Palm Coast Industrial
For Sale
$5,036,000
Pending
32 HARGROVE GRADE, Palm Coast, FL 32137
Industrial property available for sale in Palm Coast, Florida.
Property Size48,754 SF
Lot Size5.00 Acres
Days on Market320
Property Features for 32 HARGROVE GRADE
General Information
Standard status
Pending
Size
48,754 SF
Lot size
5.00 Acres
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$21,742
Building Details
Building Size
48,754 SF
Year Built
1987
Stories
1
Listing Agency:
ONE SOTHEBYS INTERNATIONAL (386-276-9200)
Listed By:
Cornelia Downing Manfre · License #BK3008604
(386) 931-9256
Source:
Elliman
Added: Nov 27, 2025
Changed: Aug 8
Last Checked: Jul 20 at 11:11AM
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 ONE SOTHEBYS INTERNATIONAL (386-276-9200)
Investment Insights
Based on property information with market context.
An industrial property is available for sale in Palm Coast, Florida. The list price is $5,036,000. The property is located at 32 HARGROVE GRADE, Palm Coast, FL 32137. The price per square foot is $11.
Key Highlights
- Year Built: 1987
- Price: $11
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$293,328
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,866,560
$5.9M
Cap Rate 7%
$4,190,400
$4.2M
Cap Rate 9%
$3,259,200
$3.3M
Market Conditions
NOI Build-Up for 48,754 SF
Gross rent
$438.8K $9.00/SF
− Vacancy
−$19.7K −$0.41/SF
EGI
$419.0K $8.59/SF
− OpEx
−$125.7K −$2.58/SF
NOI
$293.3K $6.02/SF
Area
Flagler County, FL
Vacancy
4.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,866,560
Cap Rate 7%
$4,190,400
Cap Rate 9%
$3,259,200
Alternative Uses
Best Use
Industrial
$4.19M
$3.67M – $4.89M
NOI $293,328 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.72M
$10.25M – $13.67M
NOI $820,120 @ 7.0% cap · market cap 16.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
223
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
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Industrial property - Industrial property available for sale in Palm Coast, Florida.
Where is this industrial property located?
The property is located at 32 HARGROVE GRADE Palm Coast, FL.
What is the asking price?
The asking price for this property is $5,036,000.
What are key features of this property?
This property features: Year Built: 1987; Price: $11
