Storefront Unit in European
For Sale
$339,000
101 Palm Harbor Parkway Unit C129, Palm Coast, FL 32137
Commercial space includes central air, a small kitchen area, and plumbing installed for a second bathroom.
Property Size1,250 SF
Price / SF$271.20
Days on Market403
Property Features for 101 Palm Harbor Parkway Unit C129
General Information
Standard status
Active
Size
1,250 SF
Property subtype
Commercial Sale / Mixed Use
Taxes and HOA fees
Annual Taxes
$3,490
Amenities
Central Air
No
Square Feet
Public Records
Tile
Slab
Concrete, Stucco
Building Details
Year Built
2005
Listing Agency:
TRADEMARK REALTY GROUP LLC
(305) 965-5678
Listed By:
Richard Campion · License #0631649
(305) 965-5678
Source:
Compass
Added: Jul 25, 2025
Changed: Aug 29
Last Checked: Aug 29 at 4:01PM
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 TRADEMARK REALTY GROUP LLC
Investment Insights
Based on property information with market context.
This 1250-square-foot storefront unit at European Village was built in 2005 and includes one bathroom, with plumbing already installed for a second. The interior also provides a small kitchen area and central air, while the building’s concrete and stucco exterior rests on a slab foundation. The space is suited to a range of commercial concepts, including food service, beverage, breakfast, ice cream, and apparel uses identified for the property.
Residential condominiums are located above the commercial units, including year-round residents and short-term vacation rentals. European Village also hosts a Sunday farmers market, weekend live music, and special events throughout the year. The property is located at 101 Palm Harbor Parkway, Unit C129, in Palm Coast, Florida.
Residential condominiums are located above the commercial units, including year-round residents and short-term vacation rentals. European Village also hosts a Sunday farmers market, weekend live music, and special events throughout the year. The property is located at 101 Palm Harbor Parkway, Unit C129, in Palm Coast, Florida.
Key Highlights
- 1250 square feet of commercial storefront space
- One bathroom with plumbing installed for a second
- Small kitchen area and central air
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
$17,968
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
5.30%
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%
$359,360
$359.4K
Cap Rate 7%
$256,686
$256.7K
Cap Rate 9%
$199,644
$199.6K
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
$27.8K $22.20/SF
− Vacancy
−$2.1K −$1.67/SF
EGI
$25.7K $20.54/SF
− OpEx
−$7.7K −$6.16/SF
NOI
$18.0K $14.37/SF
Area
Flagler County, FL
Vacancy
7.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
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%
$359,360
Cap Rate 7%
$256,686
Cap Rate 9%
$199,644
Alternative Uses
Best Use
Retail
$256.7K
$224.6K – $299.5K
NOI $17,968 @ 7.0% cap · market cap 5.30%
Second Best
Mixed Use
$180.8K
$158.2K – $210.9K
NOI $12,656 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$300.4K
$262.8K – $350.5K
NOI $21,027 @ 7.0% cap · market cap 6.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Commercial space includes central air, a small kitchen area, and plumbing installed for a second bathroom.
Where is this storefront property located?
The property is located at 101 Palm Harbor Parkway Unit C129 Palm Coast, FL.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: 1250 square feet of commercial storefront space; One bathroom with plumbing installed for a second; Small kitchen area and central air
