Premium Office Building For
1 Armand Beach Drive Palm Coast, FL 32137
For Sale
Contact for pricing
Income-generating professional office in high-demand coastal market.
Property Size3,615 SF
Price / SF$275
Days on Market350
Property Features for 1 Armand Beach Drive
General Information
Standard status
Active
Size
3,615 SF
Property subtype
Office
Building Details
Year Built
2003
Listing Agency:
ONE Sotheby's International Realty
(386) 276-9200
Listed By:
Cornelia Downing Manfre CCIM · License #FL BK3008604
Source:
Crexi
Added: Aug 14, 2025
Changed: Jul 6
Last Checked: Jul 28 at 1:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ONE Sotheby's International Realty
Investment Insights
Based on property information with market context.
Located in the Armand Beach Office Park off A1A in Palm Coast, FL, 1 Armand Beach Dr is a premium office building offering an investment opportunity in a stabilized, income-generating professional office. The property contains 3,615 square feet in a coastal, high-demand market with strong tenant interest and limited professional office inventory. The estimated gross rent potential is $72,160, with a monthly income of $6,013, derived from four separate units. The second-floor units feature vaulted high ceilings. The owner covers insurance, real estate taxes, and common area maintenance. The property features modern coastal-style construction, attractive curb appeal, ample parking, and easy access, including an elevator. High visibility from A1A and proximity to major residential communities make it suitable for medical, legal, financial, or administrative professionals, with potential for multiple tenant uses. Situated in the affluent Hammock area, the property benefits from a rapidly growing population of second-home owners and high-income professionals. The surrounding area includes luxury residential and resort communities like Hammock Beach Resort and Hammock Dunes, with the future Ritz Carlton Residence planned. The limited inventory of quality office space in this submarket enhances its investment appeal.
Key Highlights
- Stabilized, income‑generating professional office building with a gross rent potential of $72,160 annually.
- Located in the high‑demand, coastal Hammock area of Palm Coast with limited professional office inventory.
- High visibility from A1A and easy access with ample parking and an elevator.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $71.6k | $19.80 |
| − Vacancy | −$15.7k | −$4.36 |
| EGI | $55.8k | $15.44 |
| − OpEx | −$14.0k | −$3.86 |
| NOI | $41.9k | $11.58 |
3,615 SF · lease $19.80/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$598.2K
$523.4K – $697.9K
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
NOI $60,810 @ 7.0% cap · market cap 6.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Income-generating professional office in high-demand coastal market.
Where is this office building located?
The property is located at 1 Armand Beach Drive Palm Coast, FL.
What is the asking price?
The asking price for this property is $994,125.
What are key features of this property?
This property features: Stabilized, income‑generating professional office building with a gross rent potential of $72,160 annually.; Located in the high‑demand, coastal Hammock area of Palm Coast with limited professional office inventory.; High visibility from A1A and easy access with ample parking and an elevator.
