Pre-Construction Industrial
For Sale
$1,700,000
415-415 Timaquan Trl, Edgewater, FL 32132
Pre-engineered metal building planned for construction at Parktowne Industrial Center, with a shared truck well.
Property Size14,080 SF
Price / SF$120.74
Days on Market582
Property Features for 415-415 Timaquan Trl
General Information
Standard status
Active
Size
14,080 SF
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$27,997
Listing Agency:
MASSEY PROPERTIES
(386) 427-3100
Listed By:
E Bliss Jamison · License #681179
(386) 566-4966
Source:
Exprealty
Added: Jan 30, 2025
Changed: Aug 21
Last Checked: Sep 4 at 12:46PM
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.
Pre-construction offering in Parktowne Industrial Center featuring a planned 14,080 square-foot pre-engineered metal building. The site plan includes this unit as one of four buildings, and the design includes a shared truck well for truck access. The building is listed to be completed in approximately 6 months, and the buyer will be able to customize the building for individual needs, including options such as adding cranes and office space.
The property is located between I-95 and US-1 and is described as 3.5 miles from an I-95 interchange.
Two other buildings are also available within the same four-building site plan, with sizes of 14,080 square feet and 16,000 square feet, both also offering shared truck wells.
The property is located between I-95 and US-1 and is described as 3.5 miles from an I-95 interchange.
Two other buildings are also available within the same four-building site plan, with sizes of 14,080 square feet and 16,000 square feet, both also offering shared truck wells.
Key Highlights
- Pre‑construction pre‑engineered metal building planned for Parktowne Industrial Center
- Building size: 14,080 sq. ft. (one of 4 buildings in the site plan)
- Shared truck well included; two other buildings on the plan also available (14,080 sq. ft. and 16,000 sq. ft.)
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
Flex RnD
$2.27M
$1.98M – $2.65M
NOI $158,773 @ 7.0% cap · market cap 9.34%
Second Best
Warehouse
$1.62M
$1.42M – $1.89M
NOI $113,241 @ 7.0% cap · market cap 6.66%
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
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
348
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Pre-engineered metal building planned for construction at Parktowne Industrial Center, with a shared truck well.
Where is this flex space located?
The property is located at 415-415 Timaquan Trl 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 pre‑engineered metal building planned for Parktowne Industrial Center; Building size: 14,080 sq. ft. (one of 4 buildings in the site plan); Shared truck well included; two other buildings on the plan also available (14,080 sq. ft. and 16,000 sq. ft.)
