Office Unit with Reception
For Sale
$349,900
160 CYPRESS POINT PKWY #A102, Palm Coast, FL 32164
A first-floor office suite is arranged with individual offices and a customer-facing entry area.
Property Size952 SF
Price / SF$367.54
Days on Market687
Property Features for 160 CYPRESS POINT PKWY #A102
General Information
Standard status
Active
Size
952 SF
Property subtype
Office
Additional Details
Floor
1
Currently Operating
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$1,495
Building Details
Building Size
952 SF
Year Built
2008
Listing Agency:
Coastal Ventures Real Estate
Listed By:
Ashley Flatley · License #3361969
(904) 315-8547
Source:
Coastalventures
Added: Dec 10, 2024
Changed: Oct 26
Last Checked: Oct 26 at 3:51PM
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 Coastal Ventures Real Estate
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Investment Insights
Based on property information with market context.
This 952-square-foot office unit is on the first floor and was built in 2008. Its layout includes individual offices, an entry lobby with space for a receptionist desk, and a waiting area beside the front glass entry. The suite is currently used as an accounting office.
The property is at 160 Cypress Point Pkwy #A102 in Palm Coast, Florida, within a plaza.
The property is at 160 Cypress Point Pkwy #A102 in Palm Coast, Florida, within a plaza.
Key Highlights
- 952‑square‑foot office unit
- First‑floor placement in a plaza
- Individual offices with a lobby and customer waiting area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,027
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$220,540
$220.5K
Cap Rate 7%
$157,529
$157.5K
Cap Rate 9%
$122,522
$122.5K
Market Conditions
NOI Build-Up for 952 SF
Gross rent
$18.8K $19.80/SF
− Vacancy
−$4.1K −$4.36/SF
EGI
$14.7K $15.44/SF
− OpEx
−$3.7K −$3.86/SF
NOI
$11.0K $11.58/SF
Area
Flagler County, FL
Vacancy
22.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$220,540
Cap Rate 7%
$157,529
Cap Rate 9%
$122,522
Alternative Uses
Best Use
Office B
$157.5K
$137.8K – $183.8K
NOI $11,027 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$228.8K
$200.2K – $266.9K
NOI $16,014 @ 7.0% cap · market cap 4.58%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,247
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A first-floor office suite is arranged with individual offices and a customer-facing entry area.
Where is this office unit located?
The property is located at 160 CYPRESS POINT PKWY #A102 Palm Coast, FL.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 952‑square‑foot office unit; First‑floor placement in a plaza; Individual offices with a lobby and customer waiting area
