New Construction
For Sale
$546,770
Pending
9 SERBIAN BELLFLOWER TRAIL, Palm Coast, FL 32164
Two distinct residences offer updated finishes, private entrances, garages, and separate outdoor areas.
Property Size2,398 SF
Days on Market596
Property Features for 9 SERBIAN BELLFLOWER TRAIL
General Information
Standard status
Pending
Size
2,398 SF
Total Parking Spaces
2
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$778
Building Details
Year Built
2024
Buildings
1
Listing Agency:
MATOK REALTY & MANAGEMENT INC
(407) 969-1843
Listed By:
Ruth Carvajal · License #3520653
(407) 969-1843
Source:
Exitrealty
Added: Jan 13, 2025
Changed: Aug 31
Last Checked: Aug 31 at 4:09PM
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 MATOK REALTY & MANAGEMENT INC
Investment Insights
Based on property information with market context.
Completed in 2024, this 2,398-square-foot duplex includes two side-by-side residences, each with 3 bedrooms, 2 bathrooms, and a 1-car garage. Both units feature ceramic tile flooring, granite kitchen and vanity surfaces, stainless steel appliances, LED lighting, ample cabinetry, and interior laundry hookups within the garages. Rain gutters extend around the building, and each residence has its own lanai overlooking the backyard.
Positioned on a corner parcel in Seminole Woods, the property gives each unit a separate street-facing entrance. The surrounding area includes Target, Aldi, BJ's Warehouse, shopping, restaurants, entertainment, parks, schools, Advent Hospital, and Town Center. SR100 provides access toward Flagler beaches, while I-95 connects the area with Jacksonville and Daytona.
Positioned on a corner parcel in Seminole Woods, the property gives each unit a separate street-facing entrance. The surrounding area includes Target, Aldi, BJ's Warehouse, shopping, restaurants, entertainment, parks, schools, Advent Hospital, and Town Center. SR100 provides access toward Flagler beaches, while I-95 connects the area with Jacksonville and Daytona.
Key Highlights
- 2024‑built duplex with 2,398 square feet
- Each unit includes 3 bedrooms, 2 bathrooms, and a 1‑car garage
- Stainless steel appliances, granite counters, ceramic tile, and LED fixtures in both units
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
$27,689
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
5.06%
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%
$553,780
$553.8K
Cap Rate 7%
$395,557
$395.6K
Cap Rate 9%
$307,656
$307.7K
Market Conditions
NOI Build-Up for 2,398 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
$41.7K $17.40/SF
− Vacancy
−$2.2K −$0.90/SF
EGI
$39.6K $16.50/SF
− OpEx
−$11.9K −$4.95/SF
NOI
$27.7K $11.55/SF
Area
Flagler County, FL
Vacancy
5.20%
Lease Rate
$17.40 /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%
$553,780
Cap Rate 7%
$395,557
Cap Rate 9%
$307,656
Alternative Uses
Best Use
Multifamily LT 5
$395.6K
$346.1K – $461.5K
NOI $27,689 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$351.4K
$307.5K – $410.0K
NOI $24,600 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$576.3K
$504.2K – $672.3K
NOI $40,338 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
Explore this area
Business Placement
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 Multifamily 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?
Duplex - Two distinct residences offer updated finishes, private entrances, garages, and separate outdoor areas.
Where is this duplex located?
The property is located at 9 SERBIAN BELLFLOWER TRAIL Palm Coast, FL.
What is the asking price?
The asking price for this property is $546,770.
What are key features of this property?
This property features: 2024‑built duplex with 2,398 square feet; Each unit includes 3 bedrooms, 2 bathrooms, and a 1‑car garage; Stainless steel appliances, granite counters, ceramic tile, and LED fixtures in both units
