Pre-Construction
For Sale
$759,000
2224 HIBISCUS Drive, Edgewater, FL 32141
Commercial Sale, EDGEWATER, FL
Property Size4,380 SF
Lot Size0.31 Acres
Price / SF$173.29
Days on Market249
Property Features for 2224 HIBISCUS Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning
B2
Window features
Aluminum Frames
Accessibility
Accessible Approach with Ramp
Subdivision
FLORIDA SHORES
Lot features
Central Business District, City Limits, Street Lights, Paved
Directions
US 1 South to SR 442 or Indian River Blvd. Head West to Hibiscus, turn left go South to 2224 property on the right.
Standard status
Active
APN
840201068680
Lot size
0.31 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 6868 & 6869 BLK 225 FLORIDA SHORES NO 7 REVISED PLAT MB 23 PG 131 PER OR 5219 PG 2074 PER OR 6689 PG 1236 PER OR 74 14 PGS 4668-4669 PER OR 8723 PG 2655
Tax Annual Amount
736
Legal Description
LOTS 6868 & 6869 BLK 225 FLORIDA SHORES NO 7 REVISED PLAT MB 23 PG 131 PER OR 5219 PG 2074 PER OR 6689 PG 1236 PER OR 74 14 PGS 4668-4669 PER OR 8723 PG 2655
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
2026
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
Metal Frame
Roof type
Metal
Listing Agency:
COLLADO REAL ESTATE
(386) 427-0002
Listed By:
Bryan Disbrow · License #521363
(386) 690-2558
Added: Feb 3
Changed: Oct 10
Last Checked: Oct 10 at 7:06PM
MLS# NS1087255
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Planned as a metal-frame warehouse on a 0.31-acre parcel, the building is under construction with permits approved. The design includes two 14 x 14 ft bay doors, concrete flooring, insulated interior walls exceeding 20 ft, and two 200 AMP service panels. The structure is designed for wind speeds up to 150 mph.
The property is zoned B2 and will have five public parking spaces, with additional room on the property for employee parking. Public water and sewer are available.
The property is zoned B2 and will have five public parking spaces, with additional room on the property for employee parking. Public water and sewer are available.
Key Highlights
- Under construction with permits approved; estimated completion date is 10.15.2026
- 0.31‑acre parcel zoned B2
- Two 14 x 14 ft bay doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,227
Cap Rate
4.64%
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 4.64%
Second Best
—
—
no second resolved use
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
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Current Use
Location Intelligence
Trade Area within ½ mile
389
Businesses Nearby
Balanced
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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Frequently Asked Questions
What type of property is this?
Warehouse - Planned metal-frame construction includes two oversized bay openings and concrete flooring.
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 $759,000.
What are key features of this property?
This property features: Under construction with permits approved; estimated completion date is 10.15.2026; 0.31‑acre parcel zoned B2; Two 14 x 14 ft bay doors
