End-Unit Flex
For Sale
$150,000
2417 Guava Drive, Edgewater, FL 32141
Commercial Sale, Edgewater, FL
Property Size600 SF
Lot Size0.07 Acres
Price / SF$250
Days on Market133
Property Features for 2417 Guava Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Parking Lot
Subdivision
Florida Shores
Directions
SR 442 (Indian River Blvd) to Guava Dr, south on Guava to 2417.
Standard status
Active
APN
8402-01-06-7080
Size
600 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
N 30.33 FT OF LOT 6708 BLK 217 FLORIDA SHORES NO 7 MB 23 PG 117 PER OR 5004 PG 1145 PER OR 6580 PG 2338 PER OR 6580 PG 2339 PER OR 7365 PG 4982 PER OR 8254 PG 4144
Tax Annual Amount
856
Legal Description
N 30.33 FT OF LOT 6708 BLK 217 FLORIDA SHORES NO 7 MB 23 PG 117 PER OR 5004 PG 1145 PER OR 6580 PG 2338 PER OR 6580 PG 2339 PER OR 7365 PG 4982 PER OR 8254 PG 4144
Utilities
Heating system
Electric (Heating)
Cooling system
Central Air, Separate Meters
Amenities
climate-controlled
private restroom
epoxy flooring
Building Details
Year built
1982
Building materials
Block, Stucco
Roof type
Metal
Listing Agency:
Ocean Properties and Mgmt., Inc.
(386) 428-0975
Listed By:
Kelley Desoto · License #3012908
(386) 428-0975
Added: Apr 21
Changed: Aug 20
Last Checked: Aug 31 at 9:06AM
MLS# 1225493
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 600-square-foot end-unit flex space combines an open work area with practical business amenities. The primary area measures 20 feet by 30 feet and has a 9-foot ceiling, while a private restroom supports day-to-day operations. Recent interior improvements include painted walls and epoxy flooring. Climate control is provided by an in-wall electric heating and air-conditioning unit.
The property is located at 2417 Guava Drive in Edgewater, within the B-2 Business District. Access is supported by a roll-up garage door, a separate walkthrough entrance, a paved street, and a smooth driveway. The unit has 100-amp electrical service, separate power and water meters, and access to the rear property. The block-and-stucco building was constructed in 1982 and has a metal roof installed in 2018.
The property is located at 2417 Guava Drive in Edgewater, within the B-2 Business District. Access is supported by a roll-up garage door, a separate walkthrough entrance, a paved street, and a smooth driveway. The unit has 100-amp electrical service, separate power and water meters, and access to the rear property. The block-and-stucco building was constructed in 1982 and has a metal roof installed in 2018.
Key Highlights
- 600‑square‑foot end unit with a 20‑foot by 30‑foot open area
- 9‑foot ceiling, epoxy flooring, and recently painted walls
- Roll‑up garage door plus separate standard entry door
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
$8,991
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
5.99%
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%
$179,820
$179.8K
Cap Rate 7%
$128,443
$128.4K
Cap Rate 9%
$99,900
$99.9K
Market Conditions
NOI Build-Up for 600 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
$13.0K $21.60/SF
− Vacancy
−$972 −$1.62/SF
EGI
$12.0K $19.98/SF
− OpEx
−$3.0K −$5.00/SF
NOI
$9.0K $14.99/SF
Area
Volusia County, FL
Vacancy
7.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$179,820
Cap Rate 7%
$128,443
Cap Rate 9%
$99,900
Alternative Uses
Best Use
Office B
$128.4K
$112.4K – $149.9K
NOI $8,991 @ 7.0% cap · market cap 5.99%
Second Best
Flex RnD
$96.7K
$84.6K – $112.8K
NOI $6,766 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$176.9K
$154.8K – $206.4K
NOI $12,384 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
9 ft
Clear height
1
Drive-in doors
Yes
Paved road access
Yes
Utilities to site
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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- Laubster's Catering — 2102 S Ridgewood Ave #21, Edgewater, FL 32141
Frequently Asked Questions
What type of property is this?
Flex space - B-2 Business District unit with climate control, private restroom, and dual-entry access.
Where is this flex space located?
The property is located at 2417 Guava Drive Edgewater, FL.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 600‑square‑foot end unit with a 20‑foot by 30‑foot open area; 9‑foot ceiling, epoxy flooring, and recently painted walls; Roll‑up garage door plus separate standard entry door
