Versatile Commercial Unit in Palm
For Sale
$359,000
160 CYPRESS POINT PARKWAY D115, Palm Coast, FL 32164
Prime commercial space suitable for retail, office, or service businesses.
Property Size1,170 SF
Price / SF$306.84
Days on Market521
Property Features for 160 CYPRESS POINT PARKWAY D115
General Information
Standard status
Active
Size
1,170 SF
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$2,610
Building Details
Year Built
2008
Listing Agency:
WELCOME HOME REAL ESTATE LLC
(386) 931-5065
Listed By:
Fatima Sena · License #3069267
(386) 931-5065
Source:
Exitrealty
Added: Mar 7, 2025
Changed: Aug 8
Last Checked: Aug 10 at 4:13AM
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 WELCOME HOME REAL ESTATE LLC
Investment Insights
Based on property information with market context.
This first-floor commercial unit is located in Building D in Palm Coast's commercial district. Zoned COM-2, it offers possibilities for retail, office, or service-based businesses. The location features high traffic, ensuring visibility and accessibility. Abundant parking is available, including handicap-accessible spaces. An elevator provides added convenience. The unit includes both a front and rear entrance, facilitating loading and unloading. The property offers an opportunity to secure a location for bringing a business vision to life.
Key Highlights
- Prime location in Palm Coast's thriving commercial district with high traffic and excellent visibility.
- Zoned COM‑2, offering versatile possibilities for retail, office, or service‑based businesses.
- Spacious first‑floor commercial unit with front and rear entrances for seamless business operations.
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
$16,818
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
4.68%
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%
$336,360
$336.4K
Cap Rate 7%
$240,257
$240.3K
Cap Rate 9%
$186,867
$186.9K
Market Conditions
NOI Build-Up for 1,170 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
$26.0K $22.20/SF
− Vacancy
−$1.9K −$1.67/SF
EGI
$24.0K $20.54/SF
− OpEx
−$7.2K −$6.16/SF
NOI
$16.8K $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%
$336,360
Cap Rate 7%
$240,257
Cap Rate 9%
$186,867
Alternative Uses
Best Use
Retail
$240.3K
$210.2K – $280.3K
NOI $16,818 @ 7.0% cap · market cap 4.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$281.2K
$246.0K – $328.0K
NOI $19,681 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,247
Businesses Nearby
466k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 29%
Shops & Services 27%
Superstores 23%
Home Improvements & Furnishings 12%
Walmart
Superstores
107,842 visits/mo
0.1 miles
Chick-fil-A
Dining
49,595 visits/mo
0.4 miles
Lowe's
Home Improvements & Furnishings
33,689 visits/mo
0.5 miles
Shell
Shops & Services
32,244 visits/mo
0.4 miles
Winn-Dixie
Groceries
27,691 visits/mo
0.2 miles
Demographics for 32164, FL
49,412
Population
22,902
Households
2.2
Avg Household Size
48
Median Age
26%
College-Educated
91%
High-School Grad
32.5 sq mi
ZIP Area
1,520
Density / Sq Mi
$71,738
Median Household Income
$37,976
Median Earnings
$1,724
Median Rent
$308,100
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?
Retail space - Prime commercial space suitable for retail, office, or service businesses.
Where is this retail space located?
The property is located at 160 CYPRESS POINT PARKWAY D115 Palm Coast, FL.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Prime location in Palm Coast's thriving commercial district with high traffic and excellent visibility.; Zoned COM‑2, offering versatile possibilities for retail, office, or service‑based businesses.; Spacious first‑floor commercial unit with front and rear entrances for seamless business operations.
