Renovated Two-Unit Office
For Sale
$5,850,000
20 Cypress Point Pkwy Palm, Palm Coast, FL 32164
Fully renovated office asset with NNN leases, full occupancy, and dedicated on-site parking.
Property Size11,756 SF
Price / SF$497.62
Days on Market195
Property Features for 20 Cypress Point Pkwy Palm
General Information
Standard status
Active
Size
11,756 SF
Class
A
Total Parking Spaces
54
Property subtype
Multi Tenant Office
Zoning
COM-2
Occupancy
100%
Additional Details
Office Units
2
Building Details
Building Size
11,756 SF
Year Built
2004
Year Renovated
2024
Buildings
1
Listing Agency:
The Jonna Group
(248) 226-1610
Listed By:
Simon Jonna · License #6501357188
(248) 226-1610
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 31
Last Checked: Aug 30 at 9:41PM
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 The Jonna Group
Investment Insights
Based on property information with market context.
The 11,756-SF office building contains two units and was constructed in 2004. A full 2024 renovation included a new roof, plumbing, and landscaping. The property is zoned COM-2 and currently operates at 100% occupancy under new 10-year NNN leases running from 2024 through 2034, with 2–3% annual rent escalations. The lease structure places minimal landlord duties on ownership.
Located at 20 Cypress Point Pkwy in Palm Coast, the property sits within a retail corridor near Walmart, Target, Publix, Lowe’s, and Starbucks. The site includes parking for 54+ vehicles and is positioned near AdventHealth Palm Coast and the AdventHealth Parkway expansion, which opened in 2023. The property is approximately 90k+ population and $109k HHI within 5 miles, as stated in the source information.
Located at 20 Cypress Point Pkwy in Palm Coast, the property sits within a retail corridor near Walmart, Target, Publix, Lowe’s, and Starbucks. The site includes parking for 54+ vehicles and is positioned near AdventHealth Palm Coast and the AdventHealth Parkway expansion, which opened in 2023. The property is approximately 90k+ population and $109k HHI within 5 miles, as stated in the source information.
Key Highlights
- 11,756 SF office building with 2 units
- 100% occupancy with new 10‑year NNN leases covering 2024–2034
- 2–3% annual rent escalations and S&P BBB investment‑grade tenancy
Property Analytics
Current Use
Lease Details
2
Office units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,250
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Fully renovated office asset with NNN leases, full occupancy, and dedicated on-site parking.
Where is this office building located?
The property is located at 20 Cypress Point Pkwy Palm Palm Coast, FL.
What is the asking price?
The asking price for this property is $5,850,000.
What are key features of this property?
This property features: 11,756 SF office building with 2 units; 100% occupancy with new 10‑year NNN leases covering 2024–2034; 2–3% annual rent escalations and S&P BBB investment‑grade tenancy
