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For sale
Manufacturing properties
FL
Palm Coast
32137
32 HARGROVE GRADE

Palm Coast Industrial Investment Opportunity

32 HARGROVE GRADE, Palm Coast, FL 32137

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For Sale

$5,036,000

48,754 SF building on 5 acres, leased to manufacturer.

Type:Commercial/Industrial

Property size:

48,754 SF

Lot size:

5.00 Acres

Price / SF:

$103/SF

HighLights

Tenant in place (AMRAD Manufacturing) with a lease in place and renewal option, providing immediate income.
Tenant responsible for all maintenance, real estate taxes, and insurance.
Located in Hargrove Industrial Park with convenient access to US Highway 1, Interstate 95, and Palm Coast Parkway.
48,754 sf building on a 5‑acre parcel.
Palm Coast is a rapidly growing city with a diverse economy and access to a skilled workforce.
Proximity to major cities: approximately 60 miles south of Jacksonville and 90 miles northeast of Orlando.

We can help!

Contact an agent

Cornelia Downing Manfre

For Sale

$5,036,000

48,754 SF building on 5 acres, leased to manufacturer.

Type:Commercial/Industrial

Property size:

48,754 SF

Lot size:

5.00 Acres

Price / SF:

$103/SF

Added:: Feb 18, 2025
Days on Market:: 504
Last Refresh:: Jun 28 at 1:05 am

Property Features for 32 HARGROVE GRADE

General Information

Standard status: Active
Size: 48,754 SF
Lot size: 5.00 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1987

We can help!

Contact an agent

Cornelia Downing Manfre

Listing office ONE SOTHEBYS INTERNATIONAL

Listing date Feb 18, 2025

Source Exitrealty

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

HighLights

Tenant in place (AMRAD Manufacturing) with a lease in place and renewal option, providing immediate income.
Tenant responsible for all maintenance, real estate taxes, and insurance.
Located in Hargrove Industrial Park with convenient access to US Highway 1, Interstate 95, and Palm Coast Parkway.
48,754 sf building on a 5‑acre parcel.
Palm Coast is a rapidly growing city with a diverse economy and access to a skilled workforce.
Proximity to major cities: approximately 60 miles south of Jacksonville and 90 miles northeast of Orlando.

Overview

Located in Palm Coast, Florida, 32 Hargrove Grade is a 5-acre parcel featuring a 48,754 square foot building. The property is situated within the Hargrove Industrial Park. The building is currently leased to AMRAD Manufacturing, a manufacturer of motor run capacitors. The tenant is in a 5-year lease and will renew for an additional five-year term. The tenant is responsible for all maintenance, real estate taxes, and insurance for the property. The location provides convenient access to US Highway 1, Interstate 95, and Palm Coast Parkway, facilitating efficient transportation and connectivity. The Hargrove Industrial Park includes multiple buildings designed for industrial use. Nearby properties like 24 Hargrove Grade feature steel construction with 14-foot high roll-up doors, office spaces, and restrooms, tailored to accommodate various industrial and commercial operations. Palm Coast is a rapidly growing city along Florida's Atlantic coast with an estimated population of approximately 106,000 residents as of 2024. The median age is around 50.3 years. Key employment sectors include healthcare, retail trade, accommodation, and food services. Palm Coast is located approximately 60 miles south of Jacksonville and about 90 miles northeast of Orlando, providing businesses with access to a highly educated and skilled workforce.

Local Financial Insights For Industrial

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$438.8k	$9.00
− Vacancy	−$19.7k	−$0.41
EGI	$419.0k	$8.59
− OpEx	−$125.7k	−$2.58
NOI	$293.3k	$6.02

48,754 SF · lease $9.00/SF/yr · vacancy 4.50% · expense 30.00%

Alternative Uses

Best Use

Industrial

$4.19M

$3.67M – $4.89M (±1% cap)

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 (±1% cap)

NOI $820,120 @ 7.0% cap · market cap 16.29%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Manufacturing properties

Suggested Use

Location Insight

Map
Local Demand

City: Palm Coast
County: Flagler
State: Florida
Longitude: -81.272294
Latitude: 29.555525

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For sale
Manufacturing properties
FL
Palm Coast
32137
32 HARGROVE GRADE

What type of property is this?

Manufacturing property - 48,754 SF building on 5 acres, leased to manufacturer.

Where is this manufacturing 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: Tenant in place (AMRAD Manufacturing) with a lease in place and renewal option, providing immediate income.; Tenant responsible for all maintenance, real estate taxes, and insurance.; Located in Hargrove Industrial Park with convenient access to US Highway 1, Interstate 95, and Palm Coast Parkway.