Warehouse with Automotive
For Sale
$475,000
Pending
6 MARKET PLACE COURT, Palm Coast, FL 32137
Commercial Sale, PALM COAST, FL
Property Size2,640 SF
Lot Size0.35 Acres
Days on Market53
Property Features for 6 MARKET PLACE COURT
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Take Palm Coast Parkway west to Highway 1, go north. Take a left on Hargrove Grade and then a right on Market Place Court - it will be up on the right side of the street.
Subdivision
32137 - Palm Coast
Standard status
Pending
APN
10-11-30-4938-00000-0050
Lot size
0.35 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ALM COAST INDUSTRIAL PARK RESUBD LOTS 11 & 12 PB 27 PG 1 PARCEL 5 OR 270 PG 737 OR 276 748 OR 324 PG 797 OR 324 PG 798 OR 325 PG 764 OR 760 PG 732 OR 1118 PG 1790
Tax Annual Amount
1360
Legal Description
ALM COAST INDUSTRIAL PARK RESUBD LOTS 11 & 12 PB 27 PG 1 PARCEL 5 OR 270 PG 737 OR 276 748 OR 324 PG 797 OR 324 PG 798 OR 325 PG 764 OR 760 PG 732 OR 1118 PG 1790
Building Details
Year built
1986
Floors in Building
1
Building materials
Metal Frame, Metal Siding
Listing Agency:
BERKSHIRE HATHAWAY HOMESERVICE (FLORIDA PARK) · Real Living
(386) 445-7000
Listed By:
Herbert Ankrom · License #3600291
(310) 251-1456
Added: Jul 20
Changed: Aug 20
Last Checked: Sep 10 at 7:06PM
MLS# FC320169
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 2,640-square-foot warehouse occupies a 0.35-acre parcel and was built in 1986 with a metal-frame and metal-siding exterior. The building is arranged for two complementary commercial functions: approximately two-thirds is configured for automotive work with drive-in access and service space, while the balance provides dedicated contractor and roofing operations and storage areas.
The property includes off-street parking for 12 to 15 vehicles. Existing tenants are in place, and the layout can support separate operating areas or future owner use. Its physical configuration accommodates automotive, contractor, roofing, light industrial, trade, and related service activities without relying on a single-purpose layout.
The property includes off-street parking for 12 to 15 vehicles. Existing tenants are in place, and the layout can support separate operating areas or future owner use. Its physical configuration accommodates automotive, contractor, roofing, light industrial, trade, and related service activities without relying on a single-purpose layout.
Key Highlights
- 2,640‑square‑foot warehouse on a 0.35‑acre parcel
- Interior allocation includes approximately two‑thirds automotive space and one‑third contractor/roofing space
- Drive‑in access and automotive service area
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
$37,949
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
7.99%
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%
$758,980
$759.0K
Cap Rate 7%
$542,129
$542.1K
Cap Rate 9%
$421,656
$421.7K
Market Conditions
NOI Build-Up for 2,640 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
$58.6K $22.20/SF
− Vacancy
−$4.4K −$1.67/SF
EGI
$54.2K $20.54/SF
− OpEx
−$16.3K −$6.16/SF
NOI
$37.9K $14.37/SF
Area
Flagler County, FL
Vacancy
7.50%
Lease Rate
$22.20 /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%
$758,980
Cap Rate 7%
$542,129
Cap Rate 9%
$421,656
Alternative Uses
Best Use
Retail
$542.1K
$474.4K – $632.5K
NOI $37,949 @ 7.0% cap · market cap 7.99%
Second Best
Flex RnD
$428.5K
$375.0K – $500.0K
NOI $29,998 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$634.4K
$555.1K – $740.2K
NOI $44,409 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
239
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Divided interior supports automotive and contractor operations.
Where is this warehouse located?
The property is located at 6 MARKET PLACE COURT Palm Coast, FL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 2,640‑square‑foot warehouse on a 0.35‑acre parcel; Interior allocation includes approximately two‑thirds automotive space and one‑third contractor/roofing space; Drive‑in access and automotive service area
