Subdividable Office
For Sale
Contact for pricing
145 City Place, Palm Coast, FL 32164
Large second-floor suite can be subdivided into multiple offices, with proposed floor plans available.
Property Size51,793 SF
Price / SF$0.00
Days on Market193
Property Features for 145 City Place
General Information
Standard status
Active
Size
51,793 SF
Class
A
Property subtype
Office
Lease Term
NNN
Additional Details
Opportunity Zone
Yes
Office Units
6
Building Details
Building Size
51,793 SF
Year Built
2009
Properties For Sale
at 145 City Place
Unit 201
Size
9,303 SF
Term
Negotiable
Listing Agency:
SVN | Alliance Commercial Real Estate Advisors
Listed By:
Chris Butera · License #FL #SL3083110
(386) 453-4789
Source:
Svn
Added: Apr 11
Changed: Oct 2
Last Checked: Oct 19 at 4:33AM
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 SVN | Alliance Commercial Real Estate Advisors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A large second-floor office suite totaling 7,800 SF is available for sale and can be subdivided into up to six suites. The proposed floor plan outlines multiple smaller configurations, with suite sizes ranging from 1,000 to 1,325 SF, which may be purchased together or individually.
The building is described as Class A and located in Palm Coast’s Town Center, adjacent to a park with a walking path and City Hall. Many of the proposed suites are described as having lake views.
This configuration offers flexible space planning within a multi-suite office setting, with suitability noted for professional, medical, and/or accounting uses based on the property remarks.
The building is described as Class A and located in Palm Coast’s Town Center, adjacent to a park with a walking path and City Hall. Many of the proposed suites are described as having lake views.
This configuration offers flexible space planning within a multi-suite office setting, with suitability noted for professional, medical, and/or accounting uses based on the property remarks.
Key Highlights
- Large 2nd‑floor suite offers 7,800 SF of flexible space.
- Suite can be subdivided into up to 6 suites sized from 1,000 to 1,325 SF.
- Proposed floor plans are available for the subdivision into multiple office suites.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,347
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,806,940
$1.8M
Cap Rate 7%
$1,290,671
$1.3M
Cap Rate 9%
$1,003,856
$1.0M
Market Conditions
NOI Build-Up for 7,800 SF
Gross rent
$154.4K $19.80/SF
− Vacancy
−$34.0K −$4.36/SF
EGI
$120.5K $15.44/SF
− OpEx
−$30.1K −$3.86/SF
NOI
$90.3K $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%
$1,806,940
Cap Rate 7%
$1,290,671
Cap Rate 9%
$1,003,856
Alternative Uses
Best Use
Healthcare Medical
$1.56M
$1.36M – $1.82M
NOI $109,071 @ 7.0% cap · market cap 287,028.95%
Second Best
Office B
$1.29M
$1.13M – $1.51M
NOI $90,347 @ 7.0% cap · market cap 237,755.26%
Theoretical Best
Office A
$1.87M
$1.64M – $2.19M
NOI $131,208 @ 7.0% cap · market cap 345,284.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
6
Office units
Location Intelligence
Trade Area within ½ mile
109
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 Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Large second-floor suite can be subdivided into multiple offices, with proposed floor plans available.
Where is this office unit located?
The property is located at 145 City Place Palm Coast, FL.
What are key features of this property?
This property features: Large 2nd‑floor suite offers 7,800 SF of flexible space.; Suite can be subdivided into up to 6 suites sized from 1,000 to 1,325 SF.; Proposed floor plans are available for the subdivision into multiple office suites.
