2-Unit Concrete Block
For Sale
Contact for pricing
9 Wheeler Place, Palm Coast, FL 32164
Two residential units provide private entries, carports, storage rooms, and laundry closets.
Property Size2,844 SF
Lot Size0.25 Acres
Price / SF$149.40
Days on Market108
Property Features for 9 Wheeler Place
General Information
Standard status
Active
Size
2,844 SF
Total Parking Spaces
4
Lot size
0.25 Acres
Property subtype
Multifamily, Land
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Amenities
laundry closet
private storage rooms
Building Details
Year Built
2000
Buildings
1
Units
2
Construction
concrete block
Tenancy
Multi
Listing Agency:
Worth Clark Realty
Listed By:
Nichole Brosch · License #FL
(904) 859-2885
Source:
Crexi
Added: Jul 1
Changed: Oct 10
Last Checked: Oct 14 at 9:38PM
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 Worth Clark Realty
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Investment Insights
Based on property information with market context.
This 2,844-square-foot duplex, built in 2000, contains two residential units with matching two-bedroom, two-bath layouts. Each side includes a separate entrance, laundry closet, dedicated carport, and private storage room. Tile flooring, updated appliances, and concrete block construction are among the property’s existing features, while established tenants are already in place. The roof was replaced in 2022, and both HVAC systems and both water heaters date to 2019.
The property occupies a quarter-acre lot at 9 Wheeler Place in Palm Coast, Florida. Its location is approximately a short drive from Flagler County beaches, 35 minutes from historic St. Augustine, and 30 minutes from Daytona Speedway and the Daytona International Airport. State parks, local trails, and community events are also identified in the surrounding area.
The property occupies a quarter-acre lot at 9 Wheeler Place in Palm Coast, Florida. Its location is approximately a short drive from Flagler County beaches, 35 minutes from historic St. Augustine, and 30 minutes from Daytona Speedway and the Daytona International Airport. State parks, local trails, and community events are also identified in the surrounding area.
Key Highlights
- 2,844‑square‑foot duplex on a quarter‑acre lot
- Two units, each with 2 bedrooms and 2 full bathrooms
- Separate entries, dedicated carports, laundry closets, and private storage rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,839
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$656,780
$656.8K
Cap Rate 7%
$469,129
$469.1K
Cap Rate 9%
$364,878
$364.9K
Market Conditions
NOI Build-Up for 2,844 SF
Gross rent
$49.5K $17.40/SF
− Vacancy
−$2.6K −$0.90/SF
EGI
$46.9K $16.50/SF
− OpEx
−$14.1K −$4.95/SF
NOI
$32.8K $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 Rate 5%
$656,780
Cap Rate 7%
$469,129
Cap Rate 9%
$364,878
Alternative Uses
Best Use
Multifamily LT 5
$469.1K
$410.5K – $547.3K
NOI $32,839 @ 7.0% cap · market cap 7.73%
Second Best
Apartment 5plus
$416.8K
$364.7K – $486.3K
NOI $29,175 @ 7.0% cap · market cap 6.87%
Theoretical Best
Office A
$683.4K
$598.0K – $797.4K
NOI $47,841 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
67
Businesses Nearby
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Business Placement
Demographics for 32164, FL
49,412
Population
22,902
Households
2.2
Avg Household Size
48
Median Age
26%
College-Educated
91%
High-School Grad
32.5 sq mi
ZIP Area
1,520
Density / Sq Mi
$71,738
Median Household Income
$37,976
Median Earnings
$1,724
Median Rent
$308,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units provide private entries, carports, storage rooms, and laundry closets.
Where is this duplex located?
The property is located at 9 Wheeler Place Palm Coast, FL.
What is the asking price?
The asking price for this property is $424,900.
What are key features of this property?
This property features: 2,844‑square‑foot duplex on a quarter‑acre lot; Two units, each with 2 bedrooms and 2 full bathrooms; Separate entries, dedicated carports, laundry closets, and private storage rooms
