Duplex with New
For Sale
$549,900
18 LLOLEETA PATH, Palm Coast, FL 32164
Two separately rentable residences include tiled floors, new refrigerators, and new ovens.
Property Size2,775 SF
Price / SF$198.16
Days on Market8
Property Features for 18 LLOLEETA PATH
General Information
Standard status
Active
Size
2,775 SF
Property subtype
Duplex
Building Details
Year Built
2006
Listing Agency:
BETTER BUY REALTY LLC
(386) 753-4839
Listed By:
Kathleen Donaghy · License #3319313
(904) 687-7876
Source:
Endlesssummerrealty
Added: Aug 31
Changed: Sep 6
Last Checked: Sep 7 at 7:44AM
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 BETTER BUY REALTY LLC
Investment Insights
Based on property information with market context.
This 2,775 SF duplex contains two independent residences, providing separate living spaces within one multifamily property. Both units have tiled flooring, new refrigerators, and new ovens. A roof installed in 2025 adds a recently completed major building improvement. Constructed in 2006, the property is configured for separate occupancy and may be conveyed vacant, partially occupied, or fully occupied depending on timing.
The duplex is located at 18 LLOLEETA PATH in Palm Coast, within the Quail Hollow neighborhood. Its two-unit layout supports ownership arrangements that include occupying one residence while leasing the other or leasing both units, subject to applicable requirements and buyer verification. The property is also being marketed for lease, so tenant and lease status may change before closing.
The duplex is located at 18 LLOLEETA PATH in Palm Coast, within the Quail Hollow neighborhood. Its two-unit layout supports ownership arrangements that include occupying one residence while leasing the other or leasing both units, subject to applicable requirements and buyer verification. The property is also being marketed for lease, so tenant and lease status may change before closing.
Key Highlights
- 2,775 SF duplex with two separately rentable residences
- Roof installed in 2025
- New refrigerators and new ovens in both units
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
$32,042
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
5.83%
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%
$640,840
$640.8K
Cap Rate 7%
$457,743
$457.7K
Cap Rate 9%
$356,022
$356.0K
Market Conditions
NOI Build-Up for 2,775 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
$48.3K $17.40/SF
− Vacancy
−$2.5K −$0.90/SF
EGI
$45.8K $16.50/SF
− OpEx
−$13.7K −$4.95/SF
NOI
$32.0K $11.55/SF
Area
Flagler County, FL
Vacancy
5.20%
Lease Rate
$17.40 /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%
$640,840
Cap Rate 7%
$457,743
Cap Rate 9%
$356,022
Alternative Uses
Best Use
Multifamily LT 5
$457.7K
$400.5K – $534.0K
NOI $32,042 @ 7.0% cap · market cap 5.83%
Second Best
Apartment 5plus
$406.7K
$355.8K – $474.5K
NOI $28,467 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$666.9K
$583.5K – $778.0K
NOI $46,680 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
27
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 Multifamily 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?
Duplex - Two separately rentable residences include tiled floors, new refrigerators, and new ovens.
Where is this duplex located?
The property is located at 18 LLOLEETA PATH Palm Coast, FL.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 2,775 SF duplex with two separately rentable residences; Roof installed in 2025; New refrigerators and new ovens in both units
