Residential Income Property with Dog
For Sale
$594,900
2 BUTTONBUSH LANE, Palm Coast, FL 32137
DPX-zoned residential income property with central air, high ceilings, and an attached dog run.
Property Size2,886 SF
Price / SF$206.13
Days on Market68
Property Features for 2 BUTTONBUSH LANE
General Information
Standard status
Active
Size
2,886 SF
Property subtype
Residential Income
Zoning
DPX
Taxes and HOA fees
Annual Taxes
$1,018
Amenities
Central Air
Central, Electric
High Ceilings, Walk-In Closet(s)
Attached
Dog Run
Building Details
Year Built
2026
Listing Agency:
EXP Realty LLC
(407) 519-3980
Listed By:
Veronica Figueroa · License #3012144
(407) 519-3980
Source:
Evrealestate
Added: Jun 25
Changed: Aug 14
Last Checked: Aug 30 at 1:18PM
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 EXP Realty LLC
Investment Insights
Based on property information with market context.
This residential income property at 2 Buttonbush Lane provides 2,886 SF of interior space with central air, electric service, high ceilings, and walk-in closet(s). The property also includes an attached dog run and is identified with DPX zoning.
The property is in Flagler County, with access from I-95 via exit 293 toward Matanzas Woods Pkwy. The route continues along Matanzas Woods Pkwy, Belle Terre Pkwy, Burroughs Dr, Buttonworth Dr, and Buttonbush Ln. Construction is identified for 2026.
The property is in Flagler County, with access from I-95 via exit 293 toward Matanzas Woods Pkwy. The route continues along Matanzas Woods Pkwy, Belle Terre Pkwy, Burroughs Dr, Buttonworth Dr, and Buttonbush Ln. Construction is identified for 2026.
Key Highlights
- 2,886 SF residential income property
- DPX zoning in Flagler County
- Central air and electric service
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
$29,606
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
4.98%
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%
$592,120
$592.1K
Cap Rate 7%
$422,943
$422.9K
Cap Rate 9%
$328,956
$329.0K
Market Conditions
NOI Build-Up for 2,886 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
$57.1K $19.80/SF
− Vacancy
−$3.3K −$1.15/SF
EGI
$53.8K $18.65/SF
− OpEx
−$24.2K −$8.39/SF
NOI
$29.6K $10.26/SF
Area
Flagler County, FL
Vacancy
5.80%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
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%
$592,120
Cap Rate 7%
$422,943
Cap Rate 9%
$328,956
Alternative Uses
Best Use
Apartment 5plus
$422.9K
$370.1K – $493.4K
NOI $29,606 @ 7.0% cap · market cap 4.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$693.5K
$606.8K – $809.1K
NOI $48,547 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
76
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - DPX-zoned residential income property with central air, high ceilings, and an attached dog run.
Where is this residential income property located?
The property is located at 2 BUTTONBUSH LANE Palm Coast, FL.
What is the asking price?
The asking price for this property is $594,900.
What are key features of this property?
This property features: 2,886 SF residential income property; DPX zoning in Flagler County; Central air and electric service
