Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Palm Coast, FL 32137

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Former bank branch with drive-thru and ample parking.

    We can help!

    Listing Contact
    Colin Warren
    Source: Atlanticretail

    Listing Agent: Colin Warren

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Former Bank Branch For Sublease

    This property, suitable for commercial use, is available for sublease. It was formerly a bank branch and includes 28 parking spaces and 5 drive-thru lanes. The site benefits from high visibility on Palm Coast Parkway, which sees an average daily traffic count of 44,500 vehicles. The property is zoned for commercial use.
    Location Intelligence

    Current Use by Public Records

    Banks

    Map

    City
    Palm Coast
    County
    Flagler
    State
    Florida
    Longitude
    -81.2866
    Latitude
    29.5706

    Nearby Similar for Lease

    • $2,300,000
      14,788 SF

      Palm Coast Office Park Quad

      14,788 SF office quad with recent renovations.
      4 Office Park Dr, Palm Coast, FL 32137
      View Details
    • $1,850 /Mo
      1,228 SF

      Professional Office Suite For Rent

      Executive office suite in Belle Terre Business & Professional Park.
      50 Leanni Way, Palm Coast, FL 32137
      View Details
    • $900 /Mo
      Pending

      Palm Coast Warehouse/Office Space

      Warehouse/light industrial suite with offices, reception, and private bathroom.
      21 Utility Dr, Palm Coast, FL 32137
      View Details
    • $1,000 /Mo
      810 SF

      Palm Coast Office Space Available

      Commercial unit near Island Walk Shopping Center with two offices.
      21 Old Kings Rd N, Palm Coast, FL 32137
      View Details
    • $12 SF/Yr
      180,338 SF

      Palm Coast Industrial Sublease Space

      Industrial space for sublease in Palm Coast, Florida.
      25 Railside Way, Palm Coast, FL 32137
      View Details
    • $7,662 /Mo
      69,026 SF

      Medical Office Space Sublease

      Sublease medical office space next to Advent Hospital Flagler.
      21 Hospital Dr, Palm Coast, FL 32164
      View Details
    • $1,900 /Mo
      1,170 SF

      Commercial Space in High-Traffic Plaza

      Versatile commercial unit with high visibility and accessibility.
      160 Cypress Point Pkwy, Palm Coast, FL 32164
      View Details
    • Contact for pricing
      5,250 SF

      Retail and Residential Development

      Mixed-use development with retail, restaurant, office, and residential spaces.
      890 Central Ave, Palm Coast, FL 32137
      View Details
    • $100,000

      New Industrial Construction in Palm Coast

      New industrial space for lease, available Q1 2025.
      26 Hargrove Grade 1, Palm Coast, FL 32137
      View Details
    • Contact for pricing
      5,225 SF

      Retail and Commercial Space Available

      Retail, restaurant, and office spaces for lease in Palm Coast.
      469 Bulldog Dr, Palm Coast, FL 32164
      View Details
    • $100,000

      New Industrial Construction in Palm Coast

      New industrial space for lease, available Q1 2025.
      26 Hargrove Grade 2, Palm Coast, FL 32137
      View Details
    • $611,390

      Updated Office Space in Palm Coast

      Updated office space in Palm Coast's Class A industrial park.
      2 Commerce Blvd, Palm Coast, FL 32164
      View Details

    FAQs

    What type of property is this?
    Bank - Former bank branch with drive-thru and ample parking.
    Where is this bank located?
    The property is located at Palm Coast, FL.
    What are key features of this property?
    This property features: - Highly visible location on Palm Coast Parkway with 44,500 ADT.; - Former bank branch with existing 5 drive-thru lanes.; - 28 parking spaces.
    (516) 314-3846
    Request Owner's contact information
    Palm Coast, FL 32137
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Palm Coast, FL 32137
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Palm Coast, FL 32137
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Colin Warren
    (516) 314-3846
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.