A1A Frontage Restaurant
For Sale
$950,000
5062 N OCEAN SHORE Blvd, Palm Coast, FL 32137
Restaurant-approved property with A1A frontage and ample parking.
Property Size2,138 SF
Lot Size1.00 Acre
Price / SF$444.34
Days on Market109
Property Features for 5062 N OCEAN SHORE Blvd
General Information
Standard status
Active
Size
2,138 SF
Lot size
1.00 Acre
Property subtype
Commercial
Building Details
Year Built
1968
Listing Agency:
REALTY EXCHANGE, LLC
(386) 931-0580
Listed By:
Jennifer Wagner · License #3620364
(386) 931-0580
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Aug 10 at 7:55AM
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 EXCHANGE, LLC
Investment Insights
Based on property information with market context.
This property presents an opportunity for establishing a restaurant or commercial venture. Situated on almost 1 acre of land, the site offers visibility and frontage directly on A1A. The existing enclosed building space measures 2,000 square feet, with a total of 2,138 square feet under roof. Foam insulation enhances energy efficiency and climate control. Approved for restaurant use, the site includes 38 parking spaces, with 2 designated as handicapped-accessible. A 30' x 30' two-bay metal building with two 10-foot doors provides space for storage, equipment, or operational support. Additional property improvements include a 2-year-old AC system and a roof approximately 10 years old. The property is located in a coastal location with strong traffic visibility.
Key Highlights
- Prime A1A frontage with excellent visibility and high traffic.
- Approved for restaurant use with 38 parking spaces (including 2 accessible).
- Existing 2,000 sq ft enclosed building space (2,138 sq ft under roof).
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
$33,382
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
3.51%
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%
$667,640
$667.6K
Cap Rate 7%
$476,886
$476.9K
Cap Rate 9%
$370,911
$370.9K
Market Conditions
NOI Build-Up for 2,138 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
$47.0K $21.96/SF
− Vacancy
−$2.4K −$1.14/SF
EGI
$44.5K $20.82/SF
− OpEx
−$11.1K −$5.20/SF
NOI
$33.4K $15.61/SF
Area
Flagler County, FL
Vacancy
5.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
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%
$667,640
Cap Rate 7%
$476,886
Cap Rate 9%
$370,911
Alternative Uses
Best Use
Specialty Retail
$476.9K
$417.3K – $556.4K
NOI $33,382 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$513.8K
$449.6K – $599.4K
NOI $35,965 @ 7.0% cap · market cap 3.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
168
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant-approved property with A1A frontage and ample parking.
Where is this conventional restaurant located?
The property is located at 5062 N OCEAN SHORE Blvd Palm Coast, FL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Prime A1A frontage with excellent visibility and high traffic.; Approved for restaurant use with 38 parking spaces (including 2 accessible).; Existing 2,000 sq ft enclosed building space (2,138 sq ft under roof).
