European Village Spa & Wellness
For Sale
$350,000
101 Palm Harbor Parkway, Palm Coast, FL 32137
Commercial Sale, Palm Coast, FL
Property Size1,125 SF
Price / SF$311.11
Days on Market93
Property Features for 101 Palm Harbor Parkway
General Information
Property type
Commercial Sale
Property subtype
Retail
Parking features
Assigned
Security features
Security
Lot features
Corner Lot
Directions
Traveling on Palm Coast Parkway SE, turn right onto Palm Harbor Parkway. Turn left and arrive at at the European Village.
Subdivision
60 - Palm Coast
Standard status
Active
APN
38-11-31-1915-000B0-1140
Size
1,125 SF
Listing Agency:
Realty Pros Commercial
(386) 253-8565
Listed By:
Briana Quinones
(386) 295-6855
Added: Jul 23
Changed: Oct 2
Last Checked: Oct 23 at 4:06PM
MLS# 1228941
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.
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Investment Insights
Based on property information with market context.
This 1,125-square-foot commercial condo at 101 Palm Harbor Parkway is configured for spa and wellness operations. The layout includes six private treatment rooms, a double treatment room with storefront frontage, one restroom, and a combined storage and office area. Assigned parking is included.
The property is situated within European Village, a mixed-use destination with restaurants, boutiques, live entertainment, festivals, farmers markets, nightlife, and residential condominium units. The location is near I-95, the Intracoastal Waterway, and Flagler beaches. The existing configuration may also support medical, massage, chiropractic, aesthetics, professional office, retail, or restaurant uses subject to approvals.
The property is situated within European Village, a mixed-use destination with restaurants, boutiques, live entertainment, festivals, farmers markets, nightlife, and residential condominium units. The location is near I-95, the Intracoastal Waterway, and Flagler beaches. The existing configuration may also support medical, massage, chiropractic, aesthetics, professional office, retail, or restaurant uses subject to approvals.
Key Highlights
- 1,125 SF commercial condo in European Village
- Six private treatment rooms, including a double room
- Double treatment room includes storefront frontage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,731
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,620
$314.6K
Cap Rate 7%
$224,729
$224.7K
Cap Rate 9%
$174,789
$174.8K
Market Conditions
NOI Build-Up for 1,125 SF
Gross rent
$29.3K $26.04/SF
− Vacancy
−$3.1K −$2.73/SF
EGI
$26.2K $23.31/SF
− OpEx
−$10.5K −$9.32/SF
NOI
$15.7K $13.98/SF
Area
Flagler County, FL
Vacancy
10.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,620
Cap Rate 7%
$224,729
Cap Rate 9%
$174,789
Alternative Uses
Best Use
Healthcare Medical
$224.7K
$196.6K – $262.2K
NOI $15,731 @ 7.0% cap · market cap 4.49%
Second Best
Office B
$186.2K
$162.9K – $217.2K
NOI $13,031 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$270.3K
$236.6K – $315.4K
NOI $18,924 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
208
Businesses Nearby
Under-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Vande Wellness LLc — 4440 N Ocean Shore Blvd Suite # 103, Palm Coast, FL 32137
Frequently Asked Questions
What type of property is this?
Spa & wellness property - Configured with six private treatment rooms, a restroom, and dedicated storage and office space.
Where is this spa & wellness property 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 $350,000.
What are key features of this property?
This property features: 1,125 SF commercial condo in European Village; Six private treatment rooms, including a double room; Double treatment room includes storefront frontage
