Office/Warehouse Flex
328 N Ridgewood Ave Edgewater, FL 32132
For Sale
Contact for pricing
Office and warehouse space on a 0.53-acre parcel with frontage on US-1 in Edgewater, Florida.
Property Size7,800 SF
Lot Size0.53 Acres
Price / SF$153.85
Days on Market388
Property Features for 328 N Ridgewood Ave
General Information
Standard status
Active
Size
7,800 SF
Lot size
0.53 Acres
Property subtype
OFFICE
Listing Agency:
SVN | Alliance Commercial Real Estate Advisors
(386) 566-3726
Listed By:
Carl W. Lentz IV · License #3068067
(386) 566-3726
Source:
Moodyscre
Added: Jul 8, 2025
Changed: Jul 26
Last Checked: Jul 29 at 3:47PM
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 SVN | Alliance Commercial Real Estate Advisors
Investment Insights
Based on property information with market context.
This office/warehouse flex property sits on a 0.53-acre parcel and includes approximately 7,800 square feet of warehouse and office space. The building is described as suitable for investors or an owner-user, with the current owner converting renewing tenants to NNN leases.
The property is located on busy US-1 in Edgewater, Florida. The listing notes an owner/user opportunity that would use about 6,000 square feet of office space and a small rear bay warehouse, with the ability to sublet any unused space to office tenants.
Internally, the layout supports combining office and warehouse operations within one facility, while the lease conversion strategy is positioned to shift available tenancy to NNN terms over time.
The property is located on busy US-1 in Edgewater, Florida. The listing notes an owner/user opportunity that would use about 6,000 square feet of office space and a small rear bay warehouse, with the ability to sublet any unused space to office tenants.
Internally, the layout supports combining office and warehouse operations within one facility, while the lease conversion strategy is positioned to shift available tenancy to NNN terms over time.
Key Highlights
- 0.53‑acre parcel with 7,800 SF office/warehouse space with frontage on US‑1 in Edgewater, FL
- Suitable for investors or owner‑users with current converting renewing tenants to NNN leases
- 6,000 SF office space available for an owner‑user, plus a small bay warehouse in the rear of the building
Financial Insights For Flex RnD
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 | $147.9k | $18.96 |
| − Vacancy | −$12.6k | −$1.61 |
| EGI | $135.3k | $17.35 |
| − OpEx | −$47.4k | −$6.07 |
| NOI | $88.0k | $11.28 |
7,800 SF · lease $18.96/SF/yr · vacancy 8.50% · expense 35.00%
Alternative Uses
Best Use
Office B
$1.67M
$1.46M – $1.95M
NOI $116,883 @ 7.0% cap · market cap 9.74%
Second Best
Flex RnD
$1.26M
$1.10M – $1.47M
NOI $87,956 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$2.30M
$2.01M – $2.68M
NOI $160,992 @ 7.0% cap · market cap 13.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse space on a 0.53-acre parcel with frontage on US-1 in Edgewater, Florida.
Where is this flex space located?
The property is located at 328 N Ridgewood Ave Edgewater, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 0.53‑acre parcel with 7,800 SF office/warehouse space with frontage on US‑1 in Edgewater, FL; Suitable for investors or owner‑users with current converting renewing tenants to NNN leases; 6,000 SF office space available for an owner‑user, plus a small bay warehouse in the rear of the building
