Multi-Bay Warehouse
2724 HIBISCUS, Edgewater, FL 32141
For Sale
$2,150,000
An existing small-bay warehouse and a larger building under construction offer flexible space on a secured, paved site.
Property Size10,650 SF
Days on Market50
Property Features for 2724 HIBISCUS
General Information
Standard status
Size
Property subtype
Zoning
Warehouse & Industrial
Clear Height
Office Build-Out
Additional Details
Fenced Yard
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
THE BARNETT GROUP, INC.
Listed By:
Tracey Barlow · License FL #3438904
(386) 566-3715
Source:
Elliman
Added: Sep 24
Changed: Nov 9
Last Checked: Nov 10 at 8:33AM
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property combines an operating 3,400-square-foot warehouse, divided into small units of approximately 510 to 720 square feet, with a 220-square-foot office. A separate 7,250-square-foot warehouse is under construction. Its precast concrete design includes 20-foot clear heights, five 14-foot roll-up doors, and plumbing stub-outs for future restrooms; the interior can be configured as multiple units. The site is paved and enclosed, with an electric keypad gate.
At 2724 Hibiscus Drive in Edgewater, the property is zoned Commercial B-2 (Neighborhood Business). The existing small-bay layout and the additional warehouse under construction provide distinct space configurations within one property.
At 2724 Hibiscus Drive in Edgewater, the property is zoned Commercial B-2 (Neighborhood Business). The existing small-bay layout and the additional warehouse under construction provide distinct space configurations within one property.
Key Highlights
- Existing 3,400‑square‑foot warehouse with units of approximately 510 to 720 square feet
- A 220‑square‑foot office is part of the existing building
- 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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
20 ft
Clear height
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
Well-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
$244,000
Median Home Value
Market
Average Price Trend$/SF for Warehouses in Edgewater, FL
Properties on Market for Warehouses in Edgewater
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Warehouse - An existing small-bay warehouse and a larger building under construction offer flexible space on a secured, paved site.
Where is this warehouse located?
The property is located at 2724 HIBISCUS 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‑square‑foot warehouse with units of approximately 510 to 720 square feet; A 220‑square‑foot office is part of the existing building; New 7,250‑square‑foot warehouse under construction
