Two-Unit Flex
New
For Sale
$599,000
2341 Guava Drive, Edgewater, FL 32141
Commercial Sale, Edgewater, FL
Property Size2,880 SF
Lot Size0.30 Acres
Price / SF$207.99
Days on Market4
Property Features for 2341 Guava Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking features
Parking Lot
Security features
Security
Fencing
Fenced, Privacy
Subdivision
Florida Shores
Lot features
Cleared, Few Trees, Split Possible
Directions
South US 1 to SR 442 in Edgewater, head W to Guava, turn left head S to 2341 on the left.
Standard status
Active
APN
8402-01-06-7110
Size
2,880 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
02-18-34 LOTS 6711 THRU 6713 BLK 217 FLORIDA SHORES NO 7 MB 23 PGS 117-118 INC PER OR 4658 PG 3390 PER OR 6697 PGS 4895-4896 PER OR 6706 PG 1865 PER OR 6941 PG 4718 PER OR 8328 PG 1907 PER OR 8337 PG 0555 PER OR 8789 PG 2591
Tax Annual Amount
3825
Legal Description
02-18-34 LOTS 6711 THRU 6713 BLK 217 FLORIDA SHORES NO 7 MB 23 PGS 117-118 INC PER OR 4658 PG 3390 PER OR 6697 PGS 4895-4896 PER OR 6706 PG 1865 PER OR 6941 PG 4718 PER OR 8328 PG 1907 PER OR 8337 PG 0555 PER OR 8789 PG 2591
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Separate Meters, Central Air
Water source
Public
Building Details
Year built
1993
Floors in Building
1
Number of units
2
Flooring type
Concrete
Building materials
Block, Concrete
Roof type
Metal
Listing Agency:
Collado Real Estate
(386) 427-0002
Listed By:
Bryan Disbrow · License #521363
(386) 690-2558
Added: Sep 18
Changed: Sep 19
Last Checked: Sep 21 at 2:06AM
MLS# 1230993
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.
Investment Insights
Based on property information with market context.
This 2,880-square-foot flex property is arranged as two independent 1,440-square-foot spaces. Each unit includes an air-conditioned office, a private bathroom, and concrete flooring. The interior wall can be removed to create a larger combined area, with a structural header already in place. Separate 200-AMP electrical services provide 3-phase power to each side, supporting independent occupancy or a single larger operation. Newly installed AC units serve the building, which was constructed in 1993 with concrete-block walls and a metal roof.
The 0.3-acre property at 2341 Guava Drive in Edgewater includes a parking lot and privacy fencing around the site. Public water and sewer serve the property. The configuration supports contractors, storage and warehouse operations, service businesses, trades, or an owner-user seeking the option to occupy one unit and lease the other.
The 0.3-acre property at 2341 Guava Drive in Edgewater includes a parking lot and privacy fencing around the site. Public water and sewer serve the property. The configuration supports contractors, storage and warehouse operations, service businesses, trades, or an owner-user seeking the option to occupy one unit and lease the other.
Key Highlights
- 2,880+/- SF building configured as two separate 1,440+/- SF units
- Each unit includes an air‑conditioned office and private bathroom
- Two separate 200‑AMP electrical services with 3‑phase power
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
$32,476
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
5.42%
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%
$649,520
$649.5K
Cap Rate 7%
$463,943
$463.9K
Cap Rate 9%
$360,844
$360.8K
Market Conditions
NOI Build-Up for 2,880 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
$54.6K $18.96/SF
− Vacancy
−$4.6K −$1.61/SF
EGI
$50.0K $17.35/SF
− OpEx
−$17.5K −$6.07/SF
NOI
$32.5K $11.28/SF
Area
Volusia County, FL
Vacancy
8.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
35.00%
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%
$649,520
Cap Rate 7%
$463,943
Cap Rate 9%
$360,844
Alternative Uses
Best Use
Flex RnD
$463.9K
$406.0K – $541.3K
NOI $32,476 @ 7.0% cap · market cap 5.42%
Second Best
Warehouse
$330.9K
$289.5K – $386.1K
NOI $23,163 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$849.2K
$743.0K – $990.7K
NOI $59,443 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
323
Businesses Nearby
Under-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Laubster's Catering — 2102 S Ridgewood Ave #21, Edgewater, FL 32141
Frequently Asked Questions
What type of property is this?
Flex space - Concrete-block commercial building with separate offices, bathrooms, power services, parking, and security fencing.
Where is this flex space located?
The property is located at 2341 Guava Drive Edgewater, FL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 2,880+/- SF building configured as two separate 1,440+/- SF units; Each unit includes an air‑conditioned office and private bathroom; Two separate 200‑AMP electrical services with 3‑phase power
