Flexible Two-Unit Industrial
New
For Sale
$599,000
2341 GUAVA, Edgewater, FL 32141
Concrete-block commercial space with air-conditioned offices, private bathrooms, independent utilities, and a secured parking area.
Property Size2,880 SF
Price / SF$207.99
Days on Market3
Property Features for 2341 GUAVA
General Information
Standard status
Active
Size
2,880 SF
Property subtype
Industrial
Warehouse & Industrial
Power
200 amps
Three-Phase Power
Yes
Heavy Power
Yes
Additional Details
Fenced Yard
Yes
Taxes and HOA fees
Annual Taxes
$3,671
Building Details
Year Built
1993
Buildings
1
Units
2
Building Size
2,880 SF
Construction
concrete block
Listed By:
Yonkiel Sendoya Reyes
(386) 262-0596
Source:
Elliman
Added: Sep 19
Last Checked: Sep 20 at 10:15AM
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 Yonkiel Sendoya Reyes
Investment Insights
Based on property information with market context.
Built in 1993, this 2,880-square-foot flex property is arranged as two separate 1,440-square-foot units. Each side includes an air-conditioned office, a private bathroom, and independent 200-AMP, 3-phase electrical service. Newly installed AC units support the building’s office areas, while the concrete-block construction provides a durable commercial shell.
An interior wall can be removed to create one larger operating area; a structural header is already in place for that configuration. The site also includes on-site parking and security fencing for equipment, inventory, vehicles, and business operations. The property is located at 2341 Guava in Edgewater, Florida, and its layout supports separate occupancy or a combined commercial/industrial use.
An interior wall can be removed to create one larger operating area; a structural header is already in place for that configuration. The site also includes on-site parking and security fencing for equipment, inventory, vehicles, and business operations. The property is located at 2341 Guava in Edgewater, Florida, and its layout supports separate occupancy or a combined commercial/industrial use.
Key Highlights
- 2,880 SF building configured as two 1,440 SF units
- Two separate 200‑AMP electrical services with 3‑phase power
- Each unit includes an air‑conditioned office and private bathroom
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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Current Use
Lease Details
Yes
Heavy power
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
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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 space with air-conditioned offices, private bathrooms, independent utilities, and a secured parking area.
Where is this flex space located?
The property is located at 2341 GUAVA 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 1,440 SF units; Two separate 200‑AMP electrical services with 3‑phase power; Each unit includes an air‑conditioned office and private bathroom
