Automotive Contractor
For Sale
$475,000
6 MARKET PLACE Ct, Palm Coast, FL 32137
A 2,640 sq. ft. warehouse with a split layout for automotive operations and a contractor/roofing setup.
Property Size2,640 SF
Price / SF$179.92
Days on Market12
Property Features for 6 MARKET PLACE Ct
General Information
Standard status
Active
Size
2,640 SF
Total Parking Spaces
15
Property subtype
Commercial
Building Details
Building Size
2,640 SF
Year Built
1986
Listing Agency:
Palm West Home Realty, Inc.
(310) 251-1456
Listed By:
Herbert Ankrom · License #648804
(310) 251-1456
Source:
Elliman
Added: Jul 25
Changed: Jul 26
Last Checked: Aug 5 at 9:26AM
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 Palm West Home Realty, Inc.
Investment Insights
Based on property information with market context.
This property is a 2,640 sq. ft. warehouse built with a split interior configuration for two commercial uses. Two-thirds of the space is customized for automotive operations, including drive-in access and service space. The remaining one-third is set up for a contractor/roofing division with dedicated operational and storage space.
The site includes dedicated off-street parking for 12 to 15 vehicles, supporting day-to-day loading, service, and contractor activity. Walkability is limited, with the area described as car-dependent.
For buyers seeking an income-producing asset, the property is presented as having existing tenants in place and a turnkey setup across both functional areas.
The site includes dedicated off-street parking for 12 to 15 vehicles, supporting day-to-day loading, service, and contractor activity. Walkability is limited, with the area described as car-dependent.
For buyers seeking an income-producing asset, the property is presented as having existing tenants in place and a turnkey setup across both functional areas.
Key Highlights
- 2,640 sq. ft. commercial warehouse built in 1986 with a split layout for automotive and contractor/roofing operations
- Two‑thirds of the space is customized for automotive use with drive‑in access and service space
- One‑third of the facility is set up for an established contractor/roofing division with operational and storage space
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.6k | $22.20 |
| − Vacancy | −$4.4k | −$1.67 |
| EGI | $54.2k | $20.54 |
| − OpEx | −$16.3k | −$6.16 |
| NOI | $37.9k | $14.37 |
2,640 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$542.1K
$474.4K – $632.5K
NOI $37,949 @ 7.0% cap · market cap 7.99%
Second Best
Flex RnD
$428.5K
$375.0K – $500.0K
NOI $29,998 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$634.4K
$555.1K – $740.2K
NOI $44,409 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
233
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - A 2,640 sq. ft. warehouse with a split layout for automotive operations and a contractor/roofing setup.
Where is this flex space located?
The property is located at 6 MARKET PLACE Ct Palm Coast, FL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 2,640 sq. ft. commercial warehouse built in 1986 with a split layout for automotive and contractor/roofing operations; Two‑thirds of the space is customized for automotive use with drive‑in access and service space; One‑third of the facility is set up for an established contractor/roofing division with operational and storage space
