First-Floor Retail
New
For Sale
$369,000
Pending
160 CYPRESS POINT D114, Palm Coast, FL 32164
Open-plan commercial unit with separate customer and rear access plus a private bathroom.
Property Size1,170 SF
Days on Market3
Property Features for 160 CYPRESS POINT D114
General Information
Standard status
Pending
Size
1,170 SF
Property subtype
Commercial
Additional Details
Floor
1
Anchor Co-Tenants
MPower Fitness, Dominic’s Deli
Taxes and HOA fees
Annual Taxes
$2,610
Amenities
private bathroom
Building Details
Building Size
1,170 SF
Year Built
2008
Tenancy
Single
Listing Agency:
Welcome Home Palm Coast
Listed By:
Fatima Queiros · License #3069267
(386) 931-5065
Source:
Elliman
Added: Sep 19
Last Checked: Sep 20 at 8:02AM
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 Welcome Home Palm Coast
Investment Insights
Based on property information with market context.
This first-floor retail unit at City Marketplace offers an open interior layout that can accommodate retail, office, studio, or service-oriented operations. Two separate entrances provide customer access at the front and a second entry at the rear, while a private bathroom is located within the suite. The space has been freshly painted and fitted with new flooring throughout.
The property is located at 160 Cypress Point D114 in Palm Coast, near MPower Fitness and Dominic’s Deli. The plaza provides ample parking and a maintained common setting. The building was constructed in 2008. Walk Score is 2, classified as Car-Dependent, and Bike Score is 33, classified as Somewhat Bikeable.
The property is located at 160 Cypress Point D114 in Palm Coast, near MPower Fitness and Dominic’s Deli. The plaza provides ample parking and a maintained common setting. The building was constructed in 2008. Walk Score is 2, classified as Car-Dependent, and Bike Score is 33, classified as Somewhat Bikeable.
Key Highlights
- First‑floor retail unit with open floor plan
- Two separate entrances, including a rear entry
- Private bathroom within the unit
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
—
—
no second resolved use
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
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,247
Businesses Nearby
466k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 29%
Shops & Services 27%
Superstores 23%
Home Improvements & Furnishings 12%
Walmart
Superstores
107,842 visits/mo
0.1 miles
Chick-fil-A
Dining
49,595 visits/mo
0.4 miles
Lowe's
Home Improvements & Furnishings
33,689 visits/mo
0.5 miles
Shell
Shops & Services
32,244 visits/mo
0.4 miles
Winn-Dixie
Groceries
27,691 visits/mo
0.2 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Open-plan commercial unit with separate customer and rear access plus a private bathroom.
Where is this retail space located?
The property is located at 160 CYPRESS POINT D114 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 retail unit with open floor plan; Two separate entrances, including a rear entry; Private bathroom within the unit
