Fenced-Lot
New
For Sale
$538,000
7 Empire Lane, Palm Coast, FL 32164
Residential Income, Palm Coast, FL
Property Size2,381 SF
Lot Size0.27 Acres
Price / SF$225.96
Days on Market2
Property Features for 7 Empire Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Multi Family
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 6, Bedroom 5, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 1
Parking features
Garage
Fencing
Privacy
Appliances
Washer, Refrigerator, Microwave, Electric Water Heater, Electric Range, Dryer, Dishwasher
Subdivision
Cypress Knoll
View
City
Elementary school
Bunnell
Middle school
Buddy Taylor
High school
Flagler Palm Coast
Directions
Belle Terre Pkwy to Easthampton Blvd, first right to Emerson Dr then left to Empress Ln and right to Empire Ln Realtor
Standard status
Active
APN
07-11-31-7034-00090-0080
Size
2,381 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PALM COAST SECT 34 BL 9 LT 8 OR 435 PG 1964 OR 515 PG 1413 OR 515/1404 OR 515/1401-DC OR 515/1413 OR 2194/1954 OR 2356/1356
Tax Annual Amount
6364
Legal Description
PALM COAST SECT 34 BL 9 LT 8 OR 435 PG 1964 OR 515 PG 1413 OR 515/1404 OR 515/1401-DC OR 515/1413 OR 2194/1954 OR 2356/1356
Utilities
Utilities
Cable Available
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
2019
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
Block, Concrete, Stucco
Roof type
Shingle
Listing Agency:
One Sotheby's International Realty
(386) 276-9200
Listed By:
Johanna Sawdai · License #684946
(386) 569-3328
Added: Aug 22
Last Checked: Aug 23 at 2:06PM
MLS# 1229991
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 2019, this duplex at 7 Empire Lane contains 2,381 square feet across two nearly matching residences. Each side provides three bedrooms, two full bathrooms, an attached garage, tile flooring, granite and solid-surface countertops, upgraded cabinetry, large pantries, and a covered private lanai. Walk-in closets serve all bedrooms, while the primary suites add en-suite bathrooms and recessed ceilings. Washers and dryers are included in both residences. The property sits on a 0.27-acre privacy-fenced lot and has public water, shingle roofing, block, concrete, and stucco construction, plus central heating and air conditioning.
The Cypress Knoll setting places Publix, nearby shopping, and the Southern Recreation Center approximately one-half mile away. The recreation center includes tennis and pickleball facilities. The two residences can support an arrangement in which an owner occupies one side and rents the other, or the property can be operated as a residential income asset.
The Cypress Knoll setting places Publix, nearby shopping, and the Southern Recreation Center approximately one-half mile away. The recreation center includes tennis and pickleball facilities. The two residences can support an arrangement in which an owner occupies one side and rents the other, or the property can be operated as a residential income asset.
Key Highlights
- Two nearly matching 3‑bedroom, 2‑bath residences
- 2,381 square feet on a 0.27‑acre privacy‑fenced lot
- Built in 2019 with tile flooring and upgraded countertops
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
$27,493
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
5.11%
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%
$549,860
$549.9K
Cap Rate 7%
$392,757
$392.8K
Cap Rate 9%
$305,478
$305.5K
Market Conditions
NOI Build-Up for 2,381 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
$41.4K $17.40/SF
− Vacancy
−$2.2K −$0.90/SF
EGI
$39.3K $16.50/SF
− OpEx
−$11.8K −$4.95/SF
NOI
$27.5K $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%
$549,860
Cap Rate 7%
$392,757
Cap Rate 9%
$305,478
Alternative Uses
Best Use
Multifamily LT 5
$392.8K
$343.7K – $458.2K
NOI $27,493 @ 7.0% cap · market cap 5.11%
Second Best
Apartment 5plus
$348.9K
$305.3K – $407.1K
NOI $24,425 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$572.2K
$500.7K – $667.5K
NOI $40,052 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
177
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 matching residences offer three bedrooms, two baths, private lanais, attached garages, and durable interior finishes.
Where is this duplex located?
The property is located at 7 Empire Lane Palm Coast, FL.
What is the asking price?
The asking price for this property is $538,000.
What are key features of this property?
This property features: Two nearly matching 3‑bedroom, 2‑bath residences; 2,381 square feet on a 0.27‑acre privacy‑fenced lot; Built in 2019 with tile flooring and upgraded countertops
