Pre-Construction Industrial Flex
For Sale
$1,700,000
415 Timaquan Trail 415 EDGEWATER, Edgewater, FL 32132
Pre-engineered metal building with a shared truck well in Parktowne Industrial Center, designed for tenant customization.
Property Size14,080 SF
Price / SF$120.74
Days on Market47
Property Features for 415 Timaquan Trail 415 EDGEWATER
General Information
Standard status
Active
Size
14,080 SF
Zoning
I-1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$27,997
Amenities
Concrete
true
Cul-De-Sac
3.66
false
1 to 5 Spaces,Common
Asphalt
Slab
City Street
14080
1
Public Maintained Road
Building Details
Building Size
14,080 SF
Year Built
2009
Buildings
1
Listing Agency:
(904) 569-5862
Listed By:
Morgan Friesen
(904) 569-5862
Source:
Movetojacksonville
Added: Jul 7
Changed: Aug 22
Last Checked: Aug 22 at 3:28AM
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 Morgan Friesen
Investment Insights
Based on property information with market context.
This offering is pre-construction for a 14,080-square-foot pre-engineered metal building within Parktowne Industrial Center. The project is part of a four-building site plan, and the building is planned to include a shared truck well to support efficient loading and receiving. Buyers will have the ability to customize the building to meet individual needs, with options noted such as adding cranes or incorporating office space.
The site is located between I-95 and US-1, approximately 3.5 miles from the I-95 interchange. The property is one of multiple available buildings in the same industrial center, with two other site options listed at 14,080 square feet and 16,000 square feet that also include shared truck wells.
This configuration is suited for businesses seeking a new, flexible industrial facility that can be tailored during construction. It may be particularly useful for operators that want to define the balance of warehouse space, office areas, and material-handling requirements prior to completion.
The site is located between I-95 and US-1, approximately 3.5 miles from the I-95 interchange. The property is one of multiple available buildings in the same industrial center, with two other site options listed at 14,080 square feet and 16,000 square feet that also include shared truck wells.
This configuration is suited for businesses seeking a new, flexible industrial facility that can be tailored during construction. It may be particularly useful for operators that want to define the balance of warehouse space, office areas, and material-handling requirements prior to completion.
Key Highlights
- Pre‑engineered metal building in Parktowne Industrial Center on a 3.66‑acre lot with 14,080 sq. ft. total building area
- Shared truck well in the Parktowne Industrial Center building setup
- Located between I‑95 and US‑1, 3.5 miles from the I‑95 interchange
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$113,241
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,264,820
$2.3M
Cap Rate 7%
$1,617,729
$1.6M
Cap Rate 9%
$1,258,233
$1.3M
Market Conditions
NOI Build-Up for 14,080 SF
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.
Gross rent
$140.2K $9.96/SF
− Vacancy
−$7.0K −$0.50/SF
EGI
$133.2K $9.46/SF
− OpEx
−$20.0K −$1.42/SF
NOI
$113.2K $8.04/SF
Area
Volusia County, FL
Vacancy
5.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,264,820
Cap Rate 7%
$1,617,729
Cap Rate 9%
$1,258,233
Alternative Uses
Best Use
Flex RnD
$2.27M
$1.98M – $2.65M
NOI $158,773 @ 7.0% cap · market cap 9.34%
Second Best
Warehouse
$1.62M
$1.42M – $1.89M
NOI $113,241 @ 7.0% cap · market cap 6.66%
Theoretical Best
Office A
$4.15M
$3.63M – $4.84M
NOI $290,611 @ 7.0% cap · market cap 17.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
546
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32132, FL
8,189
Population
4,266
Households
1.9
Avg Household Size
52
Median Age
19%
College-Educated
93%
High-School Grad
7.0 sq mi
ZIP Area
1,170
Density / Sq Mi
$53,860
Median Household Income
$34,816
Median Earnings
$1,316
Median Rent
$234,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Laubster's Catering — 2102 S Ridgewood Ave #21, Edgewater, FL 32141
Frequently Asked Questions
What type of property is this?
Flex space - Pre-engineered metal building with a shared truck well in Parktowne Industrial Center, designed for tenant customization.
Where is this flex space located?
The property is located at 415 Timaquan Trail 415 EDGEWATER Edgewater, FL.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Pre‑engineered metal building in Parktowne Industrial Center on a 3.66‑acre lot with 14,080 sq. ft. total building area; Shared truck well in the Parktowne Industrial Center building setup; Located between I‑95 and US‑1, 3.5 miles from the I‑95 interchange
