Under-Construction Warehouse and
2724 HIBISCUS DRIVE, Edgewater, FL 32141
Versatile warehouse setup with secured fencing, small-bay units, and a new larger precast building under construction.
Type:Warehouse
Property size:
10,650 SFPrice / SF:
$201/SF- Added:
- Jun 27, 2026
- Days on Market:
- 11
- Last Refresh:
- Jul 4 at 3:15 am
Property Features for 2724 HIBISCUS DRIVE
General Information
- Standard status
- Active
- Size
- 10,650 SF
- Property subtype
- Warehouse
Building Details
- Year Built
- 1982
Listing office THE BARNETT GROUP, INC. (386) 426-7234
Listing date Jun 27, 2026
Source Miharaandassociates
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 THE BARNETT GROUP, INC.
HighLights
- Existing 3,400 SF warehouse with small‑bay units ranging from approx. 510–720 SF for flexible tenant or owner‑user use
- Fully fenced and secured site with electric keypad entry gate
- Includes a 220 SF office space in the existing building
- New 7,250 SF warehouse under construction: 145' x 50' precast concrete with 20' clear ceiling heights
- New building features five oversized 14' roll‑up bay doors and plumbing stub‑outs for future restrooms
- Commercial B‑2 (Neighborhood Business) zoning with a paved site suitable for multiple commercial/industrial uses
Overview
This property is currently under construction and combines existing warehouse units with an office component and a new larger warehouse building. The existing facility includes a 3,400-square-foot warehouse arranged into multiple small-bay units sized approximately 510 to 720 square feet, supporting either multi-tenant leasing or owner-user use. The building also includes a 220-square-foot office space that may be reconfigured to fit a range of business needs.
The property sits on a fully fenced and secured site with an electric keypad entry gate and a paved area for operations. A new 7,250-square-foot warehouse is under construction as a 145' x 50' precast concrete structure with 20-foot clear ceiling height. It is designed with five oversized 14-foot roll-up bay doors and plumbing stub-outs for future restrooms. The construction also allows for convenient subdivision into multiple units or customization for operational requirements.
Zoned Commercial B-2 (Neighborhood Business), the property is positioned to fit contractors, service businesses, warehousing and storage, light industrial users, and distribution-oriented operations. With secured access, flexible warehouse configurations, and an under-construction expansion, it offers a practical platform for businesses seeking scalable space on one site.
The property sits on a fully fenced and secured site with an electric keypad entry gate and a paved area for operations. A new 7,250-square-foot warehouse is under construction as a 145' x 50' precast concrete structure with 20-foot clear ceiling height. It is designed with five oversized 14-foot roll-up bay doors and plumbing stub-outs for future restrooms. The construction also allows for convenient subdivision into multiple units or customization for operational requirements.
Zoned Commercial B-2 (Neighborhood Business), the property is positioned to fit contractors, service businesses, warehousing and storage, light industrial users, and distribution-oriented operations. With secured access, flexible warehouse configurations, and an under-construction expansion, it offers a practical platform for businesses seeking scalable space on one site.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $230.0k | $21.60 |
| − Vacancy | −$17.3k | −$1.62 |
| EGI | $212.8k | $19.98 |
| − OpEx | −$53.2k | −$5.00 |
| NOI | $159.6k | $14.99 |
10,650 SF · lease $21.60/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.28M
$1.99M – $2.66M
NOI $159,590 @ 7.0% cap · market cap 7.42%
Second Best
Warehouse
$1.22M
$1.07M – $1.43M
NOI $85,655 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$3.14M
$2.75M – $3.66M
NOI $219,816 @ 7.0% cap · market cap 10.22%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Cutting Edge Trenching
General Contractor
Deels on Wheels
Car Dealership
Similar Places Nearby
- A Storage 4 Less — 2424 Hibiscus Dr, Edgewater, FL 32141
- Self Storage Edgewater — 2424 hibiscus dr, edgewater, fl 32141
- Hibiscus Plaza & Storage — 2220 Hibiscus Dr #7, Edgewater, FL 32141
- Edgewater Self Storage — 2424 Hibiscus Dr, Edgewater, FL 32141
- Hibiscus Storage — 2220 hibiscus dr, edgewater, fl 32141
Location Insight
- Map
- Local Demand
- City
- Edgewater
- County
- Volusia
- State
- Florida
- Longitude
- -80.8951046
- Latitude
- 28.9524017
Nearby Similar for Sale
FAQs
What type of property is this?
Warehouse - Versatile warehouse setup with secured fencing, small-bay units, and a new larger precast building under construction.
Where is this warehouse located?
The property is located at 2724 HIBISCUS DRIVE Edgewater, FL.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Existing 3,400 SF warehouse with small‑bay units ranging from approx. 510–720 SF for flexible tenant or owner‑user use; Fully fenced and secured site with electric keypad entry gate; Includes a 220 SF office space in the existing building
