Professionally Designed Office
For Sale
$270,000
160 Cypress Point Parkway C212, Palm Coast, FL 32164
Spacious, versatile office suitable for various business types.
Property Size1,152 SF
Price / SF$234.38
Days on Market224
Property Features for 160 Cypress Point Parkway C212
General Information
Standard status
Active
Size
1,152 SF
Building Details
Year Built
2008
Listing Agency:
1ST GLOBAL REALTY, LLC
Listed By:
Larissa Johnson · License #3221458
(386) 916-1209
Source:
Livewelltampabay
Added: Mar 10
Changed: Oct 6
Last Checked: Oct 7 at 3:14PM
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 1ST GLOBAL REALTY, LLC
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Investment Insights
Based on property information with market context.
This is a unique opportunity to purchase a spacious, professionally designed and decorated office. The versatile space features separate areas with individual offices. An entry/lobby area is equipped for a receptionist desk space, along with a customer waiting area overlooking the front glass entry. The unit is located on the first floor with a view of the center of the plaza. Currently used as an accounting office, this space could accommodate a variety of other office types or businesses. This is an opportunity to own a place to create the business you always dreamed of.
Key Highlights
- Professionally designed and decorated spacious office.
- Versatile space with separate individual offices.
- Entry/lobby equipped for receptionist and customer waiting area.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,344
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$266,880
$266.9K
Cap Rate 7%
$190,629
$190.6K
Cap Rate 9%
$148,267
$148.3K
Market Conditions
NOI Build-Up for 1,152 SF
Gross rent
$22.8K $19.80/SF
− Vacancy
−$5.0K −$4.36/SF
EGI
$17.8K $15.44/SF
− OpEx
−$4.4K −$3.86/SF
NOI
$13.3K $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%
$266,880
Cap Rate 7%
$190,629
Cap Rate 9%
$148,267
Alternative Uses
Best Use
Office B
$190.6K
$166.8K – $222.4K
NOI $13,344 @ 7.0% cap · market cap 4.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$276.8K
$242.2K – $323.0K
NOI $19,378 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Spacious, versatile office suitable for various business types.
Where is this office unit located?
The property is located at 160 Cypress Point Parkway C212 Palm Coast, FL.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Professionally designed and decorated spacious office.; Versatile space with separate individual offices.; Entry/lobby equipped for receptionist and customer waiting area.
