Two-Unit Duplex with New
For Sale
$549,900
18 LLOLEETA Path, Palm Coast, FL 32164
Residential Income, PALM COAST, FL
Property Size2,775 SF
Lot Size0.29 Acres
Price / SF$198.16
Days on Market8
Property Features for 18 LLOLEETA Path
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
DPX
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bathroom 2, Family Room, Bathroom 1, Bedroom 1, Bathroom 4, Bedroom 2, Bedroom 3, Bathroom 3, Bedroom 4, Bedroom 6
Parking features
Driveway
Patio and Porch features
Porch
Pets allowed
Number Limit
Interior features
Ceiling Fans(s), Eat-in Kitchen, High Ceilings, Kitchen/Family Room Combo, Open Floorplan, Tray Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s)
Exterior features
Private Mailbox
Appliances
Dishwasher, Range, Refrigerator
Subdivision
PALM COAST SEC 64
Lot features
City Limits, Level, Oversized Lot
Elementary school
Bunnell Elementary
Middle school
Buddy Taylor Middle
High school
Flagler-Palm Coast High
Directions
EZ! Drive South on Belle Terre into Quail Hollow; Turn Left onto Laguna Forest Trail; Left onto Lloyd Trail; and Right onto Lloleeta Path.
Standard status
Active
APN
07-11-31-7064-00200-0180
Size
2,775 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PALM COAST SECTION 64 BLOCK 00020 LOT 0018 SUBDIVISION COMPLETION YEAR 1982 OR 218 PG 045 OR 928 PG 125 OR 1095 PG 1443 OR 1192/927 OR 1266/1148 OR 1697/1537 OR 1909/693-SA OR 1955/726 OR 2111/1677- WOLFER MARINI TRUST OR 2111/ 1680-DEGRAVE TRUST
Tax Annual Amount
6654
Legal Description
PALM COAST SECTION 64 BLOCK 00020 LOT 0018 SUBDIVISION COMPLETION YEAR 1982 OR 218 PG 045 OR 928 PG 125 OR 1095 PG 1443 OR 1192/927 OR 1266/1148 OR 1697/1537 OR 1909/693-SA OR 1955/726 OR 2111/1677- WOLFER MARINI TRUST OR 2111/ 1680-DEGRAVE TRUST
Utilities
Sewer type
Public Sewer
Heating system
Central, Heat Pump (Heating), Electric (Heating)
Cooling system
Central Air
Water source
Well, Public
Building Details
Year built
2006
Flooring type
Tile
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
BETTER BUY REALTY LLC
(386) 753-4839
Listed By:
Kathleen Donaghy · License #3319313
(386) 753-4837
Added: Aug 25
Changed: Sep 1
Last Checked: Sep 1 at 8:06AM
MLS# FC320980
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 duplex contains two separately rentable residences within a 2,775-square-foot property on a 0.29-acre lot. The units have tile flooring, new refrigerators, and new ovens, with additional features including open floorplans, eat-in kitchens, ceiling fans, walk-in closets, and porches. Block-and-stucco construction, central air conditioning, and a heat-pump heating system support the building’s core improvements.
A shingle roof was installed in 2025. The property is served by public sewer and includes driveway parking, private mailboxes, dishwashers, ranges, and refrigerators. DPX zoning is identified for the property, which was built in 2006. The address is 18 LLOLEETA Path in Palm Coast, Florida 32164.
A shingle roof was installed in 2025. The property is served by public sewer and includes driveway parking, private mailboxes, dishwashers, ranges, and refrigerators. DPX zoning is identified for the property, which was built in 2006. The address is 18 LLOLEETA Path in Palm Coast, Florida 32164.
Key Highlights
- Two separately rentable residences in a duplex configuration
- 2,775 square feet on a 0.29‑acre lot
- Shingle roof installed in 2025
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
Lease Details
2
Residential units
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
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Frequently Asked Questions
What type of property is this?
Duplex - Updated interiors and essential appliances complement the 2006 block-and-stucco construction.
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: Two separately rentable residences in a duplex configuration; 2,775 square feet on a 0.29‑acre lot; Shingle roof installed in 2025
