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    209 S 2ND St 1 Flagler Beach, FL 32136

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    For Lease
    $27,000

    Newly renovated mixed-use space near Flagler pier and Margaritaville Hotel.

    Type:Commercial
    Property size:
    620 SF
    Added:
    Apr 24, 2026
    Days on Market:
    6
    Last Refresh:
    Apr 24 at 5:49 pm

    Property Features for 209 S 2ND St 1

    General Information

    Standard status
    Active
    Size
    620 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1985

    We can help!

    Listing Contact
    Becky Cunningham

    Listing agent Becky Cunningham License #3488637

    Listing office Nest Finders of Flagler, LLC

    Listing date Apr 24, 2026

    Source Elliman

    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 Nest Finders of Flagler, LLC

    Overview

    Renovated Mixed-Use Space Near Pier

    This newly renovated 620 square foot mixed-use space offers sophistication and charm with an elevated boutique style. Located within one city block of the Flagler pier and directly across from the new Flagler Margaritaville Hotel, the space allows for customization with the opportunity to choose floor covering, bath fixtures and overall design. It is available for office, restaurant, retail, and other uses. A 200 square foot rear storage shed is available to rent separately at $500/month. The bike score is 54, indicating it is bikeable, while the walk score is 13, indicating car dependence.
    Location Intelligence

    Current Use by Public Records

    County Road & Company ... Clothing & Fashion Store

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Flagler Beach
    County
    Flagler
    State
    Florida
    Longitude
    -81.1282779
    Latitude
    29.4797125

    Nearby Similar for Lease

    • $2,000/Mo

      Prime Retail Space Near Pier

      Storefront in growing Flagler Beach, near new hotel and pier.
      212 S DAYTONA AVENUE, FLAGLER BEACH, FL 32136
      View Details
    • $2,000/Mo

      Retail Space Near Compass Hotel

      Retail space near Compass Hotel, two blocks from the pier.
      212 S DAYTONA AVENUE, FLAGLER BEACH, FL 32136
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    • $2,250/Mo

      Renovated Mixed-Use Space Near Pier

      Newly renovated mixed-use space near Flagler pier and Margaritaville Hotel.
      209 S 2nd Street unit: 1, Flagler Beach, FL 32136
      View Details
    • $2,500/Mo

      Furnished Office Space For Rent

      Furnished office space available for rent in Flagler Beach.
      300 N 2ND STREET, FLAGLER BEACH, FL 32136
      View Details
    • $24,000 SF/Yr

      Retail Space Near Compass Hotel

      Retail space near the pier with high foot traffic.
      212 S DAYTONA Ave 1, Flagler Beach, FL 32136
      View Details
    • $30,000 SF/Yr

      Furnished Office Space Available

      Furnished office space with conference and waiting rooms for rent.
      300 N 2ND St, Flagler Beach, FL 32136
      View Details
    • Contact for pricing

      Retail Space in Publix-Anchored Center

      Retail space available in Flagler Beach, close to historic beaches.
      400-428 Beach Village Dr, Flagler Beach, FL
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Newly renovated mixed-use space near Flagler pier and Margaritaville Hotel.
    Where is this mixed-use property located?
    The property is located at 209 S 2ND St 1 Flagler Beach, FL.
    What is the lease rate?
    The lease rate is $27,000.
    What are key features of this property?
    This property features: Prime location: One block from Flagler pier and directly across from the Margaritaville Hotel.; Newly renovated 620 sq ft mixed‑use space.; Opportunity to customize floor covering, bath fixtures, and overall design.
    (386) 852-1829
    We can help!
    Listing Contact
    Becky Cunningham
    Real Estate License ID: 3488637
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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