Retail Condo with Open
For Sale
$349,900
101 Palm Harbor Parkway, Palm Coast, FL 32137
COMMERCIAL - Palm Coast, FL
Property Size1,250 SF
Lot Size0.03 Acres
Price / SF$279.92
Days on Market46
Property Features for 101 Palm Harbor Parkway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking features
Parking Lot
Lot features
Cleared, Few Trees
Directions
FROM I-95 0.4 MI PALM COAST PKWY SE, RIGHT 2.1 MI ON PALM HARBOR PKWY, TURN LEFT ARRIVE AT EUROPEAN VILLAGE
Subdivision
60 - Palm Coast
Standard status
Active
APN
38-11-31-1915-000C0-1300
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 130 & UNDIVIDED INTEREST IN COMMON ELEMENTS OR 1286/1149 OR 2028/1413 OR 2092/620-50% INT ACACIO REIS TRUST & 50% INT ELIZABETH REIS TRUST OR 2111/596-CD OR 2438/46
Tax Annual Amount
3635
Legal Description
EUROPEAN VILLAGE COMMERCIAL CONDO BLDG C UNIT 130 & UNDIVIDED INTEREST IN COMMON ELEMENTS OR 1286/1149 OR 2028/1413 OR 2092/620-50% INT ACACIO REIS TRUST & 50% INT ELIZABETH REIS TRUST OR 2111/596-CD OR 2438/46
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
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 22
Changed: Aug 4
Last Checked: Aug 6 at 11:06PM
MLS# 1227802
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.
Suite C 130 is a 1,250-square-foot retail condominium within European Village Shops and Restaurants Resort in Palm Coast. The space currently operates as a retail boutique and features an open interior, wood flooring, an existing bathroom, and utility infrastructure that can support a future buildout. Construction includes stone and stucco materials, with central electric heating and central air conditioning.
The property is located at 101 Palm Harbor Parkway in Flagler County. A parking lot serves the commercial setting, and the building was constructed in 2005. Public sewer is in place. A previous full liquor license associated with the location is available for transfer to a new owner for an additional fee. The adjoining C 129 and C 130 units may also be purchased together, creating a combined 2,500-square-foot retail configuration.
The property is located at 101 Palm Harbor Parkway in Flagler County. A parking lot serves the commercial setting, and the building was constructed in 2005. Public sewer is in place. A previous full liquor license associated with the location is available for transfer to a new owner for an additional fee. The adjoining C 129 and C 130 units may also be purchased together, creating a combined 2,500-square-foot retail configuration.
Key Highlights
- 1,250 SF retail condominium in Suite C 130
- Located within European Village Shops and Restaurants Resort
- Open layout with existing bathroom and utility infrastructure
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
$19,517
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
5.58%
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%
$390,340
$390.3K
Cap Rate 7%
$278,814
$278.8K
Cap Rate 9%
$216,856
$216.9K
Market Conditions
NOI Build-Up for 1,250 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
$27.5K $21.96/SF
− Vacancy
−$1.4K −$1.14/SF
EGI
$26.0K $20.82/SF
− OpEx
−$6.5K −$5.20/SF
NOI
$19.5K $15.61/SF
Area
Flagler County, FL
Vacancy
5.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
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%
$390,340
Cap Rate 7%
$278,814
Cap Rate 9%
$216,856
Alternative Uses
Best Use
Specialty Retail
$278.8K
$244.0K – $325.3K
NOI $19,517 @ 7.0% cap · market cap 5.58%
Second Best
Retail
$256.7K
$224.6K – $299.5K
NOI $17,968 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$300.4K
$262.8K – $350.5K
NOI $21,027 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
208
Businesses Nearby
Explore this area
Business Placement
Demographics for 32137, FL
46,258
Population
24,717
Households
1.9
Avg Household Size
57
Median Age
37%
College-Educated
95%
High-School Grad
62.4 sq mi
ZIP Area
741
Density / Sq Mi
$78,731
Median Household Income
$42,249
Median Earnings
$1,790
Median Rent
$360,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Flexible commercial condo in European Village with an existing bathroom and utility infrastructure for interior customization.
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 $349,900.
What are key features of this property?
This property features: 1,250 SF retail condominium in Suite C 130; Located within European Village Shops and Restaurants Resort; Open layout with existing bathroom and utility infrastructure
