Updated Duplex with Screened
For Sale
$440,000
58 BRADMORE LANE #A, Palm Coast, FL 32137
Two-unit residential property with refreshed interiors, a renovated kitchen, and outdoor screened living space.
Property Size2,086 SF
Price / SF$210.93
Days on Market12
Property Features for 58 BRADMORE LANE #A
General Information
Standard status
Active
Size
2,086 SF
Property subtype
Half Duplex
Building Details
Year Built
1983
Listing Agency:
THE NEWCOMER GROUP
(904) 599-5633
Listed By:
Thomas Scott, IV · License #3415277
Source:
Dennisrealty
Added: Aug 18
Changed: Aug 28
Last Checked: Aug 29 at 9:05AM
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 THE NEWCOMER GROUP
Investment Insights
Based on property information with market context.
This duplex contains 5 bedrooms and 4 bathrooms across its two units, with 2,086 square feet of property size and a 1983 construction date. Interior features include tile flooring, fresh paint, a renovated kitchen, and a skylight that brings additional daylight into the living areas. A screened patio adds covered outdoor space. The air-conditioning system was updated in 2022, and the roof was replaced in 2020.
The property is located in the Indian Trails community of Palm Coast, near shopping, parks, schools, and grocery stores. Access to I-95 is nearby, while beaches and Flagler Beach Pier are within the surrounding coastal area.
The property is located in the Indian Trails community of Palm Coast, near shopping, parks, schools, and grocery stores. Access to I-95 is nearby, while beaches and Flagler Beach Pier are within the surrounding coastal area.
Key Highlights
- Duplex with 5 bedrooms and 4 bathrooms
- 2,086 square feet; built in 1983
- Air‑conditioning system updated in 2022
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
$24,086
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
5.47%
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%
$481,720
$481.7K
Cap Rate 7%
$344,086
$344.1K
Cap Rate 9%
$267,622
$267.6K
Market Conditions
NOI Build-Up for 2,086 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
$36.3K $17.40/SF
− Vacancy
−$1.9K −$0.90/SF
EGI
$34.4K $16.50/SF
− OpEx
−$10.3K −$4.95/SF
NOI
$24.1K $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%
$481,720
Cap Rate 7%
$344,086
Cap Rate 9%
$267,622
Alternative Uses
Best Use
Multifamily LT 5
$344.1K
$301.1K – $401.4K
NOI $24,086 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$305.7K
$267.5K – $356.7K
NOI $21,399 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$501.3K
$438.6K – $584.8K
NOI $35,090 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
516
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 - Two-unit residential property with refreshed interiors, a renovated kitchen, and outdoor screened living space.
Where is this duplex located?
The property is located at 58 BRADMORE LANE #A Palm Coast, FL.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Duplex with 5 bedrooms and 4 bathrooms; 2,086 square feet; built in 1983; Air‑conditioning system updated in 2022
