New Industrial Building with
For Sale
$1,700,000
415 Timaquan Trl Unit 415, Edgewater, FL 32132
Pre-construction 14,080 sq ft industrial building with customization options.
Property Size14,080 SF
Price / SF$120.74
Days on Market308
Property Features for 415 Timaquan Trl Unit 415
General Information
Standard status
Active
Size
14,080 SF
Building Details
Year Built
2009
Listing Agency:
MASSEY PROPERTIES
Listed By:
E Bliss Jamison · License #681179
(386) 427-3100
Source:
Livewelltampabay
Added: Nov 27, 2025
Changed: Sep 19
Last Checked: Oct 1 at 2:28PM
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 MASSEY PROPERTIES
Investment Insights
Based on property information with market context.
This is a pre-construction, to-be-built 14,080 sq. ft. pre-engineered metal building located in Parktowne Industrial Center, which is part of the largest contiguously industrially zoned area in Volusia County. The building includes a shared truck well. Construction can be completed in 6 months. The buyer has the opportunity to customize the building to suit individual needs, including the addition of cranes or office space. This building is part of a four-building site plan. Two other buildings are also available, offering areas of 14,080 sq. ft. and 16,000 sq. ft., each with shared truck wells. The property is situated between I-95 and US-1, approximately 3.5 miles from the I-95 interchange. The property is intended for manufacturing, industrial, or warehouse use.
Key Highlights
- Pre‑Construction: Customizable 14,080 sq. ft. metal building, completed in 6 months.
- Located in Parktowne Industrial Center, the largest industrially zoned area in Volusia County.
- Convenient access: Situated between I‑95 and US‑1, only 3.5 miles from I‑95.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$113,241
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,264,820
$2.3M
Cap Rate 7%
$1,617,729
$1.6M
Cap Rate 9%
$1,258,233
$1.3M
Market Conditions
NOI Build-Up for 14,080 SF
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.
Gross rent
$140.2K $9.96/SF
− Vacancy
−$7.0K −$0.50/SF
EGI
$133.2K $9.46/SF
− OpEx
−$20.0K −$1.42/SF
NOI
$113.2K $8.04/SF
Area
Volusia County, FL
Vacancy
5.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,264,820
Cap Rate 7%
$1,617,729
Cap Rate 9%
$1,258,233
Alternative Uses
Best Use
Warehouse
$1.62M
$1.42M – $1.89M
NOI $113,241 @ 7.0% cap · market cap 6.66%
Second Best
Industrial
$1.20M
$1.05M – $1.40M
NOI $83,825 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$4.15M
$3.63M – $4.84M
NOI $290,611 @ 7.0% cap · market cap 17.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
348
Businesses Nearby
Explore this area
Business Placement
Demographics for 32132, FL
8,189
Population
4,266
Households
1.9
Avg Household Size
52
Median Age
19%
College-Educated
93%
High-School Grad
7.0 sq mi
ZIP Area
1,170
Density / Sq Mi
$53,860
Median Household Income
$34,816
Median Earnings
$1,316
Median Rent
$234,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Pre-construction 14,080 sq ft industrial building with customization options.
Where is this manufacturing property located?
The property is located at 415 Timaquan Trl Unit 415 Edgewater, FL.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Pre‑Construction: Customizable 14,080 sq. ft. metal building, completed in 6 months.; Located in Parktowne Industrial Center, the largest industrially zoned area in Volusia County.; Convenient access: Situated between I‑95 and US‑1, only 3.5 miles from I‑95.
