Two-Unit Duplex with New Metal
For Sale
$325,900
26 BUNKER VIEW DRIVE A & B, Palm Coast, FL 32137
Both residences offer two bedrooms and one bathroom; one also includes a one-car garage.
Property Size1,704 SF
Price / SF$191.26
Days on Market8
Property Features for 26 BUNKER VIEW DRIVE A & B
General Information
Standard status
Active
Size
1,704 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
0.27 acres
Metal
Public Sewer
Additional parcels description:, Parcel Number: 07-11-31-7035-00460-0130, Public Survey Range: 31, Public Survey Section: 07, Annual Amount: $3,404, Tax Block: 46, Tax Book Number: 3081/1919, 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, Lot: 13, Year: 2025, Zoning: DPX
1 space
Central Air
Central, Heat Pump
Listing ID: MFRFC321726, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, On market as of 2026-09-27, 5 days on market, Special Conditions: None
4 total bedrooms
Built in 1987, Living area: 1704, Living area units: Square Feet, Construction Materials: Vinyl Siding, Frame
Subdivision: PALM COAST SEC 35, MLS Area (Major): 32137 - Palm Coast, County/Parish: Flagler
2 total bathrooms
Cable Available, Water Source: Public
Slab
Close Of Escrow
Road Surface: Paved
High Ceilings
Other equipment: None
Building Details
Year Built
1987
Listing Agency:
REALTY EXCHANGE, LLC
(386) 446-0017
Listed By:
Julie Sabine · License #3080128
(386) 931-6311
Source:
Miharaandassociates
Added: Sep 27
Changed: Oct 3
Last Checked: Oct 2 at 10:54PM
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 REALTY EXCHANGE, LLC
Investment Insights
Based on property information with market context.
This duplex contains two 2-bedroom, 1-bathroom units within 1,704 square feet. One residence has a one-car garage. A newly installed metal roof is covered by a transferable warranty. The property was built in 1987.
One unit is rented, while the other is being held open for a future owner's use or rental. Short-term rentals are permitted. Schools and shopping are nearby, and the beach is approximately 15 minutes away.
One unit is rented, while the other is being held open for a future owner's use or rental. Short-term rentals are permitted. Schools and shopping are nearby, and the beach is approximately 15 minutes away.
Key Highlights
- Two 2‑bedroom, 1‑bathroom units
- One unit includes a one‑car garage
- 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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer two bedrooms and one bathroom; one also includes a one-car garage.
Where is this duplex located?
The property is located at 26 BUNKER VIEW DRIVE A & B 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 2‑bedroom, 1‑bathroom units; One unit includes a one‑car garage; New metal roof with transferable warranty
