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    2 Rainbow Ln Palm Coast, FL 32164

    View on Map
    Sponsored
    For Sale
    $540,000

    Duplex - PALM COAST, FL

    Type:Duplex
    Property size:
    2,377 SF
    Lot size:
    0.29 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 10 at 6:06 pm

    Property Features for 2 Rainbow Ln

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Property condition
    New Construction
    Standard status
    Active
    Zoning
    DPX
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    APN
    07-11-31-7030-00250-0160
    Parking features
    Garage, Garage - Attached
    Interior features
    Ceiling Fans(s), High Ceilings, Kitchen/Family Room Combo, Open Floorplan, Solid Surface Counters, Tray Ceiling(s), Walk-in Closet(s)
    Exterior features
    Corner Lot, Sliding Doors
    Appliances
    Dishwasher, Garbage Disposer, Microwave, Range, Refrigerator, Washer
    Size
    2,377 SF
    Lot size
    0.29 Acres

    Utilities

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

    Building Details

    Year built
    2024
    Number of units
    2
    Building materials
    Block, Concrete
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    ELENA TCHOUMAKOVA
    ELENA TCHOUMAKOVA

    APEX REALTY LLC (386) 986-5053

    Listing agent ELENA TCHOUMAKOVA (386) 986-5053 License #3228404

    Listing date Mar 10, 2026

    MLS# FC306059 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

    Property Insight Report

    Overview

    Palm Coast Duplex on Corner

    This duplex, constructed by Blue Crown Construction, is situated on a corner lot, providing separate entrances for each unit. Each unit features 1185 square feet of living space. The property includes upgrades such as 12 ft. trey ceilings, luxury vinyl waterproof flooring with extra high baseboards, tile, and an upgraded kitchen equipped with stainless steel appliances including refrigerators, 42-inch cabinets, granite countertops, and a kitchen island. Sliding doors with blinds are installed to minimize dust. Additional features include ceiling fans, LED light fixtures, and painted flooring in the garage. Each unit has a one-car garage with a remote opener and attic access. The master suite includes a trey ceiling, walk-in closet, and in-suite bathroom. The property also features an instant (tankless) water heater and kitchen exhaust fan. This property presents an excellent investment opportunity, suitable for a 1031 Exchange, or for living on one side and renting the other. It is also suitable for larger families. The property is located in Palm Coast, FL, on a lot of 0.29 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store Skin Care Clinic Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Coast
    County
    Flagler
    State
    Florida
    Longitude
    -81.223858
    Latitude
    29.511997

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    FAQs

    What type of property is this?
    Duplex - Corner lot duplex in Palm Coast, excellent investment opportunity.
    Where is this duplex located?
    The property is located at 2 Rainbow Ln Palm Coast, FL.
    What is the asking price?
    The asking price for this property is $540,000.
    What are key features of this property?
    This property features: - Corner lot location with separate entrances.; - New construction (2024) with modern upgrades including luxury vinyl waterproof flooring, high ceilings, and stainless steel appliances.; - Each unit features a master suite with a walk-in closet and ensuite bathroom.
    (386) 986-5053
    Request Owner's contact information
    2 Rainbow Ln Palm Coast, FL 32164
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    Palm Coast, FL 32164
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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 Rainbow Ln Palm Coast, FL 32164
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    We can help!
    Listing Contact
    ELENA TCHOUMAKOVA
    ELENA TCHOUMAKOVA
    Real Estate License ID: 3228404
    (386) 986-5053 (386) 246-9222 (386) 263-7208
    Learn more
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