Versatile Commercial Unit in Palm
160 CYPRESS POINT Parkway Palm Coast, FL 32164
160 CYPRESS POINT Parkway, Palm Coast, FL, 32164
$369,000
Pending
For Sale
$369,000
Pending
SINGLE_FAMILY - PALM COAST, FL
Property Size1,170 SF
Lot Size0.03 Acres
Days on Market135
Property Features for 160 CYPRESS POINT Parkway
General Information
- Property type
- Residential
- Property subtype
- Office
- Standard status
- Pending
- APN
- 20814
- Size
- 1,170 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- CITY WALK CONDOMINIUM UNIT D114 OR 1852 PG 72 OR 1975/1748 OR 2183/960
- Tax Annual Amount
- 2610
Utilities
- Utilities
- Electricity Available
- Sewer type
- Public Sewer
- Cooling system
- Central Air
Building Details
- Year built
- 2008
- Floors in Building
- 1
- Flooring type
- Vinyl, Tile - Ceramic
- Building materials
- Block
Listing agency
WELCOME HOME REAL ESTATE LLC
(386) 283-5620
Listed by
Fatima Queiros · License #3069267
(386) 931-5065
Added: Mar 11 Updated: Jul 20 at 8:49PM Checked: Jul 23 at 5:06AM
MLS# FC316854
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 commercial unit is located in City Marketplace in Palm Coast. The first-floor unit features an open floor plan suitable for retail, office, studio, or service-based operations. It includes two separate entrances, one at the front for customer access and another at the rear for convenience, deliveries, or private entry, plus a dedicated private bathroom. The space has been freshly painted and features new flooring. Situated near businesses such as MPower Fitness and Dominic’s Deli, this location benefits from foot traffic and community presence. The plaza offers ample parking and a well-maintained environment. The property is 1170 square feet and sits on a 0.03-acre lot.
Key Highlights
- Prime location in the heart of Palm Coast's City Marketplace, benefiting from high foot traffic.
- Versatile open floor plan suitable for various business types.
- Turnkey condition with fresh paint and brand‑new flooring, ready for immediate occupancy.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.2k | $19.80 |
| − Vacancy | −$5.1k | −$4.36 |
| EGI | $18.1k | $15.44 |
| − OpEx | −$4.5k | −$3.86 |
| NOI | $13.6k | $11.58 |
1,170 SF · lease $19.80/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$193.6K
$169.4K – $225.9K
NOI $13,552 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$281.2K
$246.0K – $328.0K
NOI $19,681 @ 7.0% cap · market cap 5.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
WINDSHIELD GUYZ
Auto Repair Shop
Perfect Pizza Pie ...
Corporate Office
Scifo Financial Services
Accounting Firm
BETTER BUY REALTY
Real Estate Agency
Garrett Decker Realtor
Real Estate Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Turnkey commercial unit in a thriving Palm Coast marketplace.
Where is this office units located?
The property is located at 160 CYPRESS POINT Parkway Palm Coast, FL.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: Prime location in the heart of Palm Coast's City Marketplace, benefiting from high foot traffic.; Versatile open floor plan suitable for various business types.; Turnkey condition with fresh paint and brand‑new flooring, ready for immediate occupancy.
