Office/Warehouse Flex
702 W PARK AVENUE Unit A1 Edgewater, FL 32132
For Sale
$415,000
Flex unit includes clean office space, a warehouse with high ceilings and mezzanine, and additional second-floor office space.
Property Size2,800 SF
Price / SF$148.21
Days on Market167
Property Features for 702 W PARK AVENUE Unit A1
General Information
- Standard status
- Active
- Size
- 2,800 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1985
Listing Agency:
WHITE WHALE REAL ESTATE
(386) 689-5171
Listed By:
Christopher Schwarz · License #3216401
Source:
Xome
Added: Feb 7
Changed: Jul 24
Last Checked: Jul 24 at 5:54AM
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 office/warehouse flex unit is offered for sale and totals 2,800 square feet of combined work and storage space. The building includes 800 square feet of clean office area with two separate restrooms, plus an 800-square-foot warehouse with high ceilings and a built-in mezzanine for additional storage. There is also 1,200 square feet of additional office space on the second floor, supporting a flexible day-to-day layout.
The unit is located on W Park Avenue in Edgewater, with access to major regional roadways including I-95 and US-1 just minutes away. The property is positioned within the Edgewater business corridor and near an industrial park.
Use of the space is subject to restrictions: automotive, painting, and furniture-related businesses are not permitted.
The unit is located on W Park Avenue in Edgewater, with access to major regional roadways including I-95 and US-1 just minutes away. The property is positioned within the Edgewater business corridor and near an industrial park.
Use of the space is subject to restrictions: automotive, painting, and furniture-related businesses are not permitted.
Key Highlights
- 2,800 SF office/warehouse flex unit with clean office, warehouse, and second‑floor office space
- 800 SF office area with two separate restrooms
- 800 SF warehouse with high ceilings plus built‑in mezzanine for additional storage
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 | $53.1k | $18.96 |
| − Vacancy | −$4.5k | −$1.61 |
| EGI | $48.6k | $17.35 |
| − OpEx | −$17.0k | −$6.07 |
| NOI | $31.6k | $11.28 |
2,800 SF · lease $18.96/SF/yr · vacancy 8.50% · expense 35.00%
Alternative Uses
Best Use
Office B
$599.4K
$524.5K – $699.3K
NOI $41,958 @ 7.0% cap · market cap 10.11%
Second Best
Flex RnD
$451.1K
$394.7K – $526.2K
NOI $31,574 @ 7.0% cap · market cap 7.61%
Theoretical Best
Office A
$825.6K
$722.4K – $963.2K
NOI $57,792 @ 7.0% cap · market cap 13.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Hotel-Pak Gold Inc
Big Box & Wholesale Store
FAQs
What type of property is this?
Flex space - Flex unit includes clean office space, a warehouse with high ceilings and mezzanine, and additional second-floor office space.
Where is this flex space located?
The property is located at 702 W PARK AVENUE Unit A1 Edgewater, FL.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 2,800 SF office/warehouse flex unit with clean office, warehouse, and second‑floor office space; 800 SF office area with two separate restrooms; 800 SF warehouse with high ceilings plus built‑in mezzanine for additional storage
