Brand-New Duplex with Private
For Sale
$579,000
Pending
26 EMERALD LANE A & B, Palm Coast, FL 32164
Two spacious units feature contemporary kitchens, high ceilings, and durable tile flooring throughout.
Property Size2,692 SF
Days on Market512
Property Features for 26 EMERALD LANE A & B
General Information
Standard status
Pending
Size
2,692 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$1,135
Building Details
Year Built
2025
Listing Agency:
TRADEMARK REALTY GROUP LLC
(386) 931-4620
Listed By:
Bruce Garrison · License #3070543
(386) 931-4620
Source:
Exitrealty
Added: Apr 8, 2025
Changed: Aug 31
Last Checked: Aug 31 at 5:41PM
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 TRADEMARK REALTY GROUP LLC
Investment Insights
Based on property information with market context.
Built in 2025, this duplex contains two three-bedroom, two-bath units, each offering 1,346 living sqft and its own two-car garage. Both residences are designed with tile flooring throughout, high ceilings, tray ceiling details, and bright great rooms that create open, comfortable interiors.
Each unit includes a newly finished kitchen with stainless steel appliances and ample cabinetry. The property is located in the Cypress Knoll subdivision in Palm Coast, providing a contemporary residential configuration suitable for separate households or multigenerational living.
Each unit includes a newly finished kitchen with stainless steel appliances and ample cabinetry. The property is located in the Cypress Knoll subdivision in Palm Coast, providing a contemporary residential configuration suitable for separate households or multigenerational living.
Key Highlights
- 2025‑built duplex in the Cypress Knoll subdivision
- Two 3‑bedroom, 2‑bath units, each with 1346 living sqft
- Each unit includes its own 2‑car garage
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
$31,084
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
5.37%
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%
$621,680
$621.7K
Cap Rate 7%
$444,057
$444.1K
Cap Rate 9%
$345,378
$345.4K
Market Conditions
NOI Build-Up for 2,692 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
$46.8K $17.40/SF
− Vacancy
−$2.4K −$0.90/SF
EGI
$44.4K $16.50/SF
− OpEx
−$13.3K −$4.95/SF
NOI
$31.1K $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%
$621,680
Cap Rate 7%
$444,057
Cap Rate 9%
$345,378
Alternative Uses
Best Use
Multifamily LT 5
$444.1K
$388.6K – $518.1K
NOI $31,084 @ 7.0% cap · market cap 5.37%
Second Best
Apartment 5plus
$394.5K
$345.2K – $460.3K
NOI $27,616 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$646.9K
$566.1K – $754.7K
NOI $45,284 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
166
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two spacious units feature contemporary kitchens, high ceilings, and durable tile flooring throughout.
Where is this duplex located?
The property is located at 26 EMERALD LANE A & B Palm Coast, FL.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: 2025‑built duplex in the Cypress Knoll subdivision; Two 3‑bedroom, 2‑bath units, each with 1346 living sqft; Each unit includes its own 2‑car garage
