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    115 Rae Dr Palm Coast, FL 32164

    For Sale
    $395,000

    42,558 sq ft Commercial/Residential Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    Exceptional investment opportunity in Palm Coast, Florida, featuring four contiguous residential lots totaling 42,558.12 square feet. This combined parcel presents significant potential for commercial or residential development. Located at 115 Rae Drive, Palm Coast, FL 32164, the property is zoned for both commercial and residential use, offering flexibility for various projects. The land is situated in Flagler County and is part of a subdivision completed in 1980. Detailed lot information includes: Palm Coast Sec 30 Bl 24 Lt 1 (various page numbers in official records)

    Property Features for 115 Rae Dr

    General Information

    Property type
    Land

    HighLights

    • Four contiguous residential lots totaling 42,558.12 square feet in Palm Coast, FL.
    • Significant development potential for commercial or residential use.
    • Located at 115 Rae Drive, Palm Coast, FL 32164, with commercial and residential zoning.
    • Flagler County location, part of a 1980 subdivision.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Spa & Massage Dental Office Building Supply Auto Repair Shop Gym & Fitness Wholesale Shop Skin Care Clinic Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Coast
    County
    Flagler
    State
    Florida
    Longitude
    -81.225118
    Latitude
    29.511613

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    FAQs

    What type of property is this?
    Land - 42,558 sq ft Commercial/Residential Land
    Where is this land located?
    The property is located at 115 Rae Dr Palm Coast, FL.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: Four contiguous residential lots totaling 42,558.12 square feet in Palm Coast, FL.; Significant development potential for commercial or residential use.; Located at 115 Rae Drive, Palm Coast, FL 32164, with commercial and residential zoning.
    Request Owner's contact information
    115 Rae Dr Palm Coast, FL 32164
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    115 Rae Dr Palm Coast, FL 32164
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