Duplex with New
For Sale
$399,000
23 Regent Lane, Palm Coast, FL 32164
Residential Income, Palm Coast, FL
Property Size2,588 SF
Lot Size0.23 Acres
Price / SF$154.17
Days on Market213
Property Features for 23 Regent Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 1, Bathroom 3, Bathroom 1, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 4
Appliances
Washer, Refrigerator, Electric Water Heater, Electric Oven, Dryer
Subdivision
Royal Palm
Directions
From US1 head East on Royal Palms Pkwy, turn left, head North on Rymfire Dr, turn left on Red Mill, Right on Regency Dr and left on Regent. Property on left side of street.
Standard status
Active
APN
07-11-31-7033-00140-0380
Size
2,588 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PALM COAST SECTION 33 BL 14 LT 38 OR 242 PG 614, OR 445 PG 1426(TX) OR 455 PG 302, OR 517 PG 784 QT OR 762 PG 1823-REGENT 23 TRUST OR 888 PG 828 OR 1892/845
Tax Annual Amount
4952
Legal Description
PALM COAST SECTION 33 BL 14 LT 38 OR 242 PG 614, OR 445 PG 1426(TX) OR 455 PG 302, OR 517 PG 784 QT OR 762 PG 1823-REGENT 23 TRUST OR 888 PG 828 OR 1892/845
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2004
Floors in Building
2
Number of units
2
Flooring type
Tile, Vinyl, Carpet
Building materials
Frame
Roof type
Shingle
Listing Agency:
Adams, Cameron & Co., Realtors
(386) 677-7966
Listed By:
Shon MacDughlas
(904) 347-6353
Added: Feb 10
Changed: Aug 20
Last Checked: Sep 11 at 7:06AM
MLS# 1222850
Copyright © 2026 Daytona Beach Area Association of Realtors. 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 2,588-square-foot duplex contains four bedrooms and four bathrooms across two matching units with the same layout and size. Each residence has an open arrangement connecting the kitchen, dining area, and living room, with sliding doors leading to a backyard and patio. New flooring has been installed, and the property includes central heating and central air, tile, carpet and vinyl flooring, plus kitchen and laundry appliances.
Built in 2004 on a 0.23-acre lot, the frame construction has a shingle roof installed in 2024. Public water and public sewer serve the property, with cable available. The duplex is near Rymfire Elementary School, I-95, Flagler Beach, restaurants, and shopping in Palm Coast. There are no CDD or HOA fees.
Built in 2004 on a 0.23-acre lot, the frame construction has a shingle roof installed in 2024. Public water and public sewer serve the property, with cable available. The duplex is near Rymfire Elementary School, I-95, Flagler Beach, restaurants, and shopping in Palm Coast. There are no CDD or HOA fees.
Key Highlights
- Duplex totals 2,588 square feet with 4 bedrooms and 4 bathrooms
- Two units share identical size and floor plans
- New roof installed in 2024
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
$29,883
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
7.49%
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%
$597,660
$597.7K
Cap Rate 7%
$426,900
$426.9K
Cap Rate 9%
$332,033
$332.0K
Market Conditions
NOI Build-Up for 2,588 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
$45.0K $17.40/SF
− Vacancy
−$2.3K −$0.90/SF
EGI
$42.7K $16.50/SF
− OpEx
−$12.8K −$4.95/SF
NOI
$29.9K $11.55/SF
Area
Flagler County, FL
Vacancy
5.20%
Lease Rate
$17.40 /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%
$597,660
Cap Rate 7%
$426,900
Cap Rate 9%
$332,033
Alternative Uses
Best Use
Multifamily LT 5
$426.9K
$373.5K – $498.1K
NOI $29,883 @ 7.0% cap · market cap 7.49%
Second Best
Apartment 5plus
$379.3K
$331.9K – $442.5K
NOI $26,549 @ 7.0% cap · market cap 6.65%
Theoretical Best
Office A
$621.9K
$544.2K – $725.6K
NOI $43,534 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
89
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two matching units feature open living areas, private outdoor space, and no CDD or HOA fees.
Where is this duplex located?
The property is located at 23 Regent Lane Palm Coast, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Duplex totals 2,588 square feet with 4 bedrooms and 4 bathrooms; Two units share identical size and floor plans; New roof installed in 2024
