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    1731 Fern Palm Dr Edgewater, FL 32132

    Sponsored
    For Sale
    $6,088,000

    34,300 SF Industrial Investment

    Property size:
    34,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity encompasses a two-property portfolio totaling 34,300 square feet of light industrial space within the Parktowne Industrial Complex in Edgewater, Florida. The portfolio consists of three buildings at 1731 Fern Palm Drive (13,500 SF) and two buildings at 407 Timaquan Trail (20,800 SF), situated just three miles apart. Individual unit sizes range from 1,500 to 2,400 square feet, offering flexibility for various tenant needs. The properties boast impressive features including ceiling heights ranging from 12 to 19 feet (eave height), a recently recoated roof with a 10-year warranty, and a durable 6-inch thick concrete parking lot. Both properties are meticulously maintained, exhibiting no deferred maintenance. Currently fully leased on month-to-month agreements, primarily with long-term tenants, the portfolio generates a stable income stream. Leases are structured as modified gross, with tenants responsible only for electricity costs; units are individually metered for power. Water is not separately metered. The average annual lease rate across both properties is $10.97 per square foot, modified gross. Owner expenses for the past twelve months averaged $1.81 per square foot. This portfolio presents a compelling opportunity for investors seeking a well-maintained, income-producing industrial asset in a desirable Florida location. The asking price for this exceptional portfolio is $6,088,000.

    Property Features for 1731 Fern Palm Dr

    General Information

    Property type
    Distribution properties
    Square Feet
    34,300 SF

    HighLights

    • $6,088,000 asking price for a 34,300 square foot industrial warehouse portfolio.
    • Located in Edgewater, Florida, in the Parktowne Industrial Complex.
    • Two properties totaling 34,300 square feet of small bay light industrial space; units range from 1,500 to 2,400 square feet.
    • Ceiling heights range from 12 to 19 feet; roof recently coated with a 10‑year warranty; 6‑inch thick concrete parking lot.
    • Immaculately maintained with no deferred maintenance; fully leased on month‑to‑month leases with mostly long‑term tenants.
    • Modified gross leases with tenants paying only for electricity; units metered separately for power; average lease rate is $10.97 per square foot per year.
    Property Profile Location Intelligence

    Current Use by Public Records

    A1 Non Stop ... Welder D. Day's Lawn ... Lawn Mower Repair Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Edgewater
    County
    Volusia
    State
    Florida
    Longitude
    -80.9026467
    Latitude
    28.9726469

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    FAQs

    What type of property is this?
    Distribution property - 34,300 SF Industrial Investment
    Where is this distribution property located?
    The property is located at 1731 Fern Palm Dr Edgewater, FL.
    What is the asking price?
    The asking price for this property is $6,088,000.
    What are key features of this property?
    This property features: $6,088,000 asking price for a 34,300 square foot industrial warehouse portfolio.; Located in Edgewater, Florida, in the Parktowne Industrial Complex.; Two properties totaling 34,300 square feet of small bay light industrial space; units range from 1,500 to 2,400 square feet.
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    1731 Fern Palm Dr Edgewater, FL 32132
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    Edgewater, FL 32132
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    Realmo Value Estimation

    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.

    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
    1731 Fern Palm Dr Edgewater, FL 32132
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