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    New Duplex Investment Opportunity Title is generated by Realmo AI

    5 RAINSTONE LANE, Palm Coast, FL 32164

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    Pending
    $499,900

    Duplex - PALM COAST, FL

    Type:Duplex
    Property size:
    2,575 SF
    Lot size:
    0.23 Acres
    Added:
    Jan 22, 2026
    Days on Market:
    124
    Last Refresh:
    May 26 at 2:06 pm

    Property Features for 5 RAINSTONE LANE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Zoning
    DPX
    Bedrooms
    6
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Parking features
    Garage, Garage - Attached
    Interior features
    Open Floorplan, Solid Surface Counters, Thermostat, Walk-in Closet(s)
    Exterior features
    Private Mailbox
    Appliances
    Dishwasher, Microwave, Refrigerator, Washer
    Standard status
    Pending
    APN
    07-11-31-7030-00250-0030
    Size
    2,575 SF
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    6388

    Utilities

    Heating system
    Central, Electric (Heating), Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    2022
    Number of units
    2
    Building materials
    Block, Stucco
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Alina Pekarsky
    Alina Pekarsky

    Listing agent Alina Pekarsky License #3118291

    Listing office VIRTUAL HOMES REALTY 1 Farraday Lane, Palm Coast, FL

    Listing date Jan 22, 2026

    MLS# FC315542 Listing URL

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

    HighLights

    • Turnkey 2022‑built concrete block duplex, providing immediate rental income.
    • Currently generating $38,900 annual income with long‑term tenants.
    • Each unit features 3 bedrooms, 2 bathrooms, and a 1‑car garage.
    • Low‑maintenance design with granite countertops and no carpeting.
    • Upside potential with rent increase agreed upon for one unit upon lease expiration.
    • Ideal 1031 Exchange Replacement Property.

    Overview

    This 2022-built duplex presents an investment opportunity. Constructed with concrete block, the property features two identical units, each with 3 bedrooms, 2 bathrooms, and a 1-car garage. The property is currently generating a combined annual income of $38,900, with both units rented to long-term tenants. The tenants maintain their units and have expressed interest in continuing their leases. One unit has agreed to a rent increase upon lease expiration. Designed for ease of ownership, both units include granite countertops, durable finishes, and no carpeting, which contributes to low maintenance costs. The property is situated on a lot of 0.23 acres and has a total size of 2575 square feet. The property is located in Palm Coast, Florida.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $330.4K
    NOI $29,733 @ 9.00% cap · cautious / downside scenario
    Moderate
    $424.8K
    NOI $29,733 @ 7.00% cap · market / base-case scenario
    Aggressive
    $594.7K
    NOI $29,733 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $44.8k $17.40
    − Vacancy −$2.3k −$0.90
    EGI $42.5k $16.50
    − OpEx −$12.7k −$4.95
    NOI $29.7k $11.55
    2,575 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $424.8K
    $371.7K – $495.6K (±1% cap)
    NOI $29,733 @ 7.0% cap · market cap 5.95%
    Second Best
    Apartment 5plus
    $377.4K
    $330.2K – $440.3K (±1% cap)
    NOI $26,415 @ 7.0% cap · market cap 5.28%
    Theoretical Best
    Office A
    $618.8K
    $541.5K – $721.9K (±1% cap)
    NOI $43,316 @ 7.0% cap · market cap 8.66%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store Skin Care Clinic Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Coast
    County
    Flagler
    State
    Florida
    Longitude
    -81.224055
    Latitude
    29.511443

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    FAQs

    What type of property is this?
    Duplex - 2022-built duplex with long-term tenants and income potential.
    Where is this duplex located?
    The property is located at 5 RAINSTONE LANE Palm Coast, FL.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: Turnkey 2022‑built concrete block duplex, providing immediate rental income.; Currently generating $38,900 annual income with long‑term tenants.; Each unit features 3 bedrooms, 2 bathrooms, and a 1‑car garage.
    (386) 569-5383
    We can help!
    Listing Contact
    Alina Pekarsky
    Alina Pekarsky
    Real Estate License ID: 3118291
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    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.

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