Office/Warehouse Space in
702 W PARK Ave A1, Edgewater, FL 32132
1600 SF office/warehouse combo, minutes from I-95 and US-1.
Type:Industrial
Property size:
1,600 SFPrice / SF:
$271/SF- Added:
- Apr 24, 2026
- Days on Market:
- 30
- Last Refresh:
- Apr 24 at 5:50 pm
Property Features for 702 W PARK Ave A1
General Information
- Standard status
- Active
- Size
- 1,600 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1985
Listing agent Chris Schwarz (386) 689-5171
Listing office White Whale Real Estate (386) 689-5171
Listing date Apr 24, 2026
Source Elliman
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
HighLights
- Prime location minutes from I‑95 and US‑1, near Edgewater Airport and a major industrial park.
- Office/warehouse combo with 800 sq ft of office space and 800 sq ft of warehouse space.
- Functional layout suitable for contractors, distribution, creative trades, or light assembly.
- Includes two private offices within the office space.
- Warehouse mezzanine for extra storage.
- Features two separate restrooms.
Overview
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. It is a well-maintained, functional space with proximity to key transportation routes and industrial partners in the heart of Edgewater’s business corridor. Automotive, painting, and furniture-related businesses are not permitted. The bike score is 55, indicating it is bikeable, and the walk score is 15, indicating car dependence.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$266.4K
NOI $23,976 @ 9.00% cap · cautious / downside scenario
Moderate
$342.5K
NOI $23,976 @ 7.00% cap · market / base-case scenario
Aggressive
$479.5K
NOI $23,976 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| 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 Use Scenarios
Best Use
Office B
$342.5K
$299.7K – $399.6K
NOI $23,976 @ 7.0% cap · market cap 5.52%
Second Best
Flex RnD
$257.7K
$225.5K – $300.7K
NOI $18,042 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$471.8K
$412.8K – $550.4K
NOI $33,024 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Hotel-Pak Gold Inc
Big Box & Wholesale Store
Location Insight
- Map
- Local Demand
- City
- Edgewater
- County
- Volusia
- State
- Florida
- Longitude
- -80.9172003
- Latitude
- 28.9879425
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - 1600 SF office/warehouse combo, minutes from I-95 and US-1.
Where is this flex space located?
The property is located at 702 W PARK Ave A1 Edgewater, FL.
What is the asking price?
The asking price for this property is $434,000.
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.; Office/warehouse combo with 800 sq ft of office space and 800 sq ft of warehouse space.; Functional layout suitable for contractors, distribution, creative trades, or light assembly.
