Versatile Warehouse Space For
For Sale
$225,000
15 HARGROVE LANE 5D, Palm Coast, FL 32137
Commercial/industrial warehouse with office and bathroom, 1,000 square feet.
Property Size1,000 SF
Lot Size0.02 Acres
Price / SF$225
Days on Market640
Property Features for 15 HARGROVE LANE 5D
General Information
Standard status
Active
Size
1,000 SF
Lot size
0.02 Acres
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$1,767
Building Details
Year Built
2006
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Marcia Wilk · License #3198774
(386) 338-7775
Source:
Exitrealty
Added: Jan 8, 2025
Changed: Aug 8
Last Checked: Aug 8 at 6:24AM
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 EXP REALTY LLC
Investment Insights
Based on property information with market context.
This commercial and industrial warehouse offers 1,000 square feet of versatile space. The property includes an office and a bathroom, making it suitable for various business needs. This property presents an opportunity to secure space for business growth.
Key Highlights
- 1,000 sq ft of versatile commercial/industrial space
- Includes a dedicated office space
- Features a private bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,043
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$160,860
$160.9K
Cap Rate 7%
$114,900
$114.9K
Cap Rate 9%
$89,367
$89.4K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$10.0K $9.96/SF
− Vacancy
−$498 −$0.50/SF
EGI
$9.5K $9.46/SF
− OpEx
−$1.4K −$1.42/SF
NOI
$8.0K $8.04/SF
Area
Flagler County, FL
Vacancy
5.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$160,860
Cap Rate 7%
$114,900
Cap Rate 9%
$89,367
Alternative Uses
Best Use
Warehouse
$114.9K
$100.5K – $134.1K
NOI $8,043 @ 7.0% cap · market cap 3.57%
Second Best
Industrial
$86.0K
$75.2K – $100.3K
NOI $6,017 @ 7.0% cap · market cap 2.67%
Theoretical Best
Office A
$240.3K
$210.3K – $280.4K
NOI $16,822 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
160
Businesses Nearby
Well-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Commercial/industrial warehouse with office and bathroom, 1,000 square feet.
Where is this warehouse located?
The property is located at 15 HARGROVE LANE 5D Palm Coast, FL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 1,000 sq ft of versatile commercial/industrial space; Includes a **dedicated office space**; Features a private bathroom
