading Docks.
  • Features 7 Updated Offices, Conference Room, and Showroom.

Local Financial Insights For Retail

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 $225.0k $15.00
− Vacancy −$23.2k −$1.55
EGI $201.8k $13.46
− OpEx −$60.5k −$4.04
NOI $141.3k $9.42
15,000 SF · lease $15.00/SF/yr · vacancy 10.30% · expense 30.00%

Alternative Uses

Best Use
Office B
$3.21M
$2.81M – $3.75M (±1% cap)
NOI $224,775 @ 7.0% cap · market cap 9.27%
Second Best
Retail
$2.02M
$1.77M – $2.35M (±1% cap)
NOI $141,278 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$4.42M
$3.87M – $5.16M (±1% cap)
NOI $309,600 @ 7.0% cap · market cap 12.77%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Office Units

Suggested Use

Real Estate Agency Dental Office Restaurant Law Firm Hair Salon Nail Salon Pharmacy Auto Parts Store Big Box & Wholesale Store Electrical Service

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

Similar Off Market Nearby

  • Park Center Storage — 1945 W Park Ave, Edgewater, FL 32132
  • Barracuda Boat & RV Storage Edgewater — 412 W Park Ave, Edgewater, FL 32132
  • Saver Self Storage — 333 W Marion Ave Unit 10, Edgewater, FL 32132
  • Convenient Toy Storage — 117 N Flagler Ave, Edgewater, FL 32132
  • Park Place Boat & RV Storage — 131 Park Ave, Edgewater, FL 32132

FAQs

What type of property is this?
Warehouse - Light industrial property with warehouse, offices, and expansion potential.
Where is this warehouse located?
The property is located at 301/191 Mango Tree Drive Edgewater, FL.
What is the asking price?
The asking price for this property is $2,425,000.
What are key features of this property?
This property features: Light Industrial Zoning on ~3 Acres with Potential for Expansion (20,000+ SF or outside storage).; ~15,000 SF of Warehouse Space with **11 Overhead Doors and 2 Loading Docks.**; Features **7 Updated Offices, Conference Room, and Showroom.**
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