First-Floor Commercial Unit with Two
160 CYPRESS POINT Parkway Palm Coast, FL 32164
For Sale
Under Contract
$369,000
SINGLE_FAMILY - PALM COAST, FL
Property Size1,170 SF
Lot Size0.03 Acres
Price / SF$315.38
Days on Market140
Property Features for 160 CYPRESS POINT Parkway
General Information
Property type
Residential
Property subtype
Office
Standard status
Active Under Contract
APN
20814
Size
1,170 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
CITY WALK CONDOMINIUM UNIT D114 OR 1852 PG 72 OR 1975/1748 OR 2183/960
Tax Annual Amount
2610
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Cooling system
Central Air
Building Details
Year built
2008
Floors in Building
1
Flooring type
Vinyl, Tile - Ceramic
Building materials
Block
Listing Agency:
WELCOME HOME REAL ESTATE LLC
(386) 283-5620
Listed By:
Fatima Queiros · License #3069267
(386) 931-5065
Added: Mar 11
Changed: Jul 25
Last Checked: Jul 28 at 10:06PM
MLS# FC316854
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This first-floor commercial unit offers a versatile open floor plan and is presented as turnkey for immediate occupancy. The space includes two separate entrances—one at the front for customer access and another at the rear for convenience, deliveries, or private entry. A dedicated private bathroom is located within the unit, supporting a range of day-to-day business uses.
The property is situated in City Marketplace in Palm Coast, positioned near established local favorites including MPower Fitness and Dominic's Deli. As part of the plaza environment, it benefits from ample parking and a well-maintained setting for both customers and staff.
Interior updates include recently fresh paint and brand-new flooring throughout, creating a clean, move-in-ready space suitable for retail, office, studio, or service-based operations.
The property is situated in City Marketplace in Palm Coast, positioned near established local favorites including MPower Fitness and Dominic's Deli. As part of the plaza environment, it benefits from ample parking and a well-maintained setting for both customers and staff.
Interior updates include recently fresh paint and brand-new flooring throughout, creating a clean, move-in-ready space suitable for retail, office, studio, or service-based operations.
Key Highlights
- First‑floor commercial unit in City Marketplace in Palm Coast
- Open floor plan suitable for retail, office, studio, or service businesses
- Two separate entrances—front for customer access and rear for deliveries or private entry
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.0k | $22.20 |
| − Vacancy | −$1.9k | −$1.67 |
| EGI | $24.0k | $20.54 |
| − OpEx | −$7.2k | −$6.16 |
| NOI | $16.8k | $14.37 |
1,170 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$240.3K
$210.2K – $280.3K
NOI $16,818 @ 7.0% cap · market cap 4.56%
Second Best
Office B
$193.6K
$169.4K – $225.9K
NOI $13,552 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$281.2K
$246.0K – $328.0K
NOI $19,681 @ 7.0% cap · market cap 5.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Turnkey first-floor unit with an open layout, private bathroom, and separate front and rear entrances.
Where is this office units located?
The property is located at 160 CYPRESS POINT Parkway Palm Coast, FL.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: First‑floor commercial unit in City Marketplace in Palm Coast; Open floor plan suitable for retail, office, studio, or service businesses; Two separate entrances—front for customer access and rear for deliveries or private entry
