Duplex with Metal
New
For Sale
$325,900
26 BUNKER VIEW Drive, Palm Coast, FL 32137
Residential Income, PALM COAST, FL
Property Size1,704 SF
Lot Size0.27 Acres
Price / SF$191.26
Days on Market1
Property Features for 26 BUNKER VIEW Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
DPX
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 1, Bedroom 1
Interior features
High Ceilings
Subdivision
PALM COAST SEC 35
Directions
From Palm Coast Parkway north on Belle Terre Pkwy , Right on Bird of Paradise, take left on Bunker Hill Dr and first left onto Bunker View Dr house is on left #26.
Standard status
Active
APN
07-11-31-7035-00460-0130
Size
1,704 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PALM COAST SECTION 35 BLOCK 00046 LOT 0013 SUBDIVISION COMPLETION YEAR 1981 OR 302 PG 744 OR 325 PG 270 OR 736 PG 1918 OR 859 PG 1784 OR 1050 PG 504 OR 1133/1110 OR 1703/835 OR 1828/644
Tax Annual Amount
3404
Legal Description
PALM COAST SECTION 35 BLOCK 00046 LOT 0013 SUBDIVISION COMPLETION YEAR 1981 OR 302 PG 744 OR 325 PG 270 OR 736 PG 1918 OR 859 PG 1784 OR 1050 PG 504 OR 1133/1110 OR 1703/835 OR 1828/644
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1987
Building materials
Vinyl Siding, Frame
Roof type
Metal
Listing Agency:
REALTY EXCHANGE, LLC
(386) 446-0017
Listed By:
Julie Sabine · License #3080128
(386) 931-6311
Added: Sep 27
Last Checked: Sep 27 at 2:06PM
MLS# FC321726
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.
Built in 1987, this duplex contains two residences, each with two bedrooms and one bathroom. The building totals 1,704 square feet on a 0.27-acre parcel and has a recently installed metal roof with a transferable warranty. One residence includes a one-car garage; high ceilings are also featured. One unit is currently rented, while the other is available for occupancy or rental. Short-term rentals are permitted, and the property is zoned DPX.
The property is near schools and shopping, with the beach approximately 15 minutes away. Public water and sewer serve the site, and cable is available.
The property is near schools and shopping, with the beach approximately 15 minutes away. Public water and sewer serve the site, and cable is available.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,704‑square‑foot duplex on a 0.27‑acre lot
- New metal roof with transferable warranty
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
$19,675
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
6.04%
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%
$393,500
$393.5K
Cap Rate 7%
$281,071
$281.1K
Cap Rate 9%
$218,611
$218.6K
Market Conditions
NOI Build-Up for 1,704 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
$29.6K $17.40/SF
− Vacancy
−$1.5K −$0.90/SF
EGI
$28.1K $16.50/SF
− OpEx
−$8.4K −$4.95/SF
NOI
$19.7K $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%
$393,500
Cap Rate 7%
$281,071
Cap Rate 9%
$218,611
Alternative Uses
Best Use
Multifamily LT 5
$281.1K
$245.9K – $327.9K
NOI $19,675 @ 7.0% cap · market cap 6.04%
Second Best
Apartment 5plus
$249.7K
$218.5K – $291.3K
NOI $17,480 @ 7.0% cap · market cap 5.36%
Theoretical Best
Office A
$409.5K
$358.3K – $477.7K
NOI $28,664 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
83
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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-bedroom residences have separate rental potential, and short-term rentals are permitted.
Where is this duplex located?
The property is located at 26 BUNKER VIEW Drive Palm Coast, FL.
What is the asking price?
The asking price for this property is $325,900.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,704‑square‑foot duplex on a 0.27‑acre lot; New metal roof with transferable warranty
