First-Floor Office
For Sale
Under Contract
$369,000
160 CYPRESS POINT Parkway, Palm Coast, FL 32164
Commercial Sale, PALM COAST, FL
Property Size1,170 SF
Lot Size0.03 Acres
Price / SF$315.38
Days on Market182
Property Features for 160 CYPRESS POINT Parkway
General Information
Property type
Commercial Sale
Property subtype
Office
Subdivision
CITY WALK COMM CONDO
Directions
Palm Coast Pkwy to Cypress Edge to City Marketplace (located in shopping plaza behind Walmart)
Standard status
Active Under Contract
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
Legal Description
CITY WALK CONDOMINIUM UNIT D114 OR 1852 PG 72 OR 1975/1748 OR 2183/960
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Cooling system
Central Air
Amenities
two separate entrances
private bathroom
ample parking
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
Changed: Aug 24
Last Checked: Sep 8 at 11:06AM
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 1,170-square-foot first-floor office unit offers an open interior arrangement with two separate entrances, supporting customer access at the front and deliveries or private entry at the rear. The space includes a dedicated bathroom, vinyl and ceramic tile flooring, central air, block construction, and a 2008 build date. Fresh paint and new flooring provide an updated interior presentation.
The unit is located in City Marketplace at 160 Cypress Point Parkway in Palm Coast. The commercial center includes ample parking and is near MPower Fitness and Dominic's Deli. Electricity is available, and the property is served by public sewer.
The unit is located in City Marketplace at 160 Cypress Point Parkway in Palm Coast. The commercial center includes ample parking and is near MPower Fitness and Dominic's Deli. Electricity is available, and the property is served by public sewer.
Key Highlights
- 1,170 square feet of first‑floor office space
- Open layout with front and rear entrances
- Dedicated private bathroom within the unit
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
$16,818
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
4.56%
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%
$336,360
$336.4K
Cap Rate 7%
$240,257
$240.3K
Cap Rate 9%
$186,867
$186.9K
Market Conditions
NOI Build-Up for 1,170 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
$26.0K $22.20/SF
− Vacancy
−$1.9K −$1.67/SF
EGI
$24.0K $20.54/SF
− OpEx
−$7.2K −$6.16/SF
NOI
$16.8K $14.37/SF
Area
Flagler County, FL
Vacancy
7.50%
Lease Rate
$22.20 /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%
$336,360
Cap Rate 7%
$240,257
Cap Rate 9%
$186,867
Alternative Uses
Best Use
Retail
$240.3K
$210.2K – $280.3K
NOI $16,818 @ 7.0% cap · market cap 4.56%
Second Best
Office B
$193.6K
$169.4K – $225.9K
NOI $13,552 @ 7.0% cap · market cap 3.67%
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,247
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Flexible commercial space with dual entrances, a private restroom, updated finishes, and central air conditioning.
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: 1,170 square feet of first‑floor office space; Open layout with front and rear entrances; Dedicated private bathroom within the unit
