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

    4401 Us Highway 1 Edgewater, FL 32141

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contract
    $4,950,000

    Shovel-ready 42-acre waterfront community with development order.

    Lot size:
    41.90 Acres

    Property Features for 4401 Us Highway 1

    General Information

    Standard status
    Contract
    Lot size
    41.90 Acres

    We can help!

    Listing Contact
    Tracey Barlow
    Tracey Barlow
    Source: Corcoran

    Listing Agency: THE BARNETT GROUP, INC. Listing Agent: Tracey Barlow

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Waterfront Community Development Opportunity

    This 42-acre waterfront property is shovel-ready, featuring a complete Development Order. The parcel includes approximately 980 feet of direct frontage on the Indian River Intracoastal waterway, along with an additional 900 feet of side canal frontage. It is fully engineered and permitted for a 165-unit Manufactured Home community with a 55+ age restriction. Plans include boat storage and an opportunity for a bar, open to the public, on the water. Engineered site plans provide for 35% open space, with 6.61 acres designated as active and passive open space. An existing FDOT median cut is present at the center of the parcel. The location is within one hour of central Florida theme parks and minutes from the beach, immediately adjacent to the Mosquito Lagoon, known for inshore fishing. It is also located just minutes from I-95. The property is close to a grocery shopping plaza, and a multi-purpose trail in front of the parcel connects to the regional rails to trails statewide paved trail system. The Southeast Volusia area is known for shopping and restaurants.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Restaurant Big Box & Wholesale Store Auto Parts Store Food Market Accounting Firm Storage Facility Grocery & Convenience Store Garden Center Electrical Service Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Edgewater
    County
    Volusia
    State
    Florida
    Longitude
    -80.865807
    Latitude
    28.908873

    Nearby Similar for Sale

    • $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
    • New
      $465,000
      1,600 SF

      Edgewater Office/Warehouse Flex Space

      1600 SF office/warehouse combo in Edgewater, minutes from I-95.
      702 W Park Ave, Edgewater, FL 32132
      View Details
    • $465,000
      800 SF

      Edgewater Office/Warehouse Flex Space

      1600 SF office/warehouse combo near I-95 and US-1.
      702 W Park Ave, Edgewater, FL 32132
      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
    • New
      $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
    • New
      $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
    • $700,000

      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

    FAQs

    What type of property is this?
    Waterfront Land - Shovel-ready 42-acre waterfront community with development order.
    Where is this waterfront land located?
    The property is located at 4401 Us Highway 1 Edgewater, FL.
    What is the asking price?
    The asking price for this property is $4,950,000.
    What are key features of this property?
    This property features: - Shovel-ready 42-acre waterfront community with complete Development Order issued for 165 manufactured homes (55+ community).; - Boasts approximately 980 feet of direct Indian River Intracoastal waterway frontage and 900 feet of side canal frontage.; - Fully engineered and permitted site plans include boat storage and opportunity for a waterfront bar open to the public.
    (386) 566-3715
    Request Owner's contact information
    4401 Us Highway 1 Edgewater, FL 32141
    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.
    4401 Us Highway 1
    Edgewater, FL 32141
    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
    4401 Us Highway 1 Edgewater, FL 32141
    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
    Tracey Barlow
    Tracey Barlow
    Real Estate License ID: 3438904
    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!