Updated Concrete Block
For Sale
Contact for pricing
16 Pine Hurst Lane, Palm Coast, FL 32164
Two residential units offer matching three-bedroom layouts, private garages, and a flexible owner-occupant or rental configuration.
Property Size3,447 SF
Price / SF$114.59
Days on Market161
Property Features for 16 Pine Hurst Lane
General Information
Standard status
Active
Size
3,447 SF
Total Parking Spaces
11
Property subtype
Multifamily, Land
Building Details
Year Built
2001
Units
2
Listing Agency:
EXP Realty LLC
(904) 660-9886
Listed By:
Clara Levin
Source:
Crexi
Added: Mar 25
Changed: Aug 30
Last Checked: Aug 31 at 8:45AM
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 EXP Realty LLC
Investment Insights
Based on property information with market context.
This duplex in Palm Coast contains two separate residential units, each arranged with 3 bedrooms, 2 bathrooms, and a one-and-a-half-car garage. The property provides 6 bedrooms and 4 bathrooms overall, with more than 2,630 square feet of living space and a total property size of 3,447 square feet. Concrete block construction, updated finishes, and ample parking are among the documented improvements. Built in 2001, the layout accommodates an owner-occupant who wants to lease the second unit or a residential investor seeking a two-unit property.
The property is located near shopping and schools, with access to I-95 identified as a site advantage. Its Palm Coast location and separate-unit design also support multigenerational residential use, subject to applicable requirements.
The property is located near shopping and schools, with access to I-95 identified as a site advantage. Its Palm Coast location and separate-unit design also support multigenerational residential use, subject to applicable requirements.
Key Highlights
- Duplex with 6 bedrooms and 4 bathrooms overall
- Each unit includes 3 bedrooms, 2 bathrooms, and a one‑and‑a‑half‑car garage
- More than 2,630 sq ft of living space; total property size is 3,447 sq ft
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
$35,361
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
8.95%
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%
$707,220
$707.2K
Cap Rate 7%
$505,157
$505.2K
Cap Rate 9%
$392,900
$392.9K
Market Conditions
NOI Build-Up for 3,447 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
$68.3K $19.80/SF
− Vacancy
−$4.0K −$1.15/SF
EGI
$64.3K $18.65/SF
− OpEx
−$28.9K −$8.39/SF
NOI
$35.4K $10.26/SF
Area
Flagler County, FL
Vacancy
5.80%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
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%
$707,220
Cap Rate 7%
$505,157
Cap Rate 9%
$392,900
Alternative Uses
Best Use
Multifamily LT 5
$568.6K
$497.5K – $663.4K
NOI $39,801 @ 7.0% cap · market cap 10.08%
Second Best
Apartment 5plus
$505.2K
$442.0K – $589.4K
NOI $35,361 @ 7.0% cap · market cap 8.95%
Theoretical Best
Office A
$828.3K
$724.8K – $966.4K
NOI $57,984 @ 7.0% cap · market cap 14.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
103
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 residential units offer matching three-bedroom layouts, private garages, and a flexible owner-occupant or rental configuration.
Where is this duplex located?
The property is located at 16 Pine Hurst Lane Palm Coast, FL.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Duplex with 6 bedrooms and 4 bathrooms overall; Each unit includes 3 bedrooms, 2 bathrooms, and a one‑and‑a‑half‑car garage; More than 2,630 sq ft of living space; total property size is 3,447 sq ft
