Renovated Medical Office
For Sale
$430,000
101 Palm Harbor Parkway Unit B114, Palm Coast, FL 32137
Flexible commercial condominium with private treatment rooms, reception space, and updated finishes for healthcare and professional service uses.
Property Size1,125 SF
Price / SF$382.22
Days on Market48
Property Features for 101 Palm Harbor Parkway Unit B114
General Information
Standard status
Active
Size
1,125 SF
Property subtype
Retail - Street Retail
Additional Details
Highway Access
Yes
Office Units
1
Building Details
Building Size
1,125 SF
Year Renovated
2023
Listing Agency:
Realty Pros Commercial
Listed By:
Briana Quinones
(386) 295-6855
Source:
Commercialcafe
Added: Sep 1
Changed: Oct 13
Last Checked: Oct 16 at 6:10AM
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 Realty Pros Commercial
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Investment Insights
Based on property information with market context.
Located at 101 Palm Harbor Parkway, Unit B114, this 1,125± square foot commercial condominium occupies European Village in Palm Coast. The medical office was renovated in 2023 and includes six private treatment rooms, a reception and waiting area, an updated restroom, and contemporary interior finishes. The layout supports medical aesthetics, med spa, massage therapy, chiropractic, wellness, cosmetic, counseling, and other professional office uses identified for the property.
European Village is a mixed-use setting with restaurants, boutiques, professional offices, luxury residences, live entertainment, community events, and a weekly Palm Coast Farmers Market. The property also offers access to Palm Coast Parkway, Interstate 95, and Flagler Beach. Its address is 101 Palm Harbor Parkway Unit B114, Palm Coast, FL 32137.
European Village is a mixed-use setting with restaurants, boutiques, professional offices, luxury residences, live entertainment, community events, and a weekly Palm Coast Farmers Market. The property also offers access to Palm Coast Parkway, Interstate 95, and Flagler Beach. Its address is 101 Palm Harbor Parkway Unit B114, Palm Coast, FL 32137.
Key Highlights
- 1,125± SF commercial condominium in European Village
- Six private treatment rooms
- Renovated in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,731
Cap Rate
3.66%
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 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 authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
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
Frequently Asked Questions
What type of property is this?
Medical Office Space - Flexible commercial condominium with private treatment rooms, reception space, and updated finishes for healthcare and professional service uses.
Where is this medical office space located?
The property is located at 101 Palm Harbor Parkway Unit B114 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: 1,125± SF commercial condominium in European Village; Six private treatment rooms; Renovated in 2023
