Freestanding Office
New
For Sale
$1,100,000
Pending
2 FLORIDA PARK, Palm Coast, FL 32137
The 1988 building offers a standalone office property in Palm Coast.
Property Size3,675 SF
Days on Market2
Property Features for 2 FLORIDA PARK
General Information
Standard status
Pending
Size
3,675 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$10,740
Building Details
Building Size
3,675 SF
Year Built
1988
Buildings
1
Listed By:
Nancy Peters
(386) 931-8343
Source:
Elliman
Added: Oct 16
Last Checked: Oct 16 at 2:20PM
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 Nancy Peters
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Investment Insights
Based on property information with market context.
This freestanding office building was constructed in 1988 and is located in Palm Coast, Florida. Its standalone configuration distinguishes it from office space within a larger complex.
The property has a Walk Score of 64 and a Bike Score of 44, indicating some walkability and bike access.
The property has a Walk Score of 64 and a Bike Score of 44, indicating some walkability and bike access.
Key Highlights
- Freestanding office building
- Built in 1988
- Walk Score of 64; Bike Score of 44
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,568
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$851,360
$851.4K
Cap Rate 7%
$608,114
$608.1K
Cap Rate 9%
$472,978
$473.0K
Market Conditions
NOI Build-Up for 3,675 SF
Gross rent
$72.8K $19.80/SF
− Vacancy
−$16.0K −$4.36/SF
EGI
$56.8K $15.44/SF
− OpEx
−$14.2K −$3.86/SF
NOI
$42.6K $11.58/SF
Area
Flagler County, FL
Vacancy
22.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$851,360
Cap Rate 7%
$608,114
Cap Rate 9%
$472,978
Alternative Uses
Best Use
Office B
$608.1K
$532.1K – $709.5K
NOI $42,568 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$883.1K
$772.7K – $1.03M
NOI $61,819 @ 7.0% cap · market cap 5.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
964
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - The 1988 building offers a standalone office property in Palm Coast.
Where is this office building located?
The property is located at 2 FLORIDA PARK Palm Coast, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Freestanding office building; Built in 1988; Walk Score of 64; Bike Score of 44
