Multi-Use Commercial
250 Old Kings Rd, Flagler Beach, FL 32136
New
Recently vacant multi-use building offers flexible space for office, medical, education, retail, or service users.
Type:Single-Tenant Vacant-User
Property size:
16,441 SFLot size:
2.00 AcresPrice / SF:
$182/SF- Added:
- Jun 1, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 3 at 2:39 am
Property Features for 250 Old Kings Rd
General Information
- Standard status
- Active
- Size
- 16,441 SF
- Lot size
- 2.00 Acres
- Property subtype
- Single-Tenant Vacant-User
Listing agent Tarek Chbeir License #License(s): FL: SL3449535 (407) 557-3834
Listing office Marcus & Millichap - Orlando (407) 557-3834
Listing date Jun 1, 2026
Source Marcusmillichap
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 Marcus & Millichap - Orlando
HighLights
- 16,441‑square‑foot recently vacant multi‑use commercial building on 2.00 acres at 250 Old Kings Road South in Flagler Beach
- Flexible layout supports a single user or multi‑tenant configuration for uses such as medical, childcare, education, wellness, office, retail, or other service‑oriented uses
- Originally developed in 2006
- CoStar market rents average about $20.32/SF (per provided remarks)
- Stabilized rent assumption of $15.00/SF NNN projects approximately $246,615 stabilized NOI and an estimated 8.23% pro forma cap rate (per provided remarks)
- Positioned near East Highway 100 and Interstate 95 with combined traffic counts exceeding 100,000 vehicles per day (per provided remarks)
Overview
Marcus & Millichap is pleased to present a recently vacant multi-use commercial property offering flexible layout options for a single user or a multi-tenant configuration. Originally developed in 2006, the property spans 16,441 square feet on 2.00 acres and is designed to support a wide range of service-oriented uses, including medical, childcare, education, wellness, office, retail, or other compatible commercial needs.
The property is positioned along Old Kings Road South in Flagler Beach and is located near East Highway 100 and Interstate 95. The location benefits from combined traffic counts exceeding 100,000 vehicles per day and is surrounded by established retail and healthcare employers. Notable nearby national retailers include Publix, Aldi, Starbucks, Chipotle, Wawa, BJ’s Wholesale Club, and AdventHealth, supporting strong commercial activity in the immediate area.
With its adaptable configuration and broad use potential, this asset is well-suited for investors seeking a repositioning or value-add opportunity and for operators evaluating options that require versatility. The property’s recent vacancy and ability to accommodate different tenant mixes may appeal to buyers looking to tailor the space to medical, educational, wellness, office, or retail demand within a growing coastal corridor.
The property is positioned along Old Kings Road South in Flagler Beach and is located near East Highway 100 and Interstate 95. The location benefits from combined traffic counts exceeding 100,000 vehicles per day and is surrounded by established retail and healthcare employers. Notable nearby national retailers include Publix, Aldi, Starbucks, Chipotle, Wawa, BJ’s Wholesale Club, and AdventHealth, supporting strong commercial activity in the immediate area.
With its adaptable configuration and broad use potential, this asset is well-suited for investors seeking a repositioning or value-add opportunity and for operators evaluating options that require versatility. The property’s recent vacancy and ability to accommodate different tenant mixes may appeal to buyers looking to tailor the space to medical, educational, wellness, office, or retail demand within a growing coastal corridor.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $365.0k | $22.20 |
| − Vacancy | −$27.4k | −$1.67 |
| EGI | $337.6k | $20.54 |
| − OpEx | −$101.3k | −$6.16 |
| NOI | $236.3k | $14.37 |
16,441 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.38M
$2.95M – $3.94M
NOI $236,331 @ 7.0% cap · market cap 7.89%
Second Best
Healthcare Medical
$3.28M
$2.87M – $3.83M
NOI $229,902 @ 7.0% cap · market cap 7.68%
Theoretical Best
Office A
$3.95M
$3.46M – $4.61M
NOI $276,564 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Lisa M. Adams, ...
Physician
Bodyworx
Alternative Medicine Practice
AQUAFIN Swim School ...
Swimming School
Location Insight
- Map
- Local Demand
- City
- Flagler Beach
- County
- Flagler
- State
- Florida
- Longitude
- -81.1774688
- Latitude
- 29.4727086
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Recently vacant multi-use building offers flexible space for office, medical, education, retail, or service users.
Where is this office building located?
The property is located at 250 Old Kings Rd Flagler Beach, FL.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: 16,441‑square‑foot recently vacant multi‑use commercial building on 2.00 acres at 250 Old Kings Road South in Flagler Beach; Flexible layout supports a single user or multi‑tenant configuration for uses such as medical, childcare, education, wellness, office, retail, or other service‑oriented uses; Originally developed in 2006
