Modern Two-Unit
For Sale
$585,000
Pending
53 Louisiana Dr, Palm Coast, FL 32137
Owner-occupied duplex with contemporary finishes, attached garages, outdoor living areas, and convenient access to schools, shopping, and major roads.
Property Size2,532 SF
Days on Market56
Property Features for 53 Louisiana Dr
General Information
Standard status
Pending
Size
2,532 SF
Property subtype
Residential Income
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$7,421
Amenities
vaulted ceilings
ceramic tile plank flooring
modern fireplace
modern light fixtures
ceiling fans
kitchen island
backyard shed
rain gutters
Saint Augustine grass
sprinkler system on well
upgraded landscape
Building Details
Buildings
1
Listing Agency:
COLDWELL BANKER PREMIER PROPERTIES
(386) 931-6579
Listed By:
Ana Medeiros · License #0707004
(386) 931-6579
Source:
Exprealty
Added: Jun 18
Changed: Aug 8
Last Checked: Aug 12 at 11:58AM
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 COLDWELL BANKER PREMIER PROPERTIES
Investment Insights
Based on property information with market context.
This owner-occupied duplex offers two thoughtfully designed units, each with 1,265 square feet, two full bathrooms, two additional bedrooms, and an attached two-car garage. Both units feature open-concept living areas with vaulted ceilings, luxury ceramic tile plank flooring, modern lighting, ceiling fans, and fireplaces. The kitchens include quartz countertops, shaker cabinets, stainless steel appliances, pantry closets, and sliding doors opening to the lanai. Side B also includes a kitchen island and a primary-suite fireplace.
The primary suites feature walk-in closets and ensuite bathrooms with upgraded finishes, including glass shower doors and ceiling-height tile in the showers. Additional property features include a backyard shed, rain gutters, Saint Augustine grass, a well-fed sprinkler system, and upgraded landscaping. The property is located in Matanzas Woods, near schools, Advent Health Hospital, shopping, and dining, with access to I-95 and US-1. Saint Augustine and Daytona Beach are each approximately 30 minutes away.
The primary suites feature walk-in closets and ensuite bathrooms with upgraded finishes, including glass shower doors and ceiling-height tile in the showers. Additional property features include a backyard shed, rain gutters, Saint Augustine grass, a well-fed sprinkler system, and upgraded landscaping. The property is located in Matanzas Woods, near schools, Advent Health Hospital, shopping, and dining, with access to I-95 and US-1. Saint Augustine and Daytona Beach are each approximately 30 minutes away.
Key Highlights
- Two‑unit duplex with 2,532 square feet total
- Each unit includes 1,265 square feet, 2 full bathrooms, 2 additional bedrooms, and a two‑car garage
- Open‑concept layouts with vaulted ceilings, luxury ceramic tile plank flooring, and fireplaces
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
$29,236
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
5.00%
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%
$584,720
$584.7K
Cap Rate 7%
$417,657
$417.7K
Cap Rate 9%
$324,844
$324.8K
Market Conditions
NOI Build-Up for 2,532 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
$44.1K $17.40/SF
− Vacancy
−$2.3K −$0.90/SF
EGI
$41.8K $16.50/SF
− OpEx
−$12.5K −$4.95/SF
NOI
$29.2K $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%
$584,720
Cap Rate 7%
$417,657
Cap Rate 9%
$324,844
Alternative Uses
Best Use
Multifamily LT 5
$417.7K
$365.5K – $487.3K
NOI $29,236 @ 7.0% cap · market cap 5.00%
Second Best
Apartment 5plus
$371.1K
$324.7K – $432.9K
NOI $25,974 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$608.5K
$532.4K – $709.9K
NOI $42,592 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
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 - Owner-occupied duplex with contemporary finishes, attached garages, outdoor living areas, and convenient access to schools, shopping, and major roads.
Where is this duplex located?
The property is located at 53 Louisiana Dr Palm Coast, FL.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,532 square feet total; Each unit includes 1,265 square feet, 2 full bathrooms, 2 additional bedrooms, and a two‑car garage; Open‑concept layouts with vaulted ceilings, luxury ceramic tile plank flooring, and fireplaces
