Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Lot in Palm Coast Title is generated by Realmo AI

    44 RICHMOND DRIVE, Palm Coast, FL 32164

    View on Map
    Claim this Listing
    For Sale
    $70,000

    land - PALM COAST, FL

    Lot size:
    0.23 Acres
    Added:
    May 11, 2026
    Days on Market:
    14
    Last Refresh:
    May 24 at 10:06 pm

    Property Features for 44 RICHMOND DRIVE

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.23 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    John Corbett Jr.
    John Corbett Jr.

    Listing agent John Corbett Jr.

    Listing office Premier Properties 211 St. Joe Plaza Drive, FL

    Listing date May 11, 2026

    MLS# FC318457 Listing URL

    Copyright © 2026 Coldwell Banker Schmidt REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Single family lot suitable for building a home
    • No time limit to build, offering flexibility for future plans
    • Located in an area of single family homes, suggesting a stable and desirable neighborhood
    • Flood zone X, indicating a lower risk of flooding
    • Sewer impact fee pre‑paid ($2,465 value)
    • Close proximity to an elementary school (6 blocks)

    Overview

    This single-family lot is located in Palm Coast, Florida. The property, situated in flood zone X, has no time limit to build, offering flexibility for construction. Buyers can choose their own builder or hold the lot for future use. The surrounding area consists of single-family homes. The lot is located six blocks from an elementary school. A sewer impact fee of $2,465 has been pre-paid.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Building Supply Gym & Fitness Center Auto Repair Shop Skin Care Clinic Big Box & Wholesale Store Daycare Center Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Coast
    County
    Flagler
    State
    Florida
    Longitude
    -81.246942
    Latitude
    29.506941

    Nearby Similar for Sale

    • $618,000
      3,063 SF

      New Duplex in Palm Coast

      New construction duplex with excellent investment opportunity in Palm Coast.
      14 BRELYN PLACE, PALM COAST, FL 32137
      View Details
    • $625,000
      3,063 SF

      Modern Duplex in Palm Coast

      Built in 2023, offering modern design and investment potential.
      36 LOUISBURG LANE, PALM COAST, FL 32137
      View Details
    • $540,000
      2,376 SF

      New Duplex in Palm Coast

      Brand new duplex with upgrades, great investment opportunity.
      37 REGENT LANE, PALM COAST, FL 32164
      View Details
    • $425,000
      2,728 SF

      Income-Producing Duplex in Palm Coast

      Duplex in central Palm Coast, ideal for owner or investor.
      35 BRUNSWICK LANE, PALM COAST, FL 32137
      View Details
    • $920,000
      3,664 SF

      Palm Coast Four-Unit Income Property

      Four-unit income property in Palm Coast, across from AdventHealth hospital.
      1 BRITTANY LANE, PALM COAST, FL 32137
      View Details
    • $578,500
      2,622 SF

      New Construction Duplex in Palm Coast

      Modern duplex with upgraded finishes and spacious layouts for sale.
      35 FRENEAU LANE, PALM COAST, FL 32137
      View Details
    • $585,000
      2,398 SF

      New Construction Palm Coast Duplex

      New construction duplex with premium finishes and flexible rental options.
      95 PROVIDENCE LANE, PALM COAST, FL 32164
      View Details
    • $514,900
      1,198 SF

      Palm Coast Duplex Investment Opportunity

      Duplex with garages, granite countertops, and proximity to amenities.
      20 BUTTONWOOD LANE, PALM COAST, FL 32137
      View Details
    • $565,000
      3,123 SF

      Palm Coast Duplex Investment Opportunity

      Custom duplex in Palm Coast with income potential.
      28 KARAT PATH, PALM COAST, FL 32164
      View Details
    • $419,900
      2,278 SF

      Palm Coast Duplex Investment Opportunity

      Duplex with tenant in place, vacant unit for flexible use.
      4 PONY LANE, PALM COAST, FL 32164
      View Details
    • $920,000
      3,664 SF

      Palm Coast Four-Unit Income Property

      Four-unit income property in Palm Coast, across from AdventHealth hospital.
      1 Brittany Lane, Palm Coast, FL 32137
      View Details
    • $395,000
      2,631 SF

      Palm Coast Duplex Investment Opportunity

      Well-maintained duplex in Palm Coast with strong rental potential.
      16 Pine Hurst Lane, Palm Coast, FL 32164
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Single-family lot in Palm Coast, ready for building.
    Where is this residential land & home lot located?
    The property is located at 44 RICHMOND DRIVE Palm Coast, FL.
    What is the asking price?
    The asking price for this property is $70,000.
    What are key features of this property?
    This property features: Single family lot suitable for building a home; No time limit to build, offering flexibility for future plans; Located in an area of single family homes, suggesting a stable and desirable neighborhood
    (386) 569-1872
    We can help!
    Listing Contact
    John Corbett Jr.
    John Corbett Jr.
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    44 RICHMOND DRIVE, PALM COAST, FL 32164
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!