Mixed-Use Condo Package with
101 Palm Harbor Pkwy Palm Coast, FL 32137
New
101 Palm Harbor Pkwy, Palm Coast, FL, 32137
$605,000
For Sale
$605,000
Two condos with covered parking and two additional land parcels, including one directly on the Intracoastal.
Property Size1,805 SF
Price / SF$335.18
Days on Market3
Property Features for 101 Palm Harbor Pkwy
General Information
- Standard status
- Active
- Size
- 1,805 SF
Building Details
- Year Built
- 2005
Listing agency
RE/MAX SIGNATURE
(724) 954-2787
Listed by
Clarissa Swartzlander · License #3535615
Source
Bradfordrealestatenetwork
Added: Jul 20 Updated: Jul 21 at 12:30PM Checked: Jul 21 at 12:30PM
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 RE/MAX SIGNATURE
Investment Insights
Based on property information with market context.
This offering includes two condos, each suitable for residential or short-term rental use, or for professional office space. The package also includes ten covered parking spaces. In addition to the condos, there are two separate parcels of land included, one of which is directly on the Intracoastal.
The property is located at 101 Palm Harbor Pkwy in Palm Coast, FL, within a mixed-use destination described as European Village. The combination of condos, covered parking, and included land provides flexibility for current use and future development opportunities.
As presented, the asset is a coordinated package featuring covered parking, two condo units, and two land parcels, including Intracoastal waterfront land.
The property is located at 101 Palm Harbor Pkwy in Palm Coast, FL, within a mixed-use destination described as European Village. The combination of condos, covered parking, and included land provides flexibility for current use and future development opportunities.
As presented, the asset is a coordinated package featuring covered parking, two condo units, and two land parcels, including Intracoastal waterfront land.
Key Highlights
- European Village package includes two condos with options for residential, short‑term rentals, or professional office use
- Ten (10) covered parking spaces included
- Two additional land parcels included, including one parcel directly on the Intracoastal
Local 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 | $35.7k | $19.80 |
| − Vacancy | −$7.9k | −$4.36 |
| EGI | $27.9k | $15.44 |
| − OpEx | −$7.0k | −$3.86 |
| NOI | $20.9k | $11.58 |
1,805 SF · lease $19.80/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$298.7K
$261.3K – $348.5K
NOI $20,907 @ 7.0% cap · market cap 3.46%
Second Best
Apartment 5plus
$264.5K
$231.5K – $308.6K
NOI $18,516 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$433.8K
$379.5K – $506.1K
NOI $30,363 @ 7.0% cap · market cap 5.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Massage by Alice ...
Alternative Medicine Practice
Trademark Realty Group ...
Real Estate Agency
Red Koi
Restaurant
Palm Coast Gold ...
(Bike/Boat/Book/etc) Store
Berkshire Hathaway HS ...
Real Estate Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Short term rental property - Two condos with covered parking and two additional land parcels, including one directly on the Intracoastal.
Where is this short term rental property located?
The property is located at 101 Palm Harbor Pkwy Palm Coast, FL.
What is the asking price?
The asking price for this property is $605,000.
What are key features of this property?
This property features: European Village package includes two condos with options for residential, short‑term rentals, or professional office use; Ten (10) covered parking spaces included; Two additional land parcels included, including one parcel directly on the Intracoastal
