Modern Warehouse in Parktowne
318 Base Leg Drive Edgewater, FL 32132
318 Base Leg Drive, Edgewater, FL, 32132
$998,000
For Sale
$998,000
6,000 SF warehouse on 1 acre in Edgewater.
Property Size6,000 SF
Lot Size1.00 Acre
Price / SF$166.33
Days on Market1593
Property Features for 318 Base Leg Drive
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Lot size
- 1.00 Acre
- Property subtype
- Other
Building Details
- Year Built
- 2021
Listing Agency
The Barnett Group Inc.
(386) 426-7234
Listed by
Tracey Barlow · License #3438904
(386) 566-3715
Source
Xome
Added: Mar 7, 2022 Checked: Jul 15 at 10:24 pm
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.
Investment Insights
Based on property information with market context.
This 6,000-square-foot warehouse, constructed in 2021, is situated on a 1-acre parcel within the Parktowne Industrial Park in Edgewater. The property features ample open space, allowing for a tailored build-out, and includes two existing restrooms. Three large 16' x 16' overhead doors provide ample clearance, complemented by 20' ceilings. The property is nicely landscaped and offers plenty of parking. It is equipped with 200-amp service and 3-phase power. The location provides convenient access to I-95 and is strategically positioned between Central Florida's S.R. 528 and I-4 corridor, and is minutes from the Kennedy Space Center and the aerospace industry. The Parktowne Industrial Park in Edgewater is well-maintained and hosts a variety of compatible businesses.
Key Highlights
- 6,000 sq ft warehouse built in 2021 on 1‑acre in Parktowne Industrial Park
- Convenient access to I‑95, SR 528, I‑4, Kennedy Space Center, and the Aerospace Industry
- Features three 16' x 16' overhead doors and 20' ceilings
Local Financial Insights For Warehouse
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 | $59.8k | $9.96 |
| − Vacancy | −$3.0k | −$0.50 |
| EGI | $56.8k | $9.46 |
| − OpEx | −$8.5k | −$1.42 |
| NOI | $48.3k | $8.04 |
6,000 SF · lease $9.96/SF/yr · vacancy 5.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$689.4K
$603.2K – $804.3K
NOI $48,256 @ 7.0% cap · market cap 4.84%
Second Best
Industrial
$510.3K
$446.5K – $595.4K
NOI $35,721 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,840 @ 7.0% cap · market cap 12.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Warehouse - 6,000 SF warehouse on 1 acre in Edgewater.
Where is this warehouse located?
The property is located at 318 Base Leg Drive Edgewater, FL.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: 6,000 sq ft warehouse built in 2021 on 1‑acre in Parktowne Industrial Park; Convenient access to I‑95, SR 528, I‑4, Kennedy Space Center, and the Aerospace Industry; Features three 16' x 16' overhead doors and 20' ceilings
