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    2 Fawn Ln Palm Coast, FL 32137

    Sponsored
    For Sale
    Pending
    $455,000

    Triplex - PALM COAST, FL

    Type:Triplex
    Property size:
    2,550 SF
    Lot size:
    0.29 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 2 at 12:20 pm

    Property Features for 2 Fawn Ln

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Standard status
    Pending
    Zoning
    DPX
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    12
    APN
    07-11-31-7002-00030-0140
    Parking features
    Carport
    Interior features
    Ceiling Fans(s), Living Room/Dining Room Combo, Split Bedroom
    Exterior features
    Awning(s), Fence, Private Entrance, Private Mailbox, Private Yard
    Fencing
    Fenced
    Size
    2,550 SF
    Lot size
    0.29 Acres

    Utilities

    Heating system
    Electric (Heating), Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1975
    Number of units
    3
    Building materials
    Block, Concrete, Stucco
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Basantee Zinkhan

    Realty Executives Oceanside (386) 439-1620

    Listing agent Basantee Zinkhan (386) 506-8008 License #3438155

    Listing date Feb 2, 2026

    MLS# FC315680 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

    Overview

    Palm Coast Triplex in Palm Harbor

    Located in the Palm Harbor community of Palm Coast, this triplex features three units, each with 2 bedrooms and 1 full bathroom. Each unit provides 850 square feet of heated living space and includes an open back porch. On-site parking is available for each unit, along with additional guest parking spaces. The roof was replaced in 2011, and newer gutters have been installed. The A/C unit in unit 1 was replaced in December 2018, unit 2 in January 2021, and unit 3 in January 2023. The hot water tank in unit 1 was replaced in December 2023, unit 2 in March 2023, and unit 3 in June 2019. Newer appliances are installed in all units. The property is situated on a 0.29-acre lot. The total property size is 2550 square feet. The triplex is conveniently located within walking distance of James F. Holland Memorial Park and is also near supermarkets, pharmacies, gas stations, banks, and restaurants. It is approximately 15 minutes from Flagler Beach and Matanzas Beach, about 1 hour and 30 minutes from Jacksonville Airport, Orlando Airport, Disney, and Universal Studios, and approximately 30 minutes from St. Augustine.
    Location Intelligence

    Current Use by Public Records

    Donald Craft Hardware & Home Improvement

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Coast
    County
    Flagler
    State
    Florida
    Longitude
    -81.207435
    Latitude
    29.559595

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    FAQs

    What type of property is this?
    Triplex - Triplex in Palm Coast's Palm Harbor community with updated features.
    Where is this triplex located?
    The property is located at 2 Fawn Ln Palm Coast, FL.
    What is the asking price?
    The asking price for this property is $455,000.
    What are key features of this property?
    This property features: - Triplex in the desirable Palm Harbor Community of Palm Coast, offering immediate rental income potential.; - Recent major system upgrades: Newer A/C units (2018, 2021, 2023) and Hot Water Tanks (2019, 2023 x2) reduce maintenance concerns.; - Each unit features 2 bedrooms, 1 bathroom, and 850 sqft of heated living space with an open back porch and on-site parking.
    (386) 506-8008
    Request Owner's contact information
    2 Fawn Ln Palm Coast, FL 32137
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    Palm Coast, FL 32137
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    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
    2 Fawn Ln Palm Coast, FL 32137
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    We can help!
    Listing Contact
    Basantee Zinkhan
    Real Estate License ID: 3438155
    (386) 506-8008
    Learn more
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