Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1 Menorca Way Palm Coast, FL 32137

    Sponsored
    For Sale
    $210,000

    Land - PALM COAST, FL

    Lot size:
    0.16 Acres
    Days on Market:
    7
    Last Refresh:
    Jan 30 at 4:06 am

    Property Features for 1 Menorca Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    PUD
    APN
    35-11-31-4075-00000-1190
    Pets allowed
    No
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Expense value
    357
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Monthly

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Steven Koleno
    Steven Koleno

    beycome (844) 239-2663

    Listing agent Steven Koleno (844) 239-2663 License #3469487

    Listing date Jan 24, 2026

    MLS# O6369549 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Corner Lot in Gated Community

    This corner lot offers an exceptional opportunity to build a dream home within the gated community of Marina Del Palma. This intercoastal neighborhood provides a blend of tranquility and resort-style living. The lot includes access to state-of-the-art dry boat storage, a dog park, tennis courts, a clubhouse, a resort pool and spa, and a 24-hour gym, as well as a marina. Located in Palm Coast, Florida, the property is approximately 10 minutes from the beach. The lot measures 57 x 125 and is subject to a monthly HOA fee for all amenities. The lot size is 0.16 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palm Coast
    County
    Flagler
    State
    Florida
    Longitude
    -81.152198
    Latitude
    29.499

    Nearby Similar for Sale

    • $1,350,000
      5,773 SF

      Palm Coast Office Building For Sale

      Two-story office building in Palm Coast's thriving business district.
      7 Florida Park Dr N, Palm Coast, FL 32137
      View Details
    • $1,350,000
      5,773 SF

      Palm Coast Office Building Investment

      Two-story office building in Palm Coast's thriving business district.
      7 Florida Park Dr N, Palm Coast, FL 32137
      View Details
    • $995,000
      2,000 SF

      A1A Frontage Restaurant Opportunity

      Restaurant-approved property with A1A frontage and ample parking.
      5062 N Ocean Shr Blvd, Palm Coast, FL 32137
      View Details
    • $549,900
      2,800 SF

      Palm Coast Duplex with Lanai

      Duplex in Palm Coast's Palm Harbor Community, close to amenities.
      8 Fawn Ln, Palm Coast, FL 32137
      View Details
    • $435,000
      Pending

      Turnkey Restaurant Commercial Condo

      Fully equipped restaurant condo for sale in prime location.
      160 Cypress Point Pkwy, Palm Coast, FL 32164
      View Details
    • $534,900
      2,422 SF

      Modern Duplex in Palm Coast

      Well-designed duplex with income potential near highways and beaches.
      84 Buttonworth Dr, Palm Coast, FL 32137
      View Details
    • $534,900
      2,422 SF

      Modern Duplex in Palm Coast

      Well-designed duplex with income potential near beaches and amenities.
      84 Buttonworth Dr, Palm Coast, FL 32137
      View Details
    • $549,000
      Pending

      Palm Coast Duplex Built 2021

      2021-built duplex in Palm Coast with two-car garages.
      4 Karat Path, Palm Coast, FL 32164
      View Details
    • $650,000
      Pending

      New Duplex in Palm Coast, FL

      New duplex with luxury finishes, near the beach and freeway.
      1 Fanshawe Ln, Palm Coast, FL 32137
      View Details
    • $650,000
      Pending

      New Palm Coast Duplex Investment

      New duplex in Palm Coast near the beach.
      1 Fanshawe Ln, Palm Coast, FL 32137
      View Details
    • $558,900
      Pending

      Turnkey Duplex Investment Opportunity

      New, fully leased duplex generating $3,900 monthly income.
      76 Rickenbacker Dr, Palm Coast, FL 32164
      View Details
    • $540,000
      2,377 SF

      Corner Lot Duplex in Palm Coast

      Upgraded duplex on a corner lot, ideal for investment.
      2 Rainbow Ln, Palm Coast, FL 32164
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Corner lot in gated community with resort-style amenities, near beach.
    Where is this residential land & home lot located?
    The property is located at 1 Menorca Way Palm Coast, FL.
    What is the asking price?
    The asking price for this property is $210,000.
    What are key features of this property?
    This property features: - Located in the gated community of Marina Del Palma.; - Includes access to state-of-the-art dry boat storage.; - Resort-style amenities include a pool, spa, clubhouse, 24-hr gym, tennis courts, and dog park.
    (804) 656-5007
    Request Owner's contact information
    1 Menorca Way Palm Coast, FL 32137
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1 Menorca Way
    Palm Coast, FL 32137
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1 Menorca Way Palm Coast, FL 32137
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Steven Koleno
    Steven Koleno
    Real Estate License ID: 383485
    (804) 656-5007
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.