Second-Floor Office
For Sale
$270,000
160 CYPRESS POINT PARKWAY #C212, Palm Coast, FL 32164
Elevator-served commercial space with flexible flooring, natural light, shared balcony access, and on-site parking.
Property Size1,152 SF
Days on Market304
Property Features for 160 CYPRESS POINT PARKWAY #C212
General Information
Standard status
Active
Size
1,152 SF
Elevators
Yes
Property subtype
Commercial
Additional Details
Floor
2
Taxes and HOA fees
Annual Taxes
$2,051
Amenities
shared balcony area
Building Details
Building Size
1,152 SF
Year Built
2008
Listing Agency:
1ST GLOBAL REALTY, LLC
(386) 916-1209
Listed By:
Larissa Johnson · License #3221458
(386) 916-1209
Source:
Mbifloridarealty
Added: Oct 11, 2025
Changed: Aug 7
Last Checked: Aug 10 at 10:38AM
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
Investment Insights
Based on property information with market context.
This second-floor commercial suite at 160 Cypress Point Parkway, Suite C212, provides a bright setting for office, boutique retail, wellness, or creative studio use. The interior includes specialized flooring that can accommodate dance, yoga, and other movement-oriented activities, along with elevated views and abundant natural light.
Built in 2008, the suite is located in the central building of the plaza and is accessible by elevator. Parking is available for users and visitors, while a shared balcony provides additional outdoor space for clients or staff. The property is in Palm Coast, Florida, within ZIP code 32164.
Built in 2008, the suite is located in the central building of the plaza and is accessible by elevator. Parking is available for users and visitors, while a shared balcony provides additional outdoor space for clients or staff. The property is in Palm Coast, Florida, within ZIP code 32164.
Key Highlights
- Second‑floor commercial suite at 160 Cypress Point Parkway, Suite C212
- Specialized flooring suitable for dance, yoga, and movement‑based activities
- Elevator access to the suite
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
$16,559
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
6.13%
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%
$331,180
$331.2K
Cap Rate 7%
$236,557
$236.6K
Cap Rate 9%
$183,989
$184.0K
Market Conditions
NOI Build-Up for 1,152 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
$25.6K $22.20/SF
− Vacancy
−$1.9K −$1.67/SF
EGI
$23.7K $20.54/SF
− OpEx
−$7.1K −$6.16/SF
NOI
$16.6K $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%
$331,180
Cap Rate 7%
$236,557
Cap Rate 9%
$183,989
Alternative Uses
Best Use
Retail
$236.6K
$207.0K – $276.0K
NOI $16,559 @ 7.0% cap · market cap 6.13%
Second Best
Office B
$190.6K
$166.8K – $222.4K
NOI $13,344 @ 7.0% cap · market cap 4.94%
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.
Property Analytics
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Elevator-served commercial space with flexible flooring, natural light, shared balcony access, and on-site parking.
Where is this office units 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: Second‑floor commercial suite at 160 Cypress Point Parkway, Suite C212; Specialized flooring suitable for dance, yoga, and movement‑based activities; Elevator access to the suite
