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    New Construction Duplex with Two Garages Title is generated by Realmo AI

    86 EMERSON DRIVE, Palm Coast, FL 32164

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    Claim this Listing
    For Sale
    $649,900

    Duplex - PALM COAST, FL

    Type:Duplex
    Property size:
    3,087 SF
    Lot size:
    0.23 Acres
    Price / SF:
    $210/SF
    Added:
    May 25, 2026
    Days on Market:
    13
    Last Refresh:
    Jun 6 at 2:06 am

    Property Features for 86 EMERSON DRIVE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Property condition
    New Construction
    Zoning
    DPX
    Bedrooms
    6
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Parking features
    Garage, Garage - Attached
    Interior features
    High Ceilings
    Exterior features
    Sliding Doors
    Appliances
    Dishwasher, Garbage Disposer, Range, Refrigerator, Washer
    Standard status
    Active
    APN
    07-11-31-7034-00020-0050
    Size
    3,087 SF
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    9671

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    2024
    Number of units
    2
    Building materials
    Block
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Elena Tchoumakova
    Elena Tchoumakova

    Listing agent Elena Tchoumakova License #3228404

    Listing office APEX REALTY LLC 4877 Palm Coast Pkwy NW #2, Palm Coast, FL

    Listing date May 25, 2026

    MLS# FC318883 Listing URL

    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.

    HighLights

    • New construction duplex built in 2024 with two separate living spaces
    • Each side offers 3 bedrooms and 2 bathrooms in 1,538 sq. ft total living area
    • 10‑foot ceilings with 12 ft in the living and master bedroom areas
    • Each side includes an attached 2‑car garage (440 sq. ft) and central AC
    • Kitchen appliances include dishwasher, garbage disposer, range, refrigerator, and washer
    • Block construction with shingle roof and central electric heating

    Overview

    This brand-new construction duplex offers two separate living spaces, each designed as a 3-bedroom, 2-bath unit. Each side includes its own 2-car garage and a modern interior package with features such as a 10-foot ceiling and solid interior doors. The living areas include windows that provide natural light, and the kitchen appointments include stainless steel appliances, sleek lighting, ceiling fans, quartz countertops, and a tiled backsplash.

    The property is located in Palm Coast, Florida in Flagler County at 86 Emerson Drive (32164). The listing describes convenient proximity to Publix, Town Center, shopping, and restaurants, with Flagler Beach about 15 minutes away by drive.

    The duplex configuration supports multiple tenant or occupancy strategies, including owning one side while renting the other. With a total of 6 bedrooms and 4 bathrooms across the two units, the layout can appeal to buyers seeking a residential income property with mirrored unit design and attached garage parking on both sides. Zoning is listed as DPX, and the lot size is reported as 0.23 acres.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $53.7k $17.40
    − Vacancy −$2.8k −$0.90
    EGI $50.9k $16.50
    − OpEx −$15.3k −$4.95
    NOI $35.6k $11.55
    3,087 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $509.2K
    $445.6K – $594.1K (±1% cap)
    NOI $35,644 @ 7.0% cap · market cap 5.48%
    Second Best
    Apartment 5plus
    $452.4K
    $395.9K – $527.8K (±1% cap)
    NOI $31,668 @ 7.0% cap · market cap 4.87%
    Theoretical Best
    Office A
    $741.8K
    $649.1K – $865.5K (±1% cap)
    NOI $51,928 @ 7.0% cap · market cap 7.99%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palm Coast
    County
    Flagler
    State
    Florida
    Longitude
    -81.224877
    Latitude
    29.493183

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    FAQs

    What type of property is this?
    Duplex - Brand-new duplex with two separate 3-bedroom, 2-bath units and attached 2-car garages for flexible owner or investor use.
    Where is this duplex located?
    The property is located at 86 EMERSON DRIVE Palm Coast, FL.
    What is the asking price?
    The asking price for this property is $649,900.
    What are key features of this property?
    This property features: New construction duplex built in 2024 with two separate living spaces; Each side offers 3 bedrooms and 2 bathrooms in 1,538 sq. ft total living area; 10‑foot ceilings with 12 ft in the living and master bedroom areas
    (386) 986-5053
    We can help!
    Listing Contact
    Elena Tchoumakova
    Elena Tchoumakova
    Real Estate License ID: 3228404
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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