Warehouse with Under-Construction
2724 Hibiscus Drive D Edgewater, Edgewater, FL 32141
For Sale
$2,150,000
Secure, fenced industrial site with existing multi-bay warehouse units and an under-construction precast expansion.
Property Size10,650 SF
Price / SF$201.88
Days on Market129
Property Features for 2724 Hibiscus Drive D Edgewater
General Information
Standard status
Size
Zoning
Warehouse & Industrial
Clear Height
Drive-In Doors
Additional Details
Fenced Yard
Taxes and HOA fees
Annual Taxes
Amenities
Concrete
4
1
Chain Link,Fenced
Few Trees,Other,Uplands
Public
0.82
false
Gated,Parking Lot,Secured
City Street
10650
Building Details
Building Size
Year Built
Stories
Listing Agency:
The Real Estate Collection LLC
Listed By:
Kari Fleck
(407) 656-7814
Source:
Therealestatecollection
Added: Jul 7
Changed: Nov 11
Last Checked: Oct 7 at 9:15AM
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 The Real Estate Collection LLC
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Investment Insights
Based on property information with market context.
The property offers an existing 3,400-square-foot warehouse configured into multiple small-bay units sized approximately 510 to 720 square feet, supporting either multiple tenants or owner-user use. An included 220-square-foot office creative space provides flexibility for a range of business operations. In addition, a new 7,250-square-foot warehouse is under construction as a 145' x 50' precast concrete building. The planned clear height is 20 feet, and the structure includes five oversized 14-foot roll-up bay doors, with plumbing stub-outs for future restrooms. The building design supports convenient subdivision or customization for operational needs.
Located in Edgewater, the site is fully fenced and secured, with an electric keypad entry gate, and the property is set on a paved lot. The property is zoned Commercial B-2 (Neighborhood Business), which supports flexibility for service businesses, warehousing, light industrial users, distribution, storage, and other permitted commercial uses.
For buyers or operators, the combination of existing multi-bay warehouse space and the under-construction expansion can support a phased occupancy strategy or growth of an existing operation. The secured, adaptable warehouse and office/creative space configuration is suited for contractors and service-oriented businesses that need practical loading access and room to reconfigure as operations evolve.
Located in Edgewater, the site is fully fenced and secured, with an electric keypad entry gate, and the property is set on a paved lot. The property is zoned Commercial B-2 (Neighborhood Business), which supports flexibility for service businesses, warehousing, light industrial users, distribution, storage, and other permitted commercial uses.
For buyers or operators, the combination of existing multi-bay warehouse space and the under-construction expansion can support a phased occupancy strategy or growth of an existing operation. The secured, adaptable warehouse and office/creative space configuration is suited for contractors and service-oriented businesses that need practical loading access and room to reconfigure as operations evolve.
Key Highlights
- 0.82‑acre fully fenced and secured site on a paved city street with electric keypad entry gate
- Existing 3,400 SF warehouse with multiple small‑bay units of about 510 to 720 SF each, plus 220 SF office
- New 7,250 SF warehouse under construction: 145' x 50' precast concrete building with 20' clear ceiling height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$159,590
Cap Rate
7.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,191,800
$3.2M
Cap Rate 7%
$2,279,857
$2.3M
Cap Rate 9%
$1,773,222
$1.8M
Market Conditions
NOI Build-Up for 10,650 SF
Gross rent
$230.0K $21.60/SF
− Vacancy
−$17.3K −$1.62/SF
EGI
$212.8K $19.98/SF
− OpEx
−$53.2K −$5.00/SF
NOI
$159.6K $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 Rate 5%
$3,191,800
Cap Rate 7%
$2,279,857
Cap Rate 9%
$1,773,222
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 authorities.
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See the owner, sales and loan history
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Current Use
Lease Details
20 ft
Clear height
5
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
249
Businesses Nearby
Balanced
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
$244,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Edgewater, FL
Properties on Market for Warehouses in Edgewater
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- A Storage 4 Less — 2424 Hibiscus Dr, Edgewater, FL 32141
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- 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 - Secure, fenced industrial site with existing multi-bay warehouse units and an under-construction precast expansion.
Where is this warehouse located?
The property is located at 2724 Hibiscus Drive D Edgewater 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: 0.82‑acre fully fenced and secured site on a paved city street with electric keypad entry gate; Existing 3,400 SF warehouse with multiple small‑bay units of about 510 to 720 SF each, plus 220 SF office; New 7,250 SF warehouse under construction: 145' x 50' precast concrete building with 20' clear ceiling height
