Office/Warehouse Flex
For Sale
$385,000
A1-702 W Park Ave, Edgewater, FL 32132
Well-maintained flex building with dedicated office area, warehouse space, and a built-in mezzanine for storage.
Property Size2,800 SF
Price / SF$137.50
Days on Market242
Property Features for A1-702 W Park Ave
General Information
Standard status
Active
Size
2,800 SF
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$1,825
Listing Agency:
White Whale Real Estate
Listed By:
Chris Schwarz
(386) 689-5171
Source:
Exprealty
Added: Feb 10
Changed: Oct 1
Last Checked: Oct 9 at 7:59PM
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 flex space offers a combined office and warehouse setup totaling 2,800 square feet. The property includes 800 square feet of clean office space with two private offices and two separate restrooms. The remaining 800 square feet is warehouse space with high ceilings and a built-in mezzanine for additional storage. An upstairs unit totaling 1,200 square feet is currently utilized for admin space, supporting a practical layout for day-to-day operations.
The building is described as well-located in Edgewater, with access just minutes from I-95 and US-1. The Edgewater Airport (Massey Ranch) and a major industrial park are also noted nearby.
The property is maintained and configured for flexible business use, with a stated restriction that automotive, painting, and furniture-related businesses are not permitted.
The building is described as well-located in Edgewater, with access just minutes from I-95 and US-1. The Edgewater Airport (Massey Ranch) and a major industrial park are also noted nearby.
The property is maintained and configured for flexible business use, with a stated restriction that automotive, painting, and furniture-related businesses are not permitted.
Key Highlights
- 2800 SF office/warehouse flex building with 800 SF office and 800 SF warehouse plus an upstairs unit
- 800 SF office includes two private offices and two separate restrooms
- 800 SF warehouse features high ceilings and a built‑in mezzanine for extra storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,574
Cap Rate
8.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$631,480
$631.5K
Cap Rate 7%
$451,057
$451.1K
Cap Rate 9%
$350,822
$350.8K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$53.1K $18.96/SF
− Vacancy
−$4.5K −$1.61/SF
EGI
$48.6K $17.35/SF
− OpEx
−$17.0K −$6.07/SF
NOI
$31.6K $11.28/SF
Area
Volusia County, FL
Vacancy
8.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$631,480
Cap Rate 7%
$451,057
Cap Rate 9%
$350,822
Alternative Uses
Best Use
Flex RnD
$451.1K
$394.7K – $526.2K
NOI $31,574 @ 7.0% cap · market cap 8.20%
Second Best
Warehouse
$321.7K
$281.5K – $375.3K
NOI $22,520 @ 7.0% cap · market cap 5.85%
Theoretical Best
Office A
$825.6K
$722.4K – $963.2K
NOI $57,792 @ 7.0% cap · market cap 15.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
371
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
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Frequently Asked Questions
What type of property is this?
Flex space - Well-maintained flex building with dedicated office area, warehouse space, and a built-in mezzanine for storage.
Where is this flex space located?
The property is located at A1-702 W Park Ave Edgewater, FL.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 2800 SF office/warehouse flex building with 800 SF office and 800 SF warehouse plus an upstairs unit; 800 SF office includes two private offices and two separate restrooms; 800 SF warehouse features high ceilings and a built‑in mezzanine for extra storage
