First-Floor Office
For Sale
$349,900
160 CYPRESS POINT Parkway, Palm Coast, FL 32164
Commercial Sale, PALM COAST, FL
Property Size952 SF
Lot Size0.02 Acres
Price / SF$367.54
Days on Market624
Property Features for 160 CYPRESS POINT Parkway
General Information
Property type
Commercial Sale
Property subtype
Office
Subdivision
CTIY WALK COMM CONDO
Directions
Palm Coast Pkwy to Cypress Point Pkwy to City Walk
Standard status
Active
APN
07-11-31-1090-000A0-1020
Size
952 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
CITY WALK CONDOMINIUM UNIT A102 OR 1672 PG 608 OR 1997/1944 OR 2097/958
Tax Annual Amount
1495
Legal Description
CITY WALK CONDOMINIUM UNIT A102 OR 1672 PG 608 OR 1997/1944 OR 2097/958
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
2008
Flooring type
Tile
Building materials
Block
Listing Agency:
REALTY CENTRAL, INC.
(386) 445-8686
Listed By:
Pauline Flores · License #3090050
(386) 569-1206
Added: Dec 10, 2024
Changed: Aug 19
Last Checked: Aug 26 at 7:06AM
MLS# FC305735
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 952-square-foot office unit occupies the first floor of a commercial plaza and is currently configured as an accounting office. The layout includes multiple individual offices, an entry lobby with space for a receptionist desk, and a customer waiting area positioned near the front glass entry. Tile flooring, central air conditioning, and heat-pump heating are in place. The building was constructed in 2008 with block construction.
Public water and public sewer serve the property, with electricity available. The office is located in Palm Coast, Florida, within Flagler County, and occupies a 0.02-acre parcel.
Public water and public sewer serve the property, with electricity available. The office is located in Palm Coast, Florida, within Flagler County, and occupies a 0.02-acre parcel.
Key Highlights
- 952‑square‑foot first‑floor office unit
- Separate offices with a dedicated entry lobby
- Reception desk area and customer waiting space
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
$11,027
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
3.15%
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%
$220,540
$220.5K
Cap Rate 7%
$157,529
$157.5K
Cap Rate 9%
$122,522
$122.5K
Market Conditions
NOI Build-Up for 952 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
$18.8K $19.80/SF
− Vacancy
−$4.1K −$4.36/SF
EGI
$14.7K $15.44/SF
− OpEx
−$3.7K −$3.86/SF
NOI
$11.0K $11.58/SF
Area
Flagler County, FL
Vacancy
22.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
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%
$220,540
Cap Rate 7%
$157,529
Cap Rate 9%
$122,522
Alternative Uses
Best Use
Office B
$157.5K
$137.8K – $183.8K
NOI $11,027 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$228.8K
$200.2K – $266.9K
NOI $16,014 @ 7.0% cap · market cap 4.58%
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 - Configured with private offices, a reception area, and customer waiting space at the entry.
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 $349,900.
What are key features of this property?
This property features: 952‑square‑foot first‑floor office unit; Separate offices with a dedicated entry lobby; Reception desk area and customer waiting space
