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    The Largest CRE Database in the US with Over 1 Million Listings

    Cornelia Downing Manfre Ccim, Palm Coast, FL

    License ID: BK3008604
    First Coast Sotheby's Intl
    Years of Experience
    17
    Association
    Flagler County Association Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (386) 276-9200
    Office Address:
    4440 N Oceanshore Blvd Unit 110, Palm Coast, FL, 32137

    Performance

    Listings
    15
    Total transactions
    14
    Total transactions amount
    $6M
    Price range
    $286k - 644k
    Average price
    $429k

    Listings

    For Sale (10)

    View map
    • $4,000,000
      30.00 Acres

      Daytona Beach Mixed-Use Land

      30-acre prime commercial/residential land
      0 International Speedway Blvd, Daytona Beach, FL 32124
      View Details
    • $1,350,000
      5.44 Acres

      Prime Bunnell Commercial Land

      5.44 Acres, B-1 Zoning, High Growth
      0 State Rte 100, Bunnell, FL 32110
      View Details
    • $7,500,000
      44.59 Acres

      Palm Coast Commercial Land - $7.5M

      44.59 Acres, Prime Commercial Location
      0 State Rte 100, Palm Coast, FL 32137
      View Details
    • $1,650,000
      10.61 Acres

      US Hwy 1 Commercial Land

      Prime 10-Acre Commercial Site
      00 Us 1 Hwy, Palm Coast, FL 32164
      View Details
    • $5,036,000

      Palm Coast Industrial Property

      Industrial property available for sale in Palm Coast, Florida.
      32 Hargrove Grade, Palm Coast, FL 32137
      View Details
    • $1,300,000

      Flagler Beach Land Opportunity

      Commercial land available in Flagler Beach, Florida.
      225 N Flagler Ave, Flagler Beach, FL 32136
      View Details
    • $110,000

      Palm Coast Land For Sale

      Land available in Palm Coast, Florida.
      223 St. Joe Plz, Palm Coast, FL 32164
      View Details
    • $80,000

      Land in Palm Coast, Florida

      Located in Palm Coast, close to shopping, banking, and amenities.
      3 Zircon Ct, Palm Coast, FL 32164
      View Details
    • $1,318,900

      Palm Coast Commercial Land

      Commercial land available in Palm Coast, Florida.
      2 Armand Beach Dr, Palm Coast, FL 32137
      View Details
    • $1,650,000

      Palm Coast Land For Sale

      U.S. 1 Highway land available in Palm Coast, Florida.
      00 U.S 1 Hwy, Palm Coast, FL 32164
      View Details

    For Lease (5)

    View map
    • $11 SF/Yr
      16,000 SF

      Palm Coast Industrial Warehouse

      Two 8,000 SF Warehouses, Q1 2025
      26 Hargrove Grde, Palm Coast, FL 32137
      View Details
    • $14,400 /Mo

      Retail Space For Rent

      Retail space available for lease in Palm Coast, Florida.
      1 Armand Beach Dr, Palm Coast, FL 32137
      View Details
    • $30,480

      Office/Retail Space For Rent

      Office and retail space available for lease.
      2 Armand Bch Dr. Dr, Palm Coast, FL 32137
      View Details
    • $100,000

      New Industrial Construction in Palm Coast

      New industrial space for lease, available Q1 2025.
      26 Hargrove Grade 1, Palm Coast, FL 32137
      View Details
    • $100,000

      New Industrial Construction in Palm Coast

      New industrial space for lease, available Q1 2025.
      26 Hargrove Grade 2, Palm Coast, FL 32137
      View Details

    Leases and Sales on Map

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    • For Lease

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    Cornelia Downing Manfre Ccim, Palm Coast, FL
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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.

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