Corner-Lot Duplex with
For Sale
$339,997
12 WELLWOOD Lane, Palm Coast, FL 32164
Residential Income, PALM COAST, FL
Property Size2,166 SF
Lot Size0.14 Acres
Price / SF$156.97
Days on Market101
Property Features for 12 WELLWOOD Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
DPX
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 4, Dining Room, Bathroom 4, Bedroom 3, Bedroom 2, Bedroom 1
Interior features
Cathedral Ceiling(s), Ceiling Fans(s), High Ceilings, L Dining, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Split Bedroom, Vaulted Ceiling(s), Walk-In Closet(s)
Exterior features
Private Entrance, Private Mailbox
Subdivision
PALM COAST SEC 21
Directions
Palm coast parkway to Wellwater Dr. To Wellwood
Standard status
Active
APN
07-11-31-7021-00040-0030
Size
2,166 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PALM COAST SECTION 21 BLOCK 00004 LOT 0003 SUBDIVISION COMPLETION YEAR 1977 OR BOOK 105 PAGE 552 OR 122 PG 628 OR 242 PG 70 OR 278 PG 980 OR 359 PG 749 OR 1270 PG 1012 OR 2379/1363
Tax Annual Amount
3200
Legal Description
PALM COAST SECTION 21 BLOCK 00004 LOT 0003 SUBDIVISION COMPLETION YEAR 1977 OR BOOK 105 PAGE 552 OR 122 PG 628 OR 242 PG 70 OR 278 PG 980 OR 359 PG 749 OR 1270 PG 1012 OR 2379/1363
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Amenities
screened lanais
Building Details
Year built
1989
Building materials
Concrete, Stone
Roof type
Shingle
Listing Agency:
REALTY EXCHANGE, LLC
(386) 446-0017
Listed By:
Carol Grau · License #3510677
(631) 875-2596
Added: May 21
Changed: Aug 26
Last Checked: Aug 29 at 5:06PM
MLS# FC318652
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.
Investment Insights
Based on property information with market context.
This duplex contains two residential units totaling 4 bedrooms, 4 bathrooms, and 2,166 square feet on a 0.14-acre corner lot. One unit includes a loft, while both residences feature separate entrances positioned on different corners of the property, screened lanais, oversized driveways, and access to a 2-car garage. Interior features include open floorplans, vaulted or high ceilings, solid-surface counters, walk-in closets, and primary bedrooms on the main floor.
The property has a shingle roof replaced in 2017 and central AC units installed in 2019. Public water and public sewer serve the site, with cable available. Zoned DPX, the property is near shopping, hospitals, and major roadways, with access to Daytona Beach and St. Augustine.
The property has a shingle roof replaced in 2017 and central AC units installed in 2019. Public water and public sewer serve the site, with cable available. Zoned DPX, the property is near shopping, hospitals, and major roadways, with access to Daytona Beach and St. Augustine.
Key Highlights
- Two‑unit duplex with 4 bedrooms and 4 bathrooms totaling 2,166 SF
- 0.14‑acre corner lot with separate entrances around different corners
- One unit includes a loft; both units have screened lanais
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,010
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$500,200
$500.2K
Cap Rate 7%
$357,286
$357.3K
Cap Rate 9%
$277,889
$277.9K
Market Conditions
NOI Build-Up for 2,166 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$37.7K $17.40/SF
− Vacancy
−$2.0K −$0.90/SF
EGI
$35.7K $16.50/SF
− OpEx
−$10.7K −$4.95/SF
NOI
$25.0K $11.55/SF
Area
Flagler County, FL
Vacancy
5.20%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$500,200
Cap Rate 7%
$357,286
Cap Rate 9%
$277,889
Alternative Uses
Best Use
Multifamily LT 5
$357.3K
$312.6K – $416.8K
NOI $25,010 @ 7.0% cap · market cap 7.36%
Second Best
Apartment 5plus
$317.4K
$277.8K – $370.3K
NOI $22,220 @ 7.0% cap · market cap 6.54%
Theoretical Best
Office A
$520.5K
$455.5K – $607.3K
NOI $36,436 @ 7.0% cap · market cap 10.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
587
Businesses Nearby
Explore this area
Business Placement
Demographics for 32164, FL
49,412
Population
22,902
Households
2.2
Avg Household Size
48
Median Age
26%
College-Educated
91%
High-School Grad
32.5 sq mi
ZIP Area
1,520
Density / Sq Mi
$71,738
Median Household Income
$37,976
Median Earnings
$1,724
Median Rent
$308,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer separate entries, screened lanais, and flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 12 WELLWOOD Lane Palm Coast, FL.
What is the asking price?
The asking price for this property is $339,997.
What are key features of this property?
This property features: Two‑unit duplex with 4 bedrooms and 4 bathrooms totaling 2,166 SF; 0.14‑acre corner lot with separate entrances around different corners; One unit includes a loft; both units have screened lanais
