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    The Largest CRE Database in the US with Over 1 Million Listings

    76 Rickenbacker Dr Palm Coast, FL 32164

    Sponsored
    For Sale
    Pending
    $558,900

    Duplex - PALM COAST, FL

    Type:Duplex
    Property size:
    2,735 SF
    Lot size:
    0.23 Acres
    Days on Market:
    73
    Last Refresh:
    Jan 30 at 9:06 am

    Property Features for 76 Rickenbacker Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Property condition
    New Construction
    Standard status
    Pending
    Zoning
    DPX
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    APN
    07-11-31-7031-00150-0080
    Parking features
    Garage, Garage - Attached
    Pets allowed
    Yes
    Interior features
    Open Floorplan, Solid Surface Counters, Thermostat
    Exterior features
    Fence, Private Mailbox
    Fencing
    Fenced
    Appliances
    Dishwasher, Garbage Disposer, Microwave, Range, Refrigerator, Washer
    Size
    2,735 SF
    Lot size
    0.23 Acres

    Utilities

    Heating system
    Central, Electric (Heating), Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    2025
    Number of units
    2
    Flooring type
    Vinyl
    Building materials
    Block, Stucco
    Roof type
    Shingle
    Architectural style
    Other
    BuilderName
    Maven Homes

    We can help!

    Listing Contact
    Alina Pekarsky
    Alina Pekarsky

    Virtual Homes Realty (386) 445-9911

    Listing agent Alina Pekarsky (386) 569-5383 License #3118291

    Listing date Nov 19, 2025

    MLS# FC311597 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Turnkey Duplex Investment Opportunity

    This turnkey investment opportunity features a brand-new 2025 Iris model duplex. The property is fully leased, generating a total of $3,900 per month in rental income, with each unit currently rented at $1,950 per month. Each unit offers a fenced backyard and a covered screened porch. Inside, each unit includes 3 bedrooms, 2 bathrooms, and a spacious 2-car garage. Constructed with durable concrete block, both units include premium finishes such as luxury vinyl plank flooring, Quartz kitchen countertops, and stainless steel appliances, including a refrigerator. The units feature high ceilings throughout, with 14-foot ceilings on the front porch, 10-foot 8-inch ceilings in living areas, and 9-foot 4-inch ceilings in the bedrooms. Each unit also includes inside laundry, a walk-in closet, and a walk-in curbless shower in the owner’s suite. The property is located in Palm Coast, Florida. The property size is 2,735 square feet and the lot size is 0.23 acres. A one-year builder’s warranty is included from the closing date.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Spa & Massage Clothing Store Building Supply Gym & Fitness Auto Repair Shop Skin Care Clinic Wholesale Shop Kitchen & Bath

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palm Coast
    County
    Flagler
    State
    Florida
    Longitude
    -81.24443
    Latitude
    29.501577

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    FAQs

    What type of property is this?
    Duplex - New, fully leased duplex generating $3,900 monthly income.
    Where is this duplex located?
    The property is located at 76 Rickenbacker Dr Palm Coast, FL.
    What is the asking price?
    The asking price for this property is $558,900.
    What are key features of this property?
    This property features: - Turnkey Investment: Fully leased duplex generating $3,900/month income.; - Brand New Construction: Built in 2025 with a one-year builder’s warranty.; - Desirable Features: Each unit has a fenced backyard and covered screened porch.
    (386) 569-5383
    Request Owner's contact information
    76 Rickenbacker Dr Palm Coast, FL 32164
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    Palm Coast, FL 32164
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    76 Rickenbacker Dr Palm Coast, FL 32164
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    We can help!
    Listing Contact
    Alina Pekarsky
    Alina Pekarsky
    Real Estate License ID: 3118291
    (386) 569-5383
    Learn more
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