Warehouse with Oversized Bay
2224 Hibiscus Drive, Edgewater, FL 32141
For Sale
$769,000
Commercial Sale, Edgewater, FL
Property Size4,360 SF
Lot Size0.31 Acres
Price / SF$175.57
Days on Market283
Property Features for 2224 Hibiscus Drive
General Information
Property type
Property subtype
Zoning description
Bathrooms
Full bathrooms
Rooms
Parking features
Security features
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
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Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Collado Real Estate
(386) 427-0002
Listed By:
Bryan Disbrow · License FL #521363
(386) 690-2558
Added: Feb 3
Changed: Nov 4
Last Checked: Nov 12 at 7:06AM
MLS# 1222596
Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The planned warehouse will occupy a 0.31-acre parcel and include a concrete floor, metal siding, and a metal roof. Two 14-by-14-foot bay doors are planned on the east-facing side, with two entry doors and two exit doors on the west. Interior walls will exceed 20 feet and include an insulation membrane. The building is designed to withstand winds up to 150 mph.
The property is zoned B2 and will have five public parking spaces, with additional employee parking area. Planned site features also include an in-ground sprinkler system, public water and sewer, and cable availability.
The property is zoned B2 and will have five public parking spaces, with additional employee parking area. Planned site features also include an in-ground sprinkler system, public water and sewer, and cable availability.
Key Highlights
- Two 14‑by‑14‑foot bay doors planned
- Interior walls taller than 20 feet with insulation membrane
- Designed for wind speeds up to 150 mph
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,227
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$704,540
$704.5K
Cap Rate 7%
$503,243
$503.2K
Cap Rate 9%
$391,411
$391.4K
Market Conditions
NOI Build-Up for 4,380 SF
Gross rent
$43.6K $9.96/SF
− Vacancy
−$2.2K −$0.50/SF
EGI
$41.4K $9.46/SF
− OpEx
−$6.2K −$1.42/SF
NOI
$35.2K $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 Rate 5%
$704,540
Cap Rate 7%
$503,243
Cap Rate 9%
$391,411
Alternative Uses
Best Use
Warehouse
$503.2K
$440.3K – $587.1K
NOI $35,227 @ 7.0% cap · market cap 4.58%
Second Best
Industrial
$372.5K
$326.0K – $434.6K
NOI $26,076 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,403 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
389
Businesses Nearby
Balanced
Demand for This Use
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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
$244,000
Median Home Value
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Market
Average Price Trend$/SF for Warehouses in Edgewater, FL
Properties on Market for Warehouses in Edgewater
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- A Storage 4 Less — 2424 Hibiscus Dr, Edgewater, FL 32141
- Self Storage Edgewater — 2424 hibiscus dr, edgewater, fl 32141
- Edgewater Self Storage — 2424 Hibiscus Dr, Edgewater, FL 32141
- Hibiscus Plaza & Storage — 2220 Hibiscus Dr #7, Edgewater, FL 32141
- Hibiscus Storage — 2220 hibiscus dr, edgewater, fl 32141
Frequently Asked Questions
What type of property is this?
Warehouse - Planned construction includes insulated interior walls and separate entry and exit doors.
Where is this warehouse located?
The property is located at 2224 Hibiscus Drive Edgewater, FL.
What is the asking price?
The asking price for this property is $769,000.
What are key features of this property?
This property features: Two 14‑by‑14‑foot bay doors planned; Interior walls taller than 20 feet with insulation membrane; Designed for wind speeds up to 150 mph
