Warehouse Property with
2724 Hibiscus Drive, Edgewater, FL 32141
For Sale
$2,150,000
Commercial Sale, Edgewater, FL
Property Size10,650 SF
Lot Size0.82 Acres
Price / SF$201.88
Days on Market137
Property Features for 2724 Hibiscus Drive
General Information
Property type
Property subtype
Zoning description
Bathrooms
Full bathrooms
Rooms
Parking features
Security features
Fencing
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Water source
Amenities
electric keypad entry gate
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
The Barnett Group Inc.
(386) 426-7234
Listed By:
Tracey Barlow · License FL #3438904
(386) 566-3715
Added: Jun 28
Changed: Oct 27
Last Checked: Nov 11 at 4:06AM
MLS# 1228041
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.
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Investment Insights
Based on property information with market context.
This warehouse property at 2724 Hibiscus Drive combines an existing 3,400-square-foot building with a 7,250-square-foot warehouse under construction. The existing structure is divided into multiple small-bay units ranging from approximately 510 to 720 square feet and includes a 220-square-foot office. The new precast concrete building measures 145 feet by 50 feet, provides 20-foot clear heights, and includes five oversized 14-foot roll-up doors. Plumbing stub-outs are in place for future restrooms, while the layout can support separate units or a customized configuration.
The 0.82-acre site is paved, fully fenced, and secured by a gated electric keypad entrance. Commercial B-2 (Neighborhood Business) zoning supports contractors, service businesses, warehousing, light industrial operations, distribution, storage, and other permitted commercial uses. Public water and public sewer serve the property, with cable available. The site includes a gated parking lot, concrete flooring, and concrete and metal siding construction.
The 0.82-acre site is paved, fully fenced, and secured by a gated electric keypad entrance. Commercial B-2 (Neighborhood Business) zoning supports contractors, service businesses, warehousing, light industrial operations, distribution, storage, and other permitted commercial uses. Public water and public sewer serve the property, with cable available. The site includes a gated parking lot, concrete flooring, and concrete and metal siding construction.
Key Highlights
- 10,650 square feet across existing and under‑construction warehouse improvements
- Existing 3,400‑square‑foot building with small‑bay units from approximately 510 to 720 square feet
- New 7,250‑square‑foot warehouse under construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,094
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,401,880
$2.4M
Cap Rate 7%
$1,715,629
$1.7M
Cap Rate 9%
$1,334,378
$1.3M
Market Conditions
NOI Build-Up for 10,650 SF
Gross rent
$201.9K $18.96/SF
− Vacancy
−$17.2K −$1.61/SF
EGI
$184.8K $17.35/SF
− OpEx
−$64.7K −$6.07/SF
NOI
$120.1K $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 Rate 5%
$2,401,880
Cap Rate 7%
$1,715,629
Cap Rate 9%
$1,334,378
Alternative Uses
Best Use
Flex RnD
$1.72M
$1.50M – $2.00M
NOI $120,094 @ 7.0% cap · market cap 5.59%
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 authorities.
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Current Use
Lease Details
20 ft
Clear height
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
249
Businesses Nearby
Balanced
Demand for This Use
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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
$244,000
Median Home Value
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Market
Average Price Trend$/SF for Warehouses in Edgewater, FL
Properties on Market for Warehouses in Edgewater
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- A Storage 4 Less — 2424 Hibiscus Dr, Edgewater, FL 32141
- Self Storage Edgewater — 2424 hibiscus dr, edgewater, fl 32141
- Edgewater Self Storage — 2424 Hibiscus Dr, Edgewater, FL 32141
- Hibiscus Plaza & Storage — 2220 Hibiscus Dr #7, Edgewater, FL 32141
- Hibiscus Storage — 2220 hibiscus dr, edgewater, fl 32141
Frequently Asked Questions
What type of property is this?
Warehouse - Fenced industrial property combines existing small-bay space with a new building designed for flexible commercial occupancy.
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: 10,650 square feet across existing and under‑construction warehouse improvements; Existing 3,400‑square‑foot building with small‑bay units from approximately 510 to 720 square feet; New 7,250‑square‑foot warehouse under construction
