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    4332 Cedar Way Edgewater, FL 32141

    Sponsored
    For Sale
    $68,000

    LAND - Edgewater, FL

    Lot size:
    0.11 Acres
    Days on Market:
    4
    Last Refresh:
    Jan 15 at 10:06 am

    Property Features for 4332 Cedar Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    8538-12-02-1850
    Lot size
    0.11 Acres

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Public Sewer
    Water source
    Public

    Realty Pros Assured

    Listing agent Emily Van Doorn (386) 679-6540

    Listing date Jan 12, 2026

    MLS# 1221443 Listing URL

    Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterfront Community Building Opportunity

    This vacant corner lot, measuring 50 x 100, is located in the Terra Mar Village waterfront community. The property is cleared and level, situated on a quiet cul-de-sac. Zoned M5, the lot allows for the construction of a new manufactured home, relocation of an existing manufactured home, or construction of a single-family concrete block or wood/metal-frame home. A county-approved variance for extended setbacks is in place, and site plans are available for a 2-bedroom, 2-bath home with loft, two driveways, and carport. Located in Flood Zone X, flood insurance is not required. The all-age community includes two pools (one heated), a clubhouse, bocce ball, shuffleboard, RV and boat storage, boat slips (lease available), a private boat ramp with Intracoastal access, a boat dock, and a new fishing pier. The property is zoned for the New Smyrna Beach school district and is located close to shopping, dining, and New Smyrna Beach.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Gym & Fitness Auto Repair Shop Accounting Firm Grocery Store Auto Parts Store Food Market Convenience Store Electrical Service Furniture Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Edgewater
    County
    Volusia
    State
    Florida
    Longitude
    -80.865122
    Latitude
    28.914914

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    FAQs

    What type of property is this?
    Residential land & home lot - Vacant corner lot in desirable waterfront community with many amenities.
    Where is this residential land & home lot located?
    The property is located at 4332 Cedar Way Edgewater, FL.
    What is the asking price?
    The asking price for this property is $68,000.
    What are key features of this property?
    This property features: - Waterfront community with Intracoastal access via **private boat ramp, boat dock, and boat slips (lease available)**.; - Vacant 50 x 100 corner lot, cleared and level, ready for construction or placement of a manufactured home.; - Zoned M5 allowing for manufactured home, relocation of manufactured home, or single-family home construction.
    (386) 679-6540
    Request Owner's contact information
    4332 Cedar Way Edgewater, FL 32141
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    Edgewater, FL 32141
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4332 Cedar Way Edgewater, FL 32141
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