Newer Duplex with
For Sale
$500,000
Pending
24 Pontiac Lane, Palm Coast, FL 32164
Residential Income, Palm Coast, FL
Property Size2,792 SF
Lot Size0.23 Acres
Days on Market24
Property Features for 24 Pontiac Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 4, Bedroom 5, Bathroom 2, Bedroom 6, Bathroom 4, Bedroom 2, Bedroom 1, Bathroom 5, Bathroom 1, Bedroom 3, Bathroom 3
Parking
2
Parking features
Garage
Fencing
Fenced
Appliances
Refrigerator, Microwave, Electric Water Heater, Electric Range, Disposal, Dishwasher
Subdivision
Palm Coast Sec 28
Middle school
Buddy Taylor
High school
Flagler Palm Coast
Directions
Belle Terre to Point Pleasant Dr to Ponce Deleon Dr to Pony Express Dr to Pontiac Ln
Standard status
Pending
APN
07-11-31-7028-00130-0060
Size
2,792 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
PALM COAST SECTION 28 BLOCK 00013 LOT 0006 SUBDIVISION COMPLETION YEAR 1980 OR 527 PG 499 OR 1607/986 OR 1948/411 OR 2339/335 OR 2532/757-GINELLA TRUST
Tax Annual Amount
6542
Legal Description
PALM COAST SECTION 28 BLOCK 00013 LOT 0006 SUBDIVISION COMPLETION YEAR 1980 OR 527 PG 499 OR 1607/986 OR 1948/411 OR 2339/335 OR 2532/757-GINELLA TRUST
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
private patios
fully fenced backyard
Building Details
Year built
2021
Floors in Building
1
Number of units
2
Building materials
Block, Concrete
Roof type
Shingle
Listing Agency:
EAZ Realty LLC
(386) 585-4833
Listed By:
Antonio Melendez Perez · License #3418935
(386) 864-0178
Added: Aug 11
Changed: Aug 24
Last Checked: Sep 3 at 5:06AM
MLS# 1229560
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.
Built in 2021, this duplex contains 2,792 square feet across two residences, each configured with three bedrooms, two bathrooms, an open living area, a kitchen, and a primary suite. Both units include private patios and separate garages, while the fenced backyard provides defined outdoor space. Block and concrete construction, shingle roofing, central heating, and central air support the property’s modern physical profile.
The 0.23-acre property is served by public water and public sewer. Kitchens are equipped with refrigerators, microwaves, electric ranges, dishwashers, disposals, and electric water heaters. The address is in Palm Coast, Florida, within Flagler County and ZIP code 32164.
The 0.23-acre property is served by public water and public sewer. Kitchens are equipped with refrigerators, microwaves, electric ranges, dishwashers, disposals, and electric water heaters. The address is in Palm Coast, Florida, within Flagler County and ZIP code 32164.
Key Highlights
- Duplex built in 2021 with 2,792 square feet of total property size
- Two units, each with 3 bedrooms and 2 bathrooms
- Separate private garages provide parking and storage for each residence
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
$32,238
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
6.45%
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%
$644,760
$644.8K
Cap Rate 7%
$460,543
$460.5K
Cap Rate 9%
$358,200
$358.2K
Market Conditions
NOI Build-Up for 2,792 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
$48.6K $17.40/SF
− Vacancy
−$2.5K −$0.90/SF
EGI
$46.1K $16.50/SF
− OpEx
−$13.8K −$4.95/SF
NOI
$32.2K $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%
$644,760
Cap Rate 7%
$460,543
Cap Rate 9%
$358,200
Alternative Uses
Best Use
Multifamily LT 5
$460.5K
$403.0K – $537.3K
NOI $32,238 @ 7.0% cap · market cap 6.45%
Second Best
Apartment 5plus
$409.2K
$358.0K – $477.4K
NOI $28,641 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$670.9K
$587.1K – $782.8K
NOI $46,966 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
120
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 Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences provide private garages, patios, fenced outdoor space, and open-concept living areas.
Where is this duplex located?
The property is located at 24 Pontiac Lane Palm Coast, FL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Duplex built in 2021 with 2,792 square feet of total property size; Two units, each with 3 bedrooms and 2 bathrooms; Separate private garages provide parking and storage for each residence
