Restaurant Property with
For Sale
$950,000
Pending
5062 N OCEAN SHORE Boulevard, Palm Coast, FL 32137
Commercial Sale, PALM COAST, FL
Property Size2,000 SF
Lot Size0.89 Acres
Days on Market269
Property Features for 5062 N OCEAN SHORE Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RC
Appliances
Dishwasher, Refrigerator
Subdivision
PROPERTY APPRAISERS SUB #179
Directions
Off A1A
Standard status
Pending
APN
40-10-31-5135-00010-0100
Size
2,000 SF
Lot size
0.89 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
PROPERTY APPRAISERS SUBD #179 BLOCK 1 LOT 10 A/D/A PARCEL LOCATED NORTH OF LIKENS SUBD & BOUNDED ON EAST BY A1A DB 14 PG 408 (DB 19 PG 197, DB 27 PAGE 477, DB 30 PG 45,OR 63 PG 285)DC OR 281 PG 394 OR 478 PG 378 OR 508/1209 PT VACATED OLD AIA ORDINANCE 94
Tax Annual Amount
7821
Legal Description
PROPERTY APPRAISERS SUBD #179 BLOCK 1 LOT 10 A/D/A PARCEL LOCATED NORTH OF LIKENS SUBD & BOUNDED ON EAST BY A1A DB 14 PG 408 (DB 19 PG 197, DB 27 PAGE 477, DB 30 PG 45,OR 63 PG 285)DC OR 281 PG 394 OR 478 PG 378 OR 508/1209 PT VACATED OLD AIA ORDINANCE 94
Utilities
Cooling system
Central Air
Amenities
two-bay metal building
Building Details
Year built
1968
Building materials
Block
Additional Structures
Storage
Listing Agency:
REALTY EXCHANGE, LLC
(386) 446-0017
Listed By:
Jennifer Wagner · License #3620364
(386) 931-0580
Added: Dec 1, 2025
Changed: Aug 24
Last Checked: Aug 27 at 2:06PM
MLS# FC314413
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.
Investment Insights
Based on property information with market context.
This restaurant property at 5062 N OCEAN SHORE Boulevard includes 2,000 square feet of enclosed space and 2,138 square feet under roof on a 0.89-acre parcel. The 1968 building is constructed of block and features foam insulation, central air, a 2-year-old AC system, and a roof approximately 10 years old. A dishwasher and refrigerator are included.
The site has direct frontage on A1A in Palm Coast, with zoning designated RC and approval for restaurant use. Customer and staff access is supported by 38 parking spaces, including 2 handicapped-accessible spaces. A separate 30' x 30' two-bay metal building with 2-10 ft doors adds enclosed utility space for storage, equipment, or other property operations.
The site has direct frontage on A1A in Palm Coast, with zoning designated RC and approval for restaurant use. Customer and staff access is supported by 38 parking spaces, including 2 handicapped-accessible spaces. A separate 30' x 30' two-bay metal building with 2-10 ft doors adds enclosed utility space for storage, equipment, or other property operations.
Key Highlights
- 0.89‑acre restaurant property with 2,000 sq ft enclosed and 2,138 sq ft under roof
- Direct frontage on A1A in Palm Coast with RC zoning and restaurant‑use approval
- 38 parking spaces, including 2 handicapped‑accessible spaces
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
$31,227
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
3.29%
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%
$624,540
$624.5K
Cap Rate 7%
$446,100
$446.1K
Cap Rate 9%
$346,967
$347.0K
Market Conditions
NOI Build-Up for 2,000 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
$43.9K $21.96/SF
− Vacancy
−$2.3K −$1.14/SF
EGI
$41.6K $20.82/SF
− OpEx
−$10.4K −$5.20/SF
NOI
$31.2K $15.61/SF
Area
Flagler County, FL
Vacancy
5.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
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%
$624,540
Cap Rate 7%
$446,100
Cap Rate 9%
$346,967
Alternative Uses
Best Use
Specialty Retail
$446.1K
$390.3K – $520.5K
NOI $31,227 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$480.6K
$420.5K – $560.7K
NOI $33,643 @ 7.0% cap · market cap 3.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
168
Businesses Nearby
Under-served
Demand for This Use
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing improvements, restaurant approval, and ample on-site parking support a range of commercial operations.
Where is this conventional restaurant located?
The property is located at 5062 N OCEAN SHORE Boulevard Palm Coast, FL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 0.89‑acre restaurant property with 2,000 sq ft enclosed and 2,138 sq ft under roof; Direct frontage on A1A in Palm Coast with RC zoning and restaurant‑use approval; 38 parking spaces, including 2 handicapped‑accessible spaces
