New Construction
For Sale
$579,900
Pending
6 UNICORN Court, Palm Coast, FL 32164
Residential Income, PALM COAST, FL
Property Size2,800 SF
Lot Size0.23 Acres
Days on Market39
Property Features for 6 UNICORN Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
DPX
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 6, Bedroom 4, Bathroom 3, Bedroom 2, Bathroom 4, Bathroom 1, Bedroom 5, Bedroom 1, Bathroom 2
Patio and Porch features
Porch
Pets allowed
Yes
Interior features
Ceiling Fans(s), Open Floorplan, Stone Counters, Thermostat, Walk-In Closet(s)
Exterior features
Fence, Private Mailbox
Fencing
Fenced
Appliances
Dishwasher, Disposal, Microwave, Range, Refrigerator
Subdivision
SEMINOLE WOODS
Lot features
Cul-De-Sac
Directions
I95 to exit 284 to Seminole Woods Blvd. Left on Citation Pkwy then left on Universal Trail then right on Underwood Trail then right on Unicorn Ct.
Standard status
Pending
APN
07-11-31-7057-00500-0070
Size
2,800 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PALM COAST SEC 57 BLK 50 LOT 7 OR 150 PG 169 OR 2271/1771-ELIZABETH TRUST
Tax Annual Amount
945
Legal Description
PALM COAST SEC 57 BLK 50 LOT 7 OR 150 PG 169 OR 2271/1771-ELIZABETH TRUST
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Amenities
electric fireplace
screened lanai
private fenced backyard
Building Details
Year built
2026
Floors in Building
1
Flooring type
Vinyl
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
VIRTUAL HOMES REALTY
(386) 569-5383
Listed By:
Alina Pekarsky · License #3118291
(386) 445-9911
Added: Jul 27
Changed: Aug 20
Last Checked: Sep 3 at 3:06AM
MLS# FC320190
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.
Investment Insights
Based on property information with market context.
This duplex is under construction and is planned as two separately configured residences, each measuring 1,400 square feet within the 2,800-square-foot property. Both units include three bedrooms, two bathrooms, a 2-car garage, a screened lanai, and a fenced backyard. The 4,146-square-foot total property includes open living areas, split-bedroom layouts, quartz countertops, center islands, stainless steel appliances, luxury vinyl flooring, recessed LED lighting, and ceiling fans in each bedroom. Primary suites feature walk-in closets and private bathrooms with dual vanities and walk-in showers.
The property sits on a 0.23-acre lot at 6 Unicorn Court in Palm Coast, Florida. Public water and public sewer serve the property, with DPX zoning. Central air conditioning, electric heat-pump heating, block and stucco construction, and a shingle roof are specified. The projected year built is 2026.
The property sits on a 0.23-acre lot at 6 Unicorn Court in Palm Coast, Florida. Public water and public sewer serve the property, with DPX zoning. Central air conditioning, electric heat-pump heating, block and stucco construction, and a shingle roof are specified. The projected year built is 2026.
Key Highlights
- Two‑unit duplex under construction with 2,800 square feet of living area
- Each unit includes 3 bedrooms, 2 bathrooms, and a 2‑car garage
- Each side measures 1,400 square feet and includes a screened lanai
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
$32,331
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
5.58%
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%
$646,620
$646.6K
Cap Rate 7%
$461,871
$461.9K
Cap Rate 9%
$359,233
$359.2K
Market Conditions
NOI Build-Up for 2,800 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
$48.7K $17.40/SF
− Vacancy
−$2.5K −$0.90/SF
EGI
$46.2K $16.50/SF
− OpEx
−$13.9K −$4.95/SF
NOI
$32.3K $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%
$646,620
Cap Rate 7%
$461,871
Cap Rate 9%
$359,233
Alternative Uses
Best Use
Multifamily LT 5
$461.9K
$404.1K – $538.9K
NOI $32,331 @ 7.0% cap · market cap 5.58%
Second Best
Apartment 5plus
$410.3K
$359.0K – $478.7K
NOI $28,723 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$672.9K
$588.8K – $785.0K
NOI $47,100 @ 7.0% cap · market cap 8.12%
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
19
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 residential units offer private outdoor areas, attached garages, and contemporary interior finishes in a low-maintenance configuration.
Where is this duplex located?
The property is located at 6 UNICORN Court Palm Coast, FL.
What is the asking price?
The asking price for this property is $579,900.
What are key features of this property?
This property features: Two‑unit duplex under construction with 2,800 square feet of living area; Each unit includes 3 bedrooms, 2 bathrooms, and a 2‑car garage; Each side measures 1,400 square feet and includes a screened lanai
