New Warehouse in Edgewater,
2224 HIBISCUS Dr Edgewater, FL 32141
For Sale
$759,000
Pre-construction 4380 sq ft warehouse in thriving business district.
Property Size4,380 SF
Price / SF$173.29
Days on Market95
Property Features for 2224 HIBISCUS Dr
General Information
Standard status
Active
Size
4,380 SF
Property subtype
Industrial
Building Details
Year Built
2026
Listing Agency:
Collado Real Estate
(386) 690-2558
Listed By:
Bryan Disbrow · License #521363
(386) 690-2558
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 27 at 6:45AM
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 Collado Real Estate
Investment Insights
Based on property information with market context.
This pre-construction warehouse, with an estimated completion date of October 15, 2026, is located in the heart of a thriving business district in Edgewater, Florida. The new 4380 sq ft warehouse is situated on a spacious lot zoned B2, offering great potential to fulfill various business needs. The building features two 14 x 14 ft bay doors on the east front side, along with two entry doors and two exit doors on the west side. The interior boasts soaring 20+ ft walls with insulation membrane, providing multiple options for manufacturing and storage. Constructed to withstand winds up to 150 mph, the property prioritizes safety. There will be five public parking spots and ample room for employee parking. An in-ground sprinkler system will maintain the landscaping. The property offers easy ingress and egress for most vehicle types. The location has a Walk Score of 42, indicating car-dependence, and a Bike Score of 61, suggesting it is bikeable.
Key Highlights
- New 4380 sq ft warehouse in a thriving B2‑zoned commercial district.
- Estimated completion date of 10.15.2026.
- Two 14 x 14 ft bay doors and multiple entry/exit doors for easy access.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.6k | $9.96 |
| − Vacancy | −$2.2k | −$0.50 |
| EGI | $41.4k | $9.46 |
| − OpEx | −$6.2k | −$1.42 |
| NOI | $35.2k | $8.04 |
4,380 SF · lease $9.96/SF/yr · vacancy 5.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$503.2K
$440.3K – $587.1K
NOI $35,227 @ 7.0% cap · market cap 4.64%
Second Best
Industrial
$372.5K
$326.0K – $434.6K
NOI $26,076 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,403 @ 7.0% cap · market cap 11.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- A Storage 4 Less — 2424 Hibiscus Dr, Edgewater, FL 32141
- Self Storage Edgewater — 2424 hibiscus dr, edgewater, fl 32141
- Hibiscus Plaza & Storage — 2220 Hibiscus Dr #7, Edgewater, FL 32141
- Edgewater Self Storage — 2424 Hibiscus Dr, Edgewater, FL 32141
- Hibiscus Storage — 2220 hibiscus dr, edgewater, fl 32141
Frequently Asked Questions
What type of property is this?
Warehouse - Pre-construction 4380 sq ft warehouse in thriving business district.
Where is this warehouse located?
The property is located at 2224 HIBISCUS Dr Edgewater, FL.
What is the asking price?
The asking price for this property is $759,000.
What are key features of this property?
This property features: New 4380 sq ft warehouse in a thriving B2‑zoned commercial district.; Estimated completion date of 10.15.2026.; Two 14 x 14 ft bay doors and multiple entry/exit doors for easy access.
