Duplex with Screened
For Sale
$535,000
8 FAWN LANE #A, Palm Coast, FL 32137
Both residences include private two-car garage capacity and screened outdoor space.
Property Size2,800 SF
Price / SF$191.07
Days on Market13
Property Features for 8 FAWN LANE #A
General Information
Standard status
Active
Size
2,800 SF
Total Parking Spaces
4
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
2
Amenities
screened lanai
0.26 acres
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 07-11-31-7002-00030-0170, Public Survey Range: 31, Public Survey Section: 07, Annual Amount: $4,232, Tax Block: 3, Tax Book Number: 553 PG 153, Legal Description: PALM COAST SEC 2 BL 3 LT 17 OR 553 PG 1539 OR 752 PG 761 OR 1019 PG 642 OR 1124 PG 6, Lot: 17, Year: 2025, Zoning: DPX
2 spaces
Gross Income: $43,200
Central Air
Electric, Heat Pump
In Garage
Listing ID: MFRFC320749, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, On market as of 2026-08-17, 1 day on market, Special Conditions: None
6 total bedrooms
Built in 2005, Living area: 2800, Living area units: Square Feet, Construction Materials: Brick, Concrete, Stucco
Subdivision: FAWN OAKS PALM COAST SEC 02 SUNRISE PLAZA, MLS Area (Major): 32137 - Palm Coast, County/Parish: Flagler
4 total bathrooms
Cable Connected, Electricity Connected, Public, Sewer Connected, Sprinkler Well, Water Connected, Water Source: Public
Slab
Road Surface: Paved
Private Mailbox
Ceiling Fans(s), Eat-in Kitchen, Living Room/Dining Room Combo, Primary Bedroom Main Floor, Thermostat, Walk-In Closet(s)
Other equipment: Irrigation Equipment
Building Details
Year Built
2005
Buildings
1
Listing Agency:
REALTY EXECUTIVES OCEANSIDE
(386) 506-8008
Listed By:
Basantee Zinkhan · License #3438155
Source:
Miharaandassociates
Added: Aug 17
Changed: Aug 28
Last Checked: Aug 28 at 12:42PM
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 REALTY EXECUTIVES OCEANSIDE
Investment Insights
Based on property information with market context.
Built in 2005, this duplex contains two residences with matching three-bedroom, two-bath layouts. Each unit offers 1,400 square feet of heated area, a screened lanai, and a two-car garage, for 2,800 square feet across the property. The roof was replaced in 2020. A new stove and additional garage features were added in 2026 in the owner's unit.
The property is located in the Palm Harbor Community of Palm Coast at 8 Fawn Lane. James F. Holland Memorial Park is nearby, with supermarkets, pharmacies, gas stations, banks, and restaurants also located within the surrounding area. Flagler Beach and Matanzas Beach are approximately 15 minutes away, while St. Augustine is approximately 30 minutes away.
The property is located in the Palm Harbor Community of Palm Coast at 8 Fawn Lane. James F. Holland Memorial Park is nearby, with supermarkets, pharmacies, gas stations, banks, and restaurants also located within the surrounding area. Flagler Beach and Matanzas Beach are approximately 15 minutes away, while St. Augustine is approximately 30 minutes away.
Key Highlights
- Two‑unit property with 2,800 square feet of total property size
- Each unit includes 3 bedrooms, 2 full bathrooms, and 1,400 Sqft of heated area
- Screened lanai and 2 car Garage provided for each unit
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
$32,331
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
6.04%
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%
$646,620
$646.6K
Cap Rate 7%
$461,871
$461.9K
Cap Rate 9%
$359,233
$359.2K
Market Conditions
NOI Build-Up for 2,800 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
$48.7K $17.40/SF
− Vacancy
−$2.5K −$0.90/SF
EGI
$46.2K $16.50/SF
− OpEx
−$13.9K −$4.95/SF
NOI
$32.3K $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%
$646,620
Cap Rate 7%
$461,871
Cap Rate 9%
$359,233
Alternative Uses
Best Use
Multifamily LT 5
$461.9K
$404.1K – $538.9K
NOI $32,331 @ 7.0% cap · market cap 6.04%
Second Best
Apartment 5plus
$410.3K
$359.0K – $478.7K
NOI $28,723 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$672.9K
$588.8K – $785.0K
NOI $47,100 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
963
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 - Both residences include private two-car garage capacity and screened outdoor space.
Where is this duplex located?
The property is located at 8 FAWN LANE #A Palm Coast, FL.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Two‑unit property with 2,800 square feet of total property size; Each unit includes 3 bedrooms, 2 full bathrooms, and 1,400 Sqft of heated area; Screened lanai and 2 car Garage provided for each unit
