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

    90 Palm Breeze Dr Edgewater, FL 32141

    • Commercial land
    • 0.22 lot acres
    For Sale
    View listing
    $195,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-6586787
    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

    • Commercial land

    Property Details for 90 Palm Breeze Dr

    Lot size
    0.22 lot acres
    Zone code
    R3
    Property type
    Commercial land
    APN
    8402-00-00-0262
    APU
    840200000262

    Description

    This exceptional 31,363.2 square foot parcel located at 90 Palm Breeze Drive, Edgewater, Florida, 32141 presents a unique investment opportunity. Situated east of S. Ridgewood Ave./US 1, this property boasts a highly desirable location just steps from the Intracoastal Waterway. The land is currently zoned Highway Commercial B-3, offering immediate commercial potential. However, a rezoning application to residential was submitted in June 2024, opening up exciting possibilities for residential development. The property's location within a small, quiet neighborhood with a single point of entry/exit ensures peace and tranquility. The convenience of nearby shopping and dining adds to its appeal. This expansive lot offers three contiguous parcels, providing flexibility for buyers. The seller is open to selling the entire 31,363.2 square foot parcel or individual lots, catering to various investment strategies. This is a rare chance to acquire a substantial piece of land in a prime Edgewater location with both commercial and residential potential. The property's proximity to the Intracoastal Waterway adds significant value and desirability. Don't miss this opportunity to secure a piece of Edgewater's thriving real estate market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Edgewater
    County
    Volusia
    State
    Florida
    Longitude
    -80.889
    Latitude
    28.9619
    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
    $244
    $20,999
    $0.00
    $20,999
    -
    $20,999
    $0.00
    $20,999

    Comparable in this City

    • Value Estimation by Request
      0.50 Acres

      103 Palm Breeze Dr

      VACANT COMMERCIAL LAND • 0.50 Acres
      103 Palm Breeze Dr, Edgewater, FL 32141-5901
      View Details
    • Value Estimation by Request
      0.44 Acres

      Ridgewood Ave

      VACANT COMMERCIAL LAND • 0.44 Acres
      Ridgewood Ave, Edgewater, FL 32141
      View Details
    • Value Estimation by Request
      0.69 Acres

      3801 Ridgewood Ave

      VACANT COMMERCIAL LAND • 0.69 Acres
      3801 Ridgewood Ave, Edgewater, FL 32141
      View Details
    • Value Estimation by Request
      0.18 Acres

      Ridgewood Ave

      VACANT COMMERCIAL LAND • 0.18 Acres
      Ridgewood Ave, Edgewater, FL 32141
      View Details
    • Value Estimation by Request
      0.39 Acres

      Ridgewood Ave

      VACANT COMMERCIAL LAND • 0.39 Acres
      Ridgewood Ave, Edgewater, FL 32141
      View Details
    • Value Estimation by Request
      1.49 Acres

      Ridgewood Ave

      VACANT COMMERCIAL LAND • 1.49 Acres
      Ridgewood Ave, Edgewater, FL 32141
      View Details

    Similar Nearby for Sale

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      Volusia County Commercial Land Opportunity

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      Commercial Land Available

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      Commercial Land Ready to Build

      1.38 acres of commercially zoned land ready for development.
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    Similar Nearby for Lease

    • $18,000 /Mo

      Office Space For Rent

      Office space available for rent. Contact for specific needs.
      2111 S Ridgewood Ave, Edgewater, FL 32141
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    • $5,400 /Mo

      Warehouse Units with Utilities Included

      Warehouse units featuring walk-through, garage door, sink, and toilet.
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      Retail Space in Growing Edgewater

      Retail space available in a vibrant neighborhood center.
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    • $12,000 /Mo
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      Turnkey Restaurant Opportunity in Edgewater

      Turnkey restaurant for lease on US Highway 1 in Edgewater.
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    • Contact for pricing
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      Retail Space in Edgewater Commons

      Retail space available in busy Edgewater shopping center.
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      34,695 SF

      Edgewater Retail/Warehouse Flex Space

      9,200 SF retail/warehouse space in a rapidly growing corridor.
      3042 S Ridgewood Ave, Edgewater, FL 32141
      View Details
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    90 Palm Breeze Dr
    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.

    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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