New Construction Duplex with
For Sale
$565,000
95 PROVIDENCE LANE, Palm Coast, FL 32164
PALM COAST, FL
Property Size2,398 SF
Price / SF$235.61
Days on Market12
Property Features for 95 PROVIDENCE LANE
General Information
Property type
Residential Multi Family
Property subtype
Single Family Attached
Property condition
Under Construction
Bedrooms
12
Rooms
Bedroom 4, Bedroom 2, Bedroom 6, Bedroom 8, Bedroom 3, Bedroom 10, Bedroom 9, Bedroom 11, Bedroom 12, Bedroom 5, Bedroom 1, Bedroom 7
Elementary school
WADSWORTH ELEMENTARY
Middle school
BUDDY TAYLOR MIDDLE
High school
FLAGLER-PALM COAST HIGH
Standard status
Active
Size
2,398 SF
Building Details
Year built
2026
Listing Agency:
Premier Properties · Coldwell Banker Real Estate
(386) 445-5880
Listed By:
Ana Medeiros · License #0707004
(386) 931-6579
Added: Aug 13
Changed: Aug 20
Last Checked: Aug 24 at 7:06AM
MLS# FC316893
Copyright © 2026 Coldwell Banker Schmidt 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.
Under-construction 2026 duplex built with concrete-block construction on a corner lot. Each residence provides 1,199 square feet with three bedrooms, two full bathrooms, an open living arrangement, ceramic tile flooring, upgraded lighting, and a one-car garage with laundry hookups. Garage improvements include epoxy flooring and remote-operated doors.
Both kitchens include stainless steel refrigerators, stoves, microwaves, and dishwashers, along with granite countertops, tiled backsplashes, and extensive cabinetry. Sliding doors connect the living areas to covered porches. Primary suites offer walk-in closets and private bathrooms with granite vanities and tiled walk-in showers; secondary bathrooms include granite vanities and tiled tub surrounds.
Separate entrances face different street frontages, supporting privacy between residences. The property is 1.8 miles from Wadsworth Elementary, 1.9 miles from Buddy Taylor Middle School, 4 miles from AdventHealth Hospital, and 9.2 miles from Flagler Beach. I-95 provides access toward St. Augustine and Daytona Beach.
Both kitchens include stainless steel refrigerators, stoves, microwaves, and dishwashers, along with granite countertops, tiled backsplashes, and extensive cabinetry. Sliding doors connect the living areas to covered porches. Primary suites offer walk-in closets and private bathrooms with granite vanities and tiled walk-in showers; secondary bathrooms include granite vanities and tiled tub surrounds.
Separate entrances face different street frontages, supporting privacy between residences. The property is 1.8 miles from Wadsworth Elementary, 1.9 miles from Buddy Taylor Middle School, 4 miles from AdventHealth Hospital, and 9.2 miles from Flagler Beach. I-95 provides access toward St. Augustine and Daytona Beach.
Key Highlights
- 2,398‑square‑foot duplex under construction with 2026 completion year
- Each unit offers 1,199 square feet, 3 bedrooms, 2 full baths, and a 1‑car garage
- Corner‑lot layout with separate entrances facing different street frontages
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
$27,689
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
4.90%
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%
$553,780
$553.8K
Cap Rate 7%
$395,557
$395.6K
Cap Rate 9%
$307,656
$307.7K
Market Conditions
NOI Build-Up for 2,398 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
$41.7K $17.40/SF
− Vacancy
−$2.2K −$0.90/SF
EGI
$39.6K $16.50/SF
− OpEx
−$11.9K −$4.95/SF
NOI
$27.7K $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%
$553,780
Cap Rate 7%
$395,557
Cap Rate 9%
$307,656
Alternative Uses
Best Use
Multifamily LT 5
$395.6K
$346.1K – $461.5K
NOI $27,689 @ 7.0% cap · market cap 4.90%
Second Best
Apartment 5plus
$351.4K
$307.5K – $410.0K
NOI $24,600 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$576.3K
$504.2K – $672.3K
NOI $40,338 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
110
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 independent residences feature open layouts, modern kitchens, private entrances, and covered porches.
Where is this duplex located?
The property is located at 95 PROVIDENCE LANE Palm Coast, FL.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: 2,398‑square‑foot duplex under construction with 2026 completion year; Each unit offers 1,199 square feet, 3 bedrooms, 2 full baths, and a 1‑car garage; Corner‑lot layout with separate entrances facing different street frontages
