Commercial Condo with Spa Treatment
101 Palm Harbor Parkway Palm Coast, FL 32137
New
For Sale
$430,000
COMMERCIAL - Palm Coast, FL
Property Size1,125 SF
Price / SF$382.22
Days on Market2
Property Features for 101 Palm Harbor Parkway
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Parking features
- Assigned
- Security features
- Security
- 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
Last Checked: Jul 24 at 2:06AM
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.
Investment Insights
Based on property information with market context.
This commercial condo is currently operating as a turnkey spa and is configured with six private treatment rooms, including one double room with storefront frontage. The suite includes one restroom and a dedicated storage/office area, providing a functional setup for client services within a single space.
Located at 101 Palm Harbor Parkway in Palm Coast’s European Village mixed-use destination, the property benefits from the surrounding mix of restaurants, boutiques, live entertainment, festivals, farmers markets, and nightlife. European Village is also described as being near I-95, the Intracoastal Waterway, and Flagler beaches.
The space is suited for owner-users who want a ready-to-operate wellness or professional setup. The current layout also supports potential reconfiguration for other uses, including medical, wellness, massage, chiropractic, aesthetics, professional office, or retail/restaurant conversion, subject to approvals.
Located at 101 Palm Harbor Parkway in Palm Coast’s European Village mixed-use destination, the property benefits from the surrounding mix of restaurants, boutiques, live entertainment, festivals, farmers markets, and nightlife. European Village is also described as being near I-95, the Intracoastal Waterway, and Flagler beaches.
The space is suited for owner-users who want a ready-to-operate wellness or professional setup. The current layout also supports potential reconfiguration for other uses, including medical, wellness, massage, chiropractic, aesthetics, professional office, or retail/restaurant conversion, subject to approvals.
Key Highlights
- $430,000 price for a 1,125 SF commercial condo in European Village
- Operating as a spa with six private treatment rooms, including a double treatment room with storefront frontage
- Includes 1 restroom plus a storage/office area within the spa space
Financial Insights For Healthcare Medical
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 | $29.3k | $26.04 |
| − Vacancy | −$3.1k | −$2.73 |
| EGI | $26.2k | $23.31 |
| − OpEx | −$10.5k | −$9.32 |
| NOI | $15.7k | $13.98 |
1,125 SF · lease $26.04/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$224.7K
$196.6K – $262.2K
NOI $15,731 @ 7.0% cap · market cap 3.66%
Second Best
Office B
$186.2K
$162.9K – $217.2K
NOI $13,031 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$270.3K
$236.6K – $315.4K
NOI $18,924 @ 7.0% cap · market cap 4.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
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 Off Market Nearby
- Vande Wellness LLc — 4440 N Ocean Shore Blvd Suite # 103, Palm Coast, FL 32137
FAQs
What type of property is this?
Spa & wellness property - Turnkey spa suite with six private treatment rooms, including a double room with storefront frontage.
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 $430,000.
What are key features of this property?
This property features: $430,000 price for a 1,125 SF commercial condo in European Village; Operating as a spa with six private treatment rooms, including a double treatment room with storefront frontage; Includes 1 restroom plus a storage/office area within the spa space
