Adaptable Warehouse/Storage/Office
For Sale
$150,000
1-2417 Guava Dr, Edgewater, FL 32141
Versatile 600 sqft unit in Edgewater's B-2 Business District.
Property Size600 SF
Price / SF$250
Days on Market610
Property Features for 1-2417 Guava Dr
General Information
Standard status
Active
Size
600 SF
Taxes and HOA fees
Annual Taxes
$816
Listing Agency:
OCEAN PROPERTIES & MANAGEMENT
(386) 428-0975
Listed By:
Kelley DeSoto · License #3012908
(386) 527-2412
Source:
Exprealty
Added: Feb 7, 2025
Changed: Sep 10
Last Checked: Oct 10 at 12:25AM
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 OCEAN PROPERTIES & MANAGEMENT
Investment Insights
Based on property information with market context.
This adaptable 600 square foot warehouse/storage/office unit is situated in Edgewater’s B-2 Business District. The unit features a 20’ x 30’ open area with a 9-foot ceiling. It is equipped with an in-wall air conditioning and heating unit. A private restroom is included for added convenience. The unit features both a roll-up garage door and a standard walkthrough door. Recently painted walls and resilient epoxy flooring provide a clean, professional look. The unit has 100-amp power service with separate power and water meters. It is situated on a paved street with a smooth driveway. The unit benefits from additional access and expanded use of the rear property as an end unit. The metal roof was installed in 2018. The unit is suited for entrepreneurs, business owners, or anyone in need of secure, versatile space.
Key Highlights
- Adaptable warehouse/storage/office unit in Edgewater’s B‑2 Business District.
- Spacious 20’ x 30’ open area with a 9‑foot ceiling.
- Easy Access: Features a roll‑up garage door and standard walkthrough door.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,766
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$135,320
$135.3K
Cap Rate 7%
$96,657
$96.7K
Cap Rate 9%
$75,178
$75.2K
Market Conditions
NOI Build-Up for 600 SF
Gross rent
$11.4K $18.96/SF
− Vacancy
−$967 −$1.61/SF
EGI
$10.4K $17.35/SF
− OpEx
−$3.6K −$6.07/SF
NOI
$6.8K $11.28/SF
Area
Volusia County, FL
Vacancy
8.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$135,320
Cap Rate 7%
$96,657
Cap Rate 9%
$75,178
Alternative Uses
Best Use
Flex RnD
$96.7K
$84.6K – $112.8K
NOI $6,766 @ 7.0% cap · market cap 4.51%
Second Best
Industrial
$51.0K
$44.7K – $59.5K
NOI $3,572 @ 7.0% cap · market cap 2.38%
Theoretical Best
Office A
$176.9K
$154.8K – $206.4K
NOI $12,384 @ 7.0% cap · market cap 8.26%
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
389
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32141, FL
17,955
Population
9,400
Households
1.9
Avg Household Size
54
Median Age
23%
College-Educated
93%
High-School Grad
23.6 sq mi
ZIP Area
761
Density / Sq Mi
$61,110
Median Household Income
$37,874
Median Earnings
$1,481
Median Rent
$244,000
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
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Similar Off Market Nearby
- Laubster's Catering — 2102 S Ridgewood Ave #21, Edgewater, FL 32141
Frequently Asked Questions
What type of property is this?
Flex space - Versatile 600 sqft unit in Edgewater's B-2 Business District.
Where is this flex space located?
The property is located at 1-2417 Guava Dr Edgewater, FL.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Adaptable warehouse/storage/office unit in Edgewater’s B‑2 Business District.; Spacious 20’ x 30’ open area with a 9‑foot ceiling.; Easy Access: Features a roll‑up garage door and standard walkthrough door.
