New Construction
For Sale
$489,900
54 Underwood Trl, Palm Coast, FL 32164
Newly built duplex with modern finishes and energy-efficient features.
Property Size1,954 SF
Price / SF$250.72
Days on Market67
Property Features for 54 Underwood Trl
General Information
Standard status
Active
Size
1,954 SF
Property subtype
Multi-Family
Building Details
Year Built
2026
Listing Agency:
SUNCOAST PROPERTY MANAGEMENT L
Listed By:
Kelly Treadaway · License #3380118
(904) 831-8006
Source:
Bradfordrealestatenetwork
Added: Aug 8
Changed: Oct 1
Last Checked: Oct 5 at 11:53PM
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 SUNCOAST PROPERTY MANAGEMENT L
Investment Insights
Based on property information with market context.
This newly constructed duplex is presented with contemporary finishes and energy-efficient features. Builder warranty coverage is included, while final colors, materials, and floor plan details may vary from the illustrative photos provided.
Key Highlights
- New construction duplex
- Modern interior finishes
- Energy‑efficient features
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,562
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$451,240
$451.2K
Cap Rate 7%
$322,314
$322.3K
Cap Rate 9%
$250,689
$250.7K
Market Conditions
NOI Build-Up for 1,954 SF
Gross rent
$34.0K $17.40/SF
− Vacancy
−$1.8K −$0.90/SF
EGI
$32.2K $16.50/SF
− OpEx
−$9.7K −$4.95/SF
NOI
$22.6K $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 Rate 5%
$451,240
Cap Rate 7%
$322,314
Cap Rate 9%
$250,689
Alternative Uses
Best Use
Multifamily LT 5
$322.3K
$282.0K – $376.0K
NOI $22,562 @ 7.0% cap · market cap 4.61%
Second Best
Apartment 5plus
$286.4K
$250.6K – $334.1K
NOI $20,045 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$469.6K
$410.9K – $547.8K
NOI $32,869 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Explore this area
Business Placement
Demographics for 32164, FL
49,412
Population
22,902
Households
2.2
Avg Household Size
48
Median Age
26%
College-Educated
91%
High-School Grad
32.5 sq mi
ZIP Area
1,520
Density / Sq Mi
$71,738
Median Household Income
$37,976
Median Earnings
$1,724
Median Rent
$308,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Newly built duplex with modern finishes and energy-efficient features.
Where is this duplex located?
The property is located at 54 Underwood Trl Palm Coast, FL.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: New construction duplex; Modern interior finishes; Energy‑efficient features
