Office/Warehouse Space in
702 W PARK Ave A1 Edgewater, FL 32132
For Sale
$434,000
1600 SF office/warehouse combo, minutes from I-95 and US-1.
Property Size1,600 SF
Price / SF$271.25
Days on Market96
Property Features for 702 W PARK Ave A1
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Industrial
Building Details
Year Built
1985
Listing Agency:
White Whale Real Estate
(386) 689-5171
Listed By:
Christopher Schwarz
(386) 689-5171
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 27 at 4:31AM
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 White Whale Real Estate
Investment Insights
Based on property information with market context.
This 1,600 sq ft office/warehouse combo in Edgewater offers functionality and a convenient location. Situated minutes from I-95 and US-1, near the Edgewater Airport (Massey Ranch) and a major industrial park, this property is ideally positioned for service-based or logistics operations. The building features 800 sq ft of clean office space with two private offices and two separate restrooms, along with 800 sq ft of warehouse space with high ceilings and a built-in mezzanine for extra storage. The flexible layout is ideal for contractors, distribution, creative trades, or light assembly. It is a well-maintained, functional space with proximity to key transportation routes and industrial partners in the heart of Edgewater’s business corridor. Automotive, painting, and furniture-related businesses are not permitted. The bike score is 55, indicating it is bikeable, and the walk score is 15, indicating car dependence.
Key Highlights
- Prime location minutes from I‑95 and US‑1, near Edgewater Airport and a major industrial park.
- Office/warehouse combo with 800 sq ft of office space and 800 sq ft of warehouse space.
- Functional layout suitable for contractors, distribution, creative trades, or light assembly.
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 | $30.3k | $18.96 |
| − Vacancy | −$2.6k | −$1.61 |
| EGI | $27.8k | $17.35 |
| − OpEx | −$9.7k | −$6.07 |
| NOI | $18.0k | $11.28 |
1,600 SF · lease $18.96/SF/yr · vacancy 8.50% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$257.7K
$225.5K – $300.7K
NOI $18,042 @ 7.0% cap · market cap 4.16%
Second Best
Warehouse
$183.8K
$160.9K – $214.5K
NOI $12,868 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$471.8K
$412.8K – $550.4K
NOI $33,024 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - 1600 SF office/warehouse combo, minutes from I-95 and US-1.
Where is this flex space located?
The property is located at 702 W PARK Ave A1 Edgewater, FL.
What is the asking price?
The asking price for this property is $434,000.
What are key features of this property?
This property features: Prime location minutes from I‑95 and US‑1, near Edgewater Airport and a major industrial park.; Office/warehouse combo with 800 sq ft of office space and 800 sq ft of warehouse space.; Functional layout suitable for contractors, distribution, creative trades, or light assembly.
