New Warehouse with Oversized Bay
New
For Sale
$759,000
2224 HIBISCUS, Edgewater, FL 32141
Planned commercial construction includes insulated interior walls, electrical service, and on-site parking.
Property Size4,380 SF
Price / SF$173.29
Days on Market2
Property Features for 2224 HIBISCUS
General Information
Standard status
Active
Size
4,380 SF
Total Parking Spaces
5
Property subtype
Industrial
Zoning
B2
Additional Details
Warehouse Space
4,380 SF
Taxes and HOA fees
Annual Taxes
$736
Building Details
Year Built
2026
Buildings
1
Units
1
Building Size
4,380 SF
Listing Agency:
Collado Real Estate
Listed By:
Bryan Disbrow · License #521363
(386) 690-2558
Source:
Elliman
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 10 at 3:00AM
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.
A new 4,380-square-foot warehouse is planned at 2224 Hibiscus in Edgewater. The design includes two 14-by-14-foot bay doors on the east-facing side, two entry doors, and two exit doors on the west side. Interior walls are specified at more than 20 feet, with an insulation membrane. Electrical service is planned through two 200-amp panels, and the building is designed to withstand winds up to 150 mph. The project has approved permits, with estimated completion on 10.15.2026.
The property is zoned B2 and includes five public parking spaces, with additional room for employee parking on the site. An in-ground sprinkler system is planned for the property and landscaping.
The property is zoned B2 and includes five public parking spaces, with additional room for employee parking on the site. An in-ground sprinkler system is planned for the property and landscaping.
Key Highlights
- Planned 4,380‑square‑foot warehouse in Edgewater
- Two 14 x 14 ft bay doors on the east‑facing side
- Interior walls exceed 20 ft and include an insulation membrane
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
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
Current Use
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
Well-served
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Planned commercial construction includes insulated interior walls, electrical service, and on-site parking.
Where is this warehouse located?
The property is located at 2224 HIBISCUS 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: Planned 4,380‑square‑foot warehouse in Edgewater; Two 14 x 14 ft bay doors on the east‑facing side; Interior walls exceed 20 ft and include an insulation membrane
