Property profile

2724 Hibiscus Dr Edgewater, FL 32141

FOR LEASE
Warehouses
Property ID
US18-0543778
3,180 SF 0.62 ac lot Built 1982
Individually Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1,540-square-foot warehouse unit at 2724 Hibiscus Drive #A&B presents a fantastic opportunity for businesses seeking versatile space in a prime Edgewater location. The property, situated on a 0.62-acre lot (APN 8402-01-06-7890), is ideal for contractors, small businesses, or individuals requiring secure storage or workspace. The single-tenant building offers convenient features including a pass-through, an electronic lock on the door, and a large garage door for efficient loading and unloading. Security is enhanced by its location within a fully fenced and gated area, accessed via an electronic gate. A clean community restroom adds to the convenience. The property's classification encompasses industrial, retail, land, office, and special purpose uses, reflecting its adaptability. Its warehouse subtype is further specified as including commercial, traditional office, distribution, manufacturing, automotive repair, construction/contractor, and self-storage uses. The strategic Edgewater location provides easy access to major roadways and local amenities, making it an attractive option for a variety of businesses. Don't miss this chance to secure this well-maintained property.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1982
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,180 SF
Lot 0.62 ac (26,880 SF)
Zoning code B2
APN 8402-01-06-7890
UPID US18-0543778

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • General Contractor Construction Company
  • Car Dealership

Location

2724 Hibiscus Dr Edgewater, FL 32141
Edgewater metro Census 83006 DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

since 2024
Last sale
$523,000
4 recorded transactions
2024
$523,000
2018
$150,000
2004
$220,000
2001
$100,000

Zoning & alternative use

B2 · Edgewater, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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