First-Floor Commercial Unit with Two
For Sale
Under Contract
$369,000
160 CYPRESS POINT Parkway, Palm Coast, FL 32164
SINGLE_FAMILY - PALM COAST, FL
Property Size1,170 SF
Lot Size0.03 Acres
Price / SF$315.38
Days on Market150
Property Features for 160 CYPRESS POINT Parkway
General Information
Property type
Residential
Property subtype
Office
Subdivision
CITY WALK COMM CONDO
Directions
Palm Coast Pkwy to Cypress Edge to City Marketplace (located in shopping plaza behind Walmart)
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
Legal Description
CITY WALK CONDOMINIUM UNIT D114 OR 1852 PG 72 OR 1975/1748 OR 2183/960
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Cooling system
Central Air
Building Details
Year built
2008
Floors in Building
1
Flooring type
Tile - Ceramic, Vinyl
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: Aug 4
Last Checked: Aug 7 at 1:06AM
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
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
$16,818
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
4.56%
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%
$336,360
$336.4K
Cap Rate 7%
$240,257
$240.3K
Cap Rate 9%
$186,867
$186.9K
Market Conditions
NOI Build-Up for 1,170 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
$26.0K $22.20/SF
− Vacancy
−$1.9K −$1.67/SF
EGI
$24.0K $20.54/SF
− OpEx
−$7.2K −$6.16/SF
NOI
$16.8K $14.37/SF
Area
Flagler County, FL
Vacancy
7.50%
Lease Rate
$22.20 /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%
$336,360
Cap Rate 7%
$240,257
Cap Rate 9%
$186,867
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
Current Use
Location Intelligence
Trade Area within ½ mile
1,247
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
Questions? Ask Rey
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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
