Updated Duplex with Modern
For Sale
$499,900
210 ULLIAN Trail, Palm Coast, FL 32164
Residential Income, PALM COAST, FL
Property Size2,484 SF
Lot Size0.23 Acres
Price / SF$201.25
Days on Market48
Property Features for 210 ULLIAN Trail
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
DPX
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 6, Bedroom 2, Bathroom 2, Bathroom 3, Bedroom 3, Bathroom 4, Laundry Room, Bedroom 1, Bedroom 5, Bedroom 4, Bathroom 1
Interior features
Ceiling Fans(s), Walk-In Closet(s)
Exterior features
Fence, Private Entrance, Private Mailbox, Sprinkler Metered
Fencing
Fenced
Subdivision
PALM COAST SEC 57
Directions
Seminole Woods pkwy
Standard status
Active
APN
07-11-31-7057-00750-0250
Size
2,484 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PALM COAST SEC 57 BLK 75 LOT 25 AND THE SLY 2.5' OF LT 26 OR 101/400 OR 900/944 OR 951/1086-CD OR 987/1202 OR 1419/1939 OR 1445/257-CD OR 1848/468 OR 1848/484
Tax Annual Amount
3642
Legal Description
PALM COAST SEC 57 BLK 75 LOT 25 AND THE SLY 2.5' OF LT 26 OR 101/400 OR 900/944 OR 951/1086-CD OR 987/1202 OR 1419/1939 OR 1445/257-CD OR 1848/468 OR 1848/484
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
screened-in porch
storage shed
Building Details
Year built
2004
Floors in Building
1
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
REALTY EXCHANGE, LLC
(386) 446-0017
Listed By:
Jennifer Wagner · License #3620364
(386) 931-0580
Added: Jul 22
Changed: Sep 6
Last Checked: Sep 7 at 1:06PM
MLS# FC320103
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex contains 2,484 square feet across two 3BR/2BA residences, providing six bedrooms and four bathrooms in total. Built in 2004, the property has block and stucco construction, vaulted ceilings, walk-in closets, central heating and central air conditioning, and public water and sewer. One unit includes granite countertops, newer stainless steel appliances, and an updated primary bathroom. The other features a 2024 kitchen with Corian countertops, soft-close cabinetry, stainless steel appliances, and pantry shelving.
Major improvements include a 2024 roof and exterior paint, a 2025 water heater, 2025 interior paint, new front doors, and a permitted 2020 air conditioning system. Exterior amenities include an extended driveway, screened-in porch, sprinkler system, storage shed, and white vinyl privacy fencing. The property occupies 0.23 acres at 210 Ullian Trail in Palm Coast and is zoned DPX.
Major improvements include a 2024 roof and exterior paint, a 2025 water heater, 2025 interior paint, new front doors, and a permitted 2020 air conditioning system. Exterior amenities include an extended driveway, screened-in porch, sprinkler system, storage shed, and white vinyl privacy fencing. The property occupies 0.23 acres at 210 Ullian Trail in Palm Coast and is zoned DPX.
Key Highlights
- Two 3BR/2BA units totaling 6 bedrooms and 4 bathrooms
- 2,484‑square‑foot duplex on a 0.23‑acre lot
- 2024 roof, exterior paint, and kitchen improvements
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
$28,682
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
5.74%
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%
$573,640
$573.6K
Cap Rate 7%
$409,743
$409.7K
Cap Rate 9%
$318,689
$318.7K
Market Conditions
NOI Build-Up for 2,484 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
$43.2K $17.40/SF
− Vacancy
−$2.2K −$0.90/SF
EGI
$41.0K $16.50/SF
− OpEx
−$12.3K −$4.95/SF
NOI
$28.7K $11.55/SF
Area
Flagler County, FL
Vacancy
5.20%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
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%
$573,640
Cap Rate 7%
$409,743
Cap Rate 9%
$318,689
Alternative Uses
Best Use
Multifamily LT 5
$409.7K
$358.5K – $478.0K
NOI $28,682 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$364.0K
$318.5K – $424.7K
NOI $25,482 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$596.9K
$522.3K – $696.4K
NOI $41,785 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
51
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 Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately configured residences offer updated finishes, private outdoor features, and rental-income potential.
Where is this duplex located?
The property is located at 210 ULLIAN Trail Palm Coast, FL.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two 3BR/2BA units totaling 6 bedrooms and 4 bathrooms; 2,484‑square‑foot duplex on a 0.23‑acre lot; 2024 roof, exterior paint, and kitchen improvements
