Commercial Condo Suite with Open
101 Palm Harbor Parkway Palm Coast, FL 32137
For Sale
$349,000
COMMERCIAL - Palm Coast, FL
Property Size1,250 SF
Lot Size0.03 Acres
Price / SF$279.20
Days on Market49
Property Features for 101 Palm Harbor Parkway
General Information
Property type
Commercial Sale
Property subtype
Retail
Rooms
Bathroom 1
Parking features
Parking Lot
Standard status
Active
APN
38-11-31-1915-000C0-1290
Size
1,250 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
EUROPEAN VILLAGE COMMERCIAL CONDO BLDG C UNIT 129 & UNDIVIDED INTEREST IN COMMON ELEMENTS OR 1286/1149 OR 2028 /1413 OR 2092/620 OR 2111/596- CD OR 2438/46
Tax Annual Amount
3635
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Building Details
Year built
2005
Number of units
1
Flooring type
Wood
Building materials
Stone, Stucco
Listing Agency:
AXEN Realty LLC
(818) 932-8800
Listed By:
Michael S Grubbs
(770) 689-6464
Added: Jun 10
Changed: Jul 24
Last Checked: Jul 28 at 4:06AM
MLS# 1227487
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.
This single commercial condo suite (Suite C 129) offers an adaptable open layout designed to support retail or office-style use. The space includes an existing bathroom and utility frameworks that can be customized or completed to match a business concept during finish-out. The property is offered for sale as a turn-key base for a tailored buildout.
Located within the European Village Shops and Restaurants Resort in Flagler County, the suite is positioned as part of a multi-tenant commercial environment.
A previous full liquor license associated with this location is also available and can be transferred to new owners for an additional fee, which may be relevant for qualifying food and beverage operators.
Located within the European Village Shops and Restaurants Resort in Flagler County, the suite is positioned as part of a multi-tenant commercial environment.
A previous full liquor license associated with this location is also available and can be transferred to new owners for an additional fee, which may be relevant for qualifying food and beverage operators.
Key Highlights
- Single commercial condo (Suite C 129) within the European Village Shops and Restaurants Resort in Flagler County
- 1,250 sq ft flexible space with adaptable open layout plus an existing bathroom
- Open‑layout interior includes utility frameworks ready to be customized or completed for your brand
Financial Insights For Retail
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 | $27.8k | $22.20 |
| − Vacancy | −$2.1k | −$1.67 |
| EGI | $25.7k | $20.54 |
| − OpEx | −$7.7k | −$6.16 |
| NOI | $18.0k | $14.37 |
1,250 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$256.7K
$224.6K – $299.5K
NOI $17,968 @ 7.0% cap · market cap 5.15%
Second Best
Office B
$206.8K
$181.0K – $241.3K
NOI $14,479 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$300.4K
$262.8K – $350.5K
NOI $21,027 @ 7.0% cap · market cap 6.02%
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?
Retail space - Single retail/office condo suite with an open layout, existing bathroom, and utility frameworks ready for buildout.
Where is this retail space located?
The property is located at 101 Palm Harbor Parkway Palm Coast, FL.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Single commercial condo (Suite C 129) within the European Village Shops and Restaurants Resort in Flagler County; 1,250 sq ft flexible space with adaptable open layout plus an existing bathroom; Open‑layout interior includes utility frameworks ready to be customized or completed for your brand
