2023 Duplex with Attached
For Sale
$610,000
36 LOUISBURG LANE A & B, Palm Coast, FL 32137
Two-unit residential property featuring central air, open interiors, and attached garage access.
Property Size4,214 SF
Price / SF$199.15
Days on Market117
Property Features for 36 LOUISBURG LANE A & B
General Information
Standard status
Active
Size
4,214 SF
Property subtype
Residential Income
Zoning
DPX
Taxes and HOA fees
Annual Taxes
$8,281
Amenities
Central Air
Electric, Heat Pump
Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Refrigerator
Open Floorplan, Stone Counters, Vaulted Ceiling(s), Walk-In Closet(s)
Driveway, Garage Door Opener, Attached
Rain Gutters
Building Details
Building Size
4,214 SF
Year Built
2023
Listing Agency:
Giumenta & Associates Inc d/b/a Exit Realty First Choice
(386) 864-0025
Listed By:
Liliana Escobar · License #3277805
(386) 864-0025
Source:
Evrealestate
Added: May 8
Changed: Aug 29
Last Checked: Aug 31 at 1:53PM
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 Giumenta & Associates Inc d/b/a Exit Realty First Choice
Investment Insights
Based on property information with market context.
Built in 2023, this duplex contains two residential units with open floorplans, stone countertops, vaulted ceilings, and walk-in closets. Each unit is equipped with central air and electric heat-pump heating, along with a kitchen package that includes a dishwasher, disposal, electric water heater, microwave, range, and refrigerator.
The property includes an attached garage with a door opener, driveway access, and rain gutters. Located at 36 Louisburg Lane A & B in Palm Coast, the home is reached from Belle Terre Parkway via Matanzas Woods Parkway, Lakeview Boulevard, London Drive, Louisville Drive, and Louisburg Lane.
The property includes an attached garage with a door opener, driveway access, and rain gutters. Located at 36 Louisburg Lane A & B in Palm Coast, the home is reached from Belle Terre Parkway via Matanzas Woods Parkway, Lakeview Boulevard, London Drive, Louisville Drive, and Louisburg Lane.
Key Highlights
- Duplex completed in 2023
- 3,063 property size
- Central air and electric heat‑pump systems
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
$35,367
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
5.80%
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%
$707,340
$707.3K
Cap Rate 7%
$505,243
$505.2K
Cap Rate 9%
$392,967
$393.0K
Market Conditions
NOI Build-Up for 3,063 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
$53.3K $17.40/SF
− Vacancy
−$2.8K −$0.90/SF
EGI
$50.5K $16.50/SF
− OpEx
−$15.2K −$4.95/SF
NOI
$35.4K $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%
$707,340
Cap Rate 7%
$505,243
Cap Rate 9%
$392,967
Alternative Uses
Best Use
Multifamily LT 5
$505.2K
$442.1K – $589.5K
NOI $35,367 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$448.9K
$392.8K – $523.7K
NOI $31,421 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$736.1K
$644.1K – $858.8K
NOI $51,525 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
57
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
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-unit residential property featuring central air, open interiors, and attached garage access.
Where is this duplex located?
The property is located at 36 LOUISBURG LANE A & B Palm Coast, FL.
What is the asking price?
The asking price for this property is $610,000.
What are key features of this property?
This property features: Duplex completed in 2023; 3,063 property size; Central air and electric heat‑pump systems
