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    101 Palm Harbor Pkwy, Unit C129 Palm Coast, FL 32137

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    For Sale
    $339,000

    Own your business location in the European Village!

    Lot size:
    0.03 Acres

    Property Features for 101 Palm Harbor Pkwy

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.03 Acres

    Building Details

    Year built
    2005

    We can help!

    Listing Contact
    Tamara Dysard
    Source: Elliman

    Listing Agent: Tamara Dysard

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

    Learn more

    Overview

    European Village Commercial Space For Sale

    This 1,250 square foot commercial space is located in the European Village, a destination for locals and tourists. The unit includes one bathroom, with plumbing installed for a second bathroom, and a small kitchen area. The property is suitable for various business uses, including a restaurant with a full kitchen, a coffee and ice cream shop, a breakfast shop, or an apparel shop. Residential condos above the commercial space provide a built-in customer base from year-round residents and vacation travelers. The European Village hosts a Sunday Farmers market and live music on weekends, along with special events throughout the year that increase foot traffic. There is potential to double the square footage for a larger storefront, which would allow for a full liquor license if a kitchen is added. The business owners recently got together to plan additional events.
    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

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palm Coast
    County
    Flagler
    State
    Florida
    Longitude
    -81.1901434
    Latitude
    29.5709588

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    FAQs

    What type of property is this?
    Storefront property - Own your business location in the European Village!
    Where is this storefront property located?
    The property is located at 101 Palm Harbor Pkwy, 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: - Own your business location in the high-traffic European Village, eliminating rent.; - Rare opportunity to purchase a 1250 sq ft commercial space unit.; - Versatile space suitable for various business types (restaurant, coffee shop, apparel, etc.).
    (386) 283-1293
    Request Owner's contact information
    101 Palm Harbor Pkwy, Unit C129 Palm Coast, FL 32137
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    Palm Coast, FL 32137
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    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
    101 Palm Harbor Pkwy, Unit C129 Palm Coast, FL 32137
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    We can help!
    Listing Contact
    Tamara Dysard
    Real Estate License ID: 3551237
    (386) 283-1293 (386) 447-6889
    Learn more
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