Concrete Block Duplex with New
For Sale
$459,900
30 Louvet Ln, Palm Coast, FL 32137
Residential Income, Palm Coast, FL
Property Size2,433 SF
Lot Size0.32 Acres
Price / SF$189.03
Days on Market172
Property Features for 30 Louvet Ln
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 6, Bathroom 1, Bedroom 5, Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 4, Bedroom 3
Patio and Porch features
Patio
Interior features
Walk-In Closet(s)
Fencing
Fenced
High school district
000000
Directions
From I-95 (Northbound or Southbound) Take Exit 289 (Palm Coast Parkway / FL-100) toward Palm Coast. Head east on Palm Coast Parkway (FL-100). Continue for about 2 miles. Turn left onto Belle Terre Parkway. Drive approximately 1.5 miles. Turn right onto Matanzas Woods Parkway. Continue about 1 mile, then turn left onto Laramie Drive. Turn right onto Louvet Lane. Proceed to #30 Louvet Ln, which will be on your corner/lot
Standard status
Active
APN
000000-037.000-1020-130.000
Size
2,433 SF
Lot size
0.32 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
2006
Flooring type
Carpet, Tile
Roof type
Asphalt
Listing Agency:
Your Home Sold Guaranteed Realty - Jesse Warmka Team
(386) 597-6383
Listed By:
Jesse Warmka · License #3307474
(608) 358-0917
Added: Mar 25
Changed: Sep 10
Last Checked: Sep 12 at 8:06AM
MLS# 11679091
Copyright © 2026 My State 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.
Built in 2006, this duplex contains 2,433 square feet across two residential units on a 0.32-acre corner parcel. Each unit includes a spacious living room connected to an open kitchen, sliding-glass-door access to a private 12-by-8-foot patio, and 12-foot ceilings. Tile and carpet flooring are installed throughout, and walk-in closets provide additional storage. The building features concrete block construction, an asphalt roof replaced in 2025, and public water and sewer service.
The outdoor area is enclosed by a 6-foot vinyl fence, creating separate private space behind the residence. Side B is occupied under a lease extending through the end of May 2026. The property is located near schools and provides access to I-95 and US-1, with connections toward St. Augustine and Daytona Beach.
The outdoor area is enclosed by a 6-foot vinyl fence, creating separate private space behind the residence. Side B is occupied under a lease extending through the end of May 2026. The property is located near schools and provides access to I-95 and US-1, with connections toward St. Augustine and Daytona Beach.
Key Highlights
- Two‑unit duplex with 2,433 square feet on a 0.32‑acre corner lot
- Concrete block construction with 12‑foot ceilings
- Asphalt roof installed in 2025
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
$28,093
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
6.11%
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%
$561,860
$561.9K
Cap Rate 7%
$401,329
$401.3K
Cap Rate 9%
$312,144
$312.1K
Market Conditions
NOI Build-Up for 2,433 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
$42.3K $17.40/SF
− Vacancy
−$2.2K −$0.90/SF
EGI
$40.1K $16.50/SF
− OpEx
−$12.0K −$4.95/SF
NOI
$28.1K $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%
$561,860
Cap Rate 7%
$401,329
Cap Rate 9%
$312,144
Alternative Uses
Best Use
Multifamily LT 5
$401.3K
$351.2K – $468.2K
NOI $28,093 @ 7.0% cap · market cap 6.11%
Second Best
Apartment 5plus
$356.6K
$312.0K – $416.0K
NOI $24,959 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$584.7K
$511.6K – $682.1K
NOI $40,927 @ 7.0% cap · market cap 8.90%
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
53
Businesses Nearby
Explore this area
Business Placement
Demographics for 32137, FL
46,258
Population
24,717
Households
1.9
Avg Household Size
57
Median Age
37%
College-Educated
95%
High-School Grad
62.4 sq mi
ZIP Area
741
Density / Sq Mi
$78,731
Median Household Income
$42,249
Median Earnings
$1,790
Median Rent
$360,600
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 residential units offer open living areas, private patios, and a fenced backyard on an oversized corner lot.
Where is this duplex located?
The property is located at 30 Louvet Ln Palm Coast, FL.
What is the asking price?
The asking price for this property is $459,900.
What are key features of this property?
This property features: Two‑unit duplex with 2,433 square feet on a 0.32‑acre corner lot; Concrete block construction with 12‑foot ceilings; Asphalt roof installed in 2025
