Office Unit with Four Private
For Sale
$329,000
2-389 Palm Coast Pkwy Sw, Palm Coast, FL 32137
A reception area, kitchenette, and ADA-compliant restroom support a compact professional suite.
Property Size1,031 SF
Price / SF$319.11
Days on Market16
Property Features for 2-389 Palm Coast Pkwy Sw
General Information
Standard status
Active
Size
1,031 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
1
Taxes and HOA fees
Annual Taxes
$3,185
Amenities
beautifully maintained grounds
expansive common parking area
Listing Agency:
EVEREST REALTY LLC
(386) 246-2085
Listed By:
Eugenii Monkevitch
(386) 237-1295
Source:
Exprealty
Added: Oct 1
Changed: Oct 15
Last Checked: Oct 15 at 2:19AM
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 EVEREST REALTY LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Unit 2 is a 1,031-square-foot office condo with a reception lobby and built-in client check-in window. The interior also includes four private offices or exam rooms, a kitchenette, and an ADA-compliant restroom.
The property sits alongside the AdventHealth Hospital complex, with exposure to Palm Coast Parkway SW. The location offers access to I-95 and US-1, and the plaza provides shared parking.
The property sits alongside the AdventHealth Hospital complex, with exposure to Palm Coast Parkway SW. The location offers access to I-95 and US-1, and the plaza provides shared parking.
Key Highlights
- 1,031 SqFt office condo, Unit #2
- Four private offices or exam rooms
- Reception lobby with built‑in client check‑in window
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,417
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$288,340
$288.3K
Cap Rate 7%
$205,957
$206.0K
Cap Rate 9%
$160,189
$160.2K
Market Conditions
NOI Build-Up for 1,031 SF
Gross rent
$26.8K $26.04/SF
− Vacancy
−$2.8K −$2.73/SF
EGI
$24.0K $23.31/SF
− OpEx
−$9.6K −$9.32/SF
NOI
$14.4K $13.98/SF
Area
Flagler County, FL
Vacancy
10.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$288,340
Cap Rate 7%
$205,957
Cap Rate 9%
$160,189
Alternative Uses
Best Use
Healthcare Medical
$206.0K
$180.2K – $240.3K
NOI $14,417 @ 7.0% cap · market cap 4.38%
Second Best
Office B
$170.6K
$149.3K – $199.0K
NOI $11,942 @ 7.0% cap · market cap 3.63%
Theoretical Best
Office A
$247.8K
$216.8K – $289.1K
NOI $17,343 @ 7.0% cap · market cap 5.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,208
Businesses Nearby
Explore this area
Business Placement
Demographics for 32137, FL
46,258
Population
24,717
Households
1.9
Avg Household Size
57
Median Age
37%
College-Educated
95%
High-School Grad
62.4 sq mi
ZIP Area
741
Density / Sq Mi
$78,731
Median Household Income
$42,249
Median Earnings
$1,790
Median Rent
$360,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - A reception area, kitchenette, and ADA-compliant restroom support a compact professional suite.
Where is this office units located?
The property is located at 2-389 Palm Coast Pkwy Sw Palm Coast, FL.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: 1,031 SqFt office condo, Unit #2; Four private offices or exam rooms; Reception lobby with built‑in client check‑in window
