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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    341 Skwy Dr2i Edgewater, FL 32132-3057

    • Investment properties
    • 3,400 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimations
    $535,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3392635
    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

    • Aviation Tech Services / Transportation Service
    • Designs By Vic / Cabinet Maker

    Property Details for 341 Skwy Dr2i

    Year built
    1993
    Construction
    WOOD
    Lot size
    0.08 lot acres
    Property size
    3,400 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    7431-03-00-0090
    APU
    743103000090

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $700,000
      6.5%
      $645,000
      7%
      $600,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $523,000
      Market price range: $316k - $947k
      AI Estimate
      $436,000
      Market price range: $195k - $818k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $600,000
      Current use
      AUTO REPAIR, GARAGE
      $845,000
      Change: +41% Conversion: Difficult
      MEDICAL BUILDING
      $630,000
      Change: +5% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $610,000
      Change: +2% Conversion: Difficult
      RETAIL STORES
      $600,000
      Change: +0% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Edgewater
    County
    Volusia
    State
    Florida
    Longitude
    -80.927
    Latitude
    28.983
    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
    $4,738
    $88,400
    $206,759
    $295,159
    -
    $88,400
    $206,759
    $295,159

    Comparable in this City

    • Value Estimation by Request
      1,408 SF

      409 Mango Tree Dr

      STORE/OFFICE (MIXED USE) • 1,408 SF
      409 Mango Tree Dr, Edgewater, FL 32132-2008
      View Details
    • Value Estimation by Request
      1,624 SF

      412 Park Ave

      STORE/OFFICE (MIXED USE) • 1,624 SF
      412 Park Ave, Edgewater, FL 32132-1406
      View Details
    • Value Estimation
      $605,000
      2,568 SF

      1108 Ridgewood Ave

      STORE/OFFICE (MIXED USE) • 2,568 SF
      1108 Ridgewood Ave, Edgewater, FL 32132-2714
      View Details
    • Value Estimation by Request
      1,500 SF

      511 Pullman Rd, Unit B3

      STORE/OFFICE (MIXED USE) • 1,500 SF
      511 Pullman Rd, Edgewater, FL 32132-1468
      View Details
    • Value Estimation
      $685,000
      4,340 SF

      1001 Ridgewood Ave

      STORE/OFFICE (MIXED USE) • 4,340 SF
      1001 Ridgewood Ave, Edgewater, FL 32132-2332
      View Details
    • Value Estimation
      $625,000
      2,440 SF

      606 Ridgewood Ave

      STORE/OFFICE (MIXED USE) • 2,440 SF
      606 Ridgewood Ave, Edgewater, FL 32132-1624
      View Details

    Similar Nearby for Sale

    • $1,450,000
      1,800 SF

      Edgewater Mixed-Use Development Land

      Prime 23.75-acre site, ideal for commercial ventures.
      Indian River Blvd, Edgewater, FL 32132
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    • $1,450,000

      Edgewater Commercial Land - $1.45M

      Prime 23.75-acre commercial land in Edgewater, FL.
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      Edgewater Commercial Land - $105K

      Prime Edgewater lot, high traffic area.
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    • $1,350,000
      7,600 SF

      Edgewater Mixed-Use Investment

      1.53 Acres, High-Traffic Location, $145K+ Annual Income
      1092 Ridgewood Ave, Edgewater, FL 32132
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    • $1,450,000

      Edgewater Commercial Land - $1.45M

      Prime 23.75-acre commercial lot in Edgewater, FL.
      0 Indian River Blvd, Edgewater, FL 32132
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    • $1,300,000
      13.50 Acres

      Edgewater Development Land

      13.5 Acres, Prime Location, Opportunity Zone
      0 Ridgewood Ave & Pearl St, Edgewater, FL 32132
      View Details

    Similar Nearby for Lease

    • $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
    • $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
    • $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
    • $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
    • $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
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    341 Skwy Dr2i
    Edgewater, FL 32132-3057
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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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