Four-Suite Office Building

1 ARMAND BEACH Drive, Palm Coast, FL 32137

For Sale

New

$994,125

Commercial Sale, PALM COAST, FL

Property Size3,615 SF

Lot Size0.37 Acres

Price / SF$275

Days on Market1

Property Features for 1 ARMAND BEACH Drive

General Information

Property type Commercial Sale

Property subtype Office

Zoning R/C

Subdivision ARMAND BEACH EAST SUB

Directions Head east over Hammock Dunes Bridge, turn left onto Camino Del Mar, turn right onto A1A North, continue approximately 3 miles, turn right onto Armand Beach Dr, the office building will be on your left

Standard status Active

APN 20-10-31-0300-00010-0010

Size 3,615 SF

Lot size 0.37 Acres

Additional Details

Tenant in Place Yes

Property Use Office

Taxes and HOA fees

Tax Year 2025

Tax Description ARMAND BEACH EAST SUBD PARCELS 1 & 2 OF PARCEL #1 OR 47 PG 220,34 OR 164 PG 158 OR 269 PG 633 OR 821 PG 409

Tax Annual Amount 4565

Legal Description ARMAND BEACH EAST SUBD PARCELS 1 & 2 OF PARCEL #1 OR 47 PG 220,34 OR 164 PG 158 OR 269 PG 633 OR 821 PG 409

Utilities

Sewer type Septic Tank

Heating system Central

Cooling system Central Air

Amenities

vaulted ceilings

Building Details

Year built 2003

Floors in Building 2

Building materials Concrete, Stucco

Roof type Tile

Buildings 1

Listing Agency: REAL BROKER, LLC

Listed By: Samantha Rosenbaum · License FL #3613099

Added: Nov 12 Last Checked: Nov 12 at 11:06PM

MLS# FC322681

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Investment Insights

Based on property information with market context.

This 3,615-square-foot office building contains four separate office spaces, with vaulted ceilings in the upper-level offices. An elevator serves the building, which also provides 14 parking spaces. Concrete and stucco construction, central heating and air conditioning, a tile roof, and a septic tank are among its physical features. The property was built in 2003 and is zoned R/C.

Situated on A1A, the building has 101 feet of road frontage. Hammock Beach and Hammock Dunes are nearby, along with surrounding residential and resort communities. The address is in Palm Coast, Florida.

Key Highlights

Four separate office spaces in a 3,615‑square‑foot building
101 feet of frontage on A1A
Elevator and 14 parking spaces

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$41,873

Cap Rate

4.21%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$837,460 $837.5K

Cap Rate 7%

$598,186 $598.2K

Cap Rate 9%

$465,256 $465.3K

Market Conditions

NOI Build-Up for 3,615 SF

Gross rent

$71.6K $19.80/SF

− Vacancy

−$15.7K −$4.36/SF

EGI

$55.8K $15.44/SF

− OpEx

−$14.0K −$3.86/SF

NOI

$41.9K $11.58/SF

Area

Flagler County, FL

Vacancy

22.00%

Lease Rate

$19.80 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$837,460

Cap Rate 7%

$598,186

Cap Rate 9%

$465,256

Alternative Uses

Best Use

Office B

$598.2K

$523.4K – $697.9K (±1% cap)

NOI $41,873 @ 7.0% cap · market cap 4.21%

Second Best

—

no second resolved use

Theoretical Best

Office A

$868.7K

$760.1K – $1.01M (±1% cap)

NOI $60,810 @ 7.0% cap · market cap 6.12%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Capital City Home ... Loan Service Cook's Air Conditioning ... Hardware & Home Improvement Ritter Clinics Physician Aegis Community Management Property Management Company Coldwell Banker Realty Real Estate Agency