Duplex with Updated Major
For Sale
$415,000
216 ULLIAN TRAIL A & B, Palm Coast, FL 32164
Two-unit property with open layouts, high ceilings, and bonus/flex rooms in each residence.
Property Size2,338 SF
Price / SF$177.50
Days on Market630
Property Features for 216 ULLIAN TRAIL A & B
General Information
Standard status
Active
Size
2,338 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,408
Building Details
Year Built
2001
Listing Agency:
CENTURY 21 SUNDANCE REALTY
(305) 310-2996
Listed By:
Nicole Brousseau · License #3125448
(305) 310-2996
Source:
Exitrealty
Added: Dec 9, 2024
Changed: Aug 30
Last Checked: Aug 30 at 9:06PM
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 CENTURY 21 SUNDANCE REALTY
Investment Insights
Based on property information with market context.
This 2,338-square-foot duplex, built in 2001, includes two residences with matching 2-bedroom, 2-bath layouts and a bonus/flex room in each unit. Both sides feature open-plan interiors and high ceilings, with design elements that support privacy between the residences. A roof replacement was completed in 2017 with a transferable warranty, and both water heaters were replaced in 2016. Unit B received an HVAC replacement in 2017. A transferable termite bond is also included.
The property is located in Palm Coast, with shopping, dining, and recreational facilities nearby. Beaches, golf courses, and scenic parks are within a short drive, adding access to a broad range of coastal and outdoor amenities.
The property is located in Palm Coast, with shopping, dining, and recreational facilities nearby. Beaches, golf courses, and scenic parks are within a short drive, adding access to a broad range of coastal and outdoor amenities.
Key Highlights
- 2,338‑square‑foot duplex built in 2001
- Each unit offers 2 bedrooms, 2 baths, and a bonus/flex room
- Open‑plan interiors with high ceilings in both residences
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
$26,996
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
6.51%
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%
$539,920
$539.9K
Cap Rate 7%
$385,657
$385.7K
Cap Rate 9%
$299,956
$300.0K
Market Conditions
NOI Build-Up for 2,338 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
$40.7K $17.40/SF
− Vacancy
−$2.1K −$0.90/SF
EGI
$38.6K $16.50/SF
− OpEx
−$11.6K −$4.95/SF
NOI
$27.0K $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%
$539,920
Cap Rate 7%
$385,657
Cap Rate 9%
$299,956
Alternative Uses
Best Use
Multifamily LT 5
$385.7K
$337.5K – $449.9K
NOI $26,996 @ 7.0% cap · market cap 6.51%
Second Best
Apartment 5plus
$342.6K
$299.8K – $399.7K
NOI $23,984 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$561.8K
$491.6K – $655.5K
NOI $39,329 @ 7.0% cap · market cap 9.48%
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
51
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-unit property with open layouts, high ceilings, and bonus/flex rooms in each residence.
Where is this duplex located?
The property is located at 216 ULLIAN TRAIL A & B Palm Coast, FL.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 2,338‑square‑foot duplex built in 2001; Each unit offers 2 bedrooms, 2 baths, and a bonus/flex room; Open‑plan interiors with high ceilings in both residences
