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    Property profile & analytics

    1731 Fern Palm Dr Edgewater, FL 32132

    • Warehouses
    • 7,200 SF
    • 1.70 lot acres
    For Sale
    View listing
    $6,088,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3131496
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • A1 Non Stop Weld & Fbrctng / Welder
    • D. Day's Lawn and Garden Equipment LLC / Lawn Mower Repair Service / Small Engine Repair Service

    Property Details for 1731 Fern Palm Dr

    Year built
    2000
    Construction
    WOOD
    Lot size
    1.70 lot acres
    Property size
    7,200 SF
    Zone code
    I-1
    Property type
    Warehouses
    APN
    8402-01-00-2540
    APU
    840201002540

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $965,000
      6.5%
      $890,000
      7%
      $825,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $613,000
      Market price range: $420k - $1.13M
      AI Estimate
      $874,000
      Market price range: $672k - $1.47M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $760,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,290,000
      Change: +70% Conversion: Moderate
      RETAIL STORES
      $1,270,000
      Change: +67% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $1,270,000
      Change: +67% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $935,000
      Change: +23% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Edgewater
    County
    Volusia
    State
    Florida
    Longitude
    -80.9023
    Latitude
    28.9725
    CBSA code
    19660
    CBSA name
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,837
    $110,918
    $362,800
    $473,718
    -
    $110,918
    $362,800
    $473,718

    Comparable in this City

    • Value Estimation
      $880,000
      6,076 SF

      118 Mockingbird Ln

      WAREHOUSE, STORAGE • 6,076 SF
      118 Mockingbird Ln, Edgewater, FL 32132-1562
      View Details
    • Value Estimation
      $875,000
      9,835 SF

      1701 Ridgewood Ave

      WAREHOUSE, STORAGE • 9,835 SF
      1701 Ridgewood Ave, Edgewater, FL 32132-3655
      View Details
    • Value Estimation by Request
      1,938 SF

      210 Parktowne Blvd Ste, Unit 4

      WAREHOUSE, STORAGE • 1,938 SF
      210 Parktowne Blvd Ste, Edgewater, FL 32132-1476
      View Details
    • Value Estimation by Request
      3,122 SF

      205 Parktowne Blvd Ste, Unit 4

      WAREHOUSE, STORAGE • 3,122 SF
      205 Parktowne Blvd Ste, Edgewater, FL 32132-1480
      View Details
    • Value Estimation
      $720,000
      7,770 SF

      129 Marion Ave

      WAREHOUSE, STORAGE • 7,770 SF
      129 Marion Ave, Edgewater, FL 32132-3568
      View Details
    • Value Estimation by Request
      3,600 SF

      702 Park Ave E E Ste

      WAREHOUSE, STORAGE • 3,600 SF
      702 Park Ave E E Ste, Edgewater, FL 32132-1411
      View Details

    Similar Nearby for Sale

    • $1,700,000

      New Industrial Building with Customization

      Pre-construction 14,080 sq ft industrial building with customization options.
      415 Timaquan Trl, Edgewater, FL 32132
      View Details
    • $6,088,000
      34,300 SF

      Edgewater, FL Warehouse Portfolio

      34,300 SF Industrial Investment
      1731 Fern Palm Dr, Edgewater, FL 32132
      View Details
    • $639,000
      4,000 SF

      Edgewater Warehouse Investment

      High-return industrial property in FL.
      708 Park Ave, Edgewater, FL 32132
      View Details
    • $1,200,000
      7,800 SF

      Edgewater Office/Warehouse Investment Opportunity

      Office/warehouse space in Edgewater, suitable for investors or owner-users.
      328 North Ridgewood Ave, Edgewater, FL 32132
      View Details
    • $1,200,000

      Edgewater Office/Warehouse Investment Opportunity

      Office/warehouse space in growing Edgewater, suitable for investors or owner-users.
      328 N Ridgewood Ave, Edgewater, FL 32132
      View Details
    • $1,700,000
      14,080 SF

      Edgewater Industrial Building - For Sale

      New Construction, 14,080 sq ft, Prime Location
      415 Timaquan Trl, Edgewater, FL 32132
      View Details

    Similar Nearby for Lease

    • $13,200 /Mo

      Spacious Light Industrial Bay

      Light industrial bay with roll-up doors and ample lighting.
      1518 Industrial Dr, Edgewater, FL 32132
      View Details
    • $5,000 /Mo
      12,197 SF

      Edgewater Warehouse with Loading Dock

      Available warehouse space with roll-up door and loading dock.
      115 Whetzel St, Edgewater, FL 32132
      View Details
    • $2,500 /Mo
      800 SF

      Versatile Office/Warehouse Space Available

      1600 SF office/warehouse combo in Edgewater, minutes from I-95.
      702 W Park Ave, Edgewater, FL 32132
      View Details
    • $3,000 /Mo
      1,600 SF

      Edgewater Office/Warehouse Space Available

      Versatile 1,600 SF office/warehouse near I-95 and US-1.
      702 W Park Ave, Edgewater, FL 32132
      View Details
    • $90,000
      272,250 SF

      Edgewater Industrial Flex Space

      6.25 Acres, Fully Improved, I-95 Access
      421 Timaquan Trl, Edgewater, FL 32132
      View Details
    • $395 /Mo

      Office Space in Prime Location

      Office spaces available in a well-located, freestanding building.
      1001 S Ridgewood Ave, Edgewater, FL 32132
      View Details
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    1731 Fern Palm Dr
    Edgewater, FL 32132
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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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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